"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This is a business that specialises in school wear for more than 80 years. Stockists of specialised school uniforms with prices that are competitive and affordable. Staff are dedicated, friendly and professional.
How long has the business been established?
Since 1938. Initially trading as a general dealer but moved over to specialised school uniforms since 1976
How long has the owner had the business?
Family business since inception.
How does the business operate on a daily basis?
This store is the preferred stockist of school uniforms for about 65 schools. Parents can only get the required outfits from this store.
How are the clients attracted to the business?
The business is well-known and the preferred stockist of school wear to certain schools.
What Advertising/Marketing is carried out?
No formal advertising. Schools promote the company as the preferred supplier of the uniforms. Brochures are sent out to schools periodically.
Does the business have any contract work?
There are no contracts, but this store is the preferred supplier.
What competition exists?
There are stores that sell the basic school requirements in the area. Only 1 store stocks the specialised uniform, however the quality is very inferior compared to our quality
What are the seasonal trends?
Seasonal business with high turnover during back to school periods.
Is the business VAT Registered?
Yes they are
What VAT documentation is on file?
All necessary VAT documentation is on file. Vat registration and submissions etc.
Are there up-to-date Management Accounts available?
To be shared with serious buyers
What Balance Sheet and Income Statements are available?
All financial documents, both system generated and Accountants reports, are available to serious buyers
What percentage of the business is cash/credit?
Strictly cash business
What is the age analysis of the debtors book?
Cash only business. Laybyes are available to customers
How could the profitability of the business be improved?
Advertising, Possible contracts with new & existing schools. Addition of sports clothing and other school related stock added to the store.
Is Seller finance available and for what amount?
This is an option but dependant on each offer
What are the terms offered by creditors?
Most are 30 days. The seller uses other service providers at times and these are cod.
What is the total staff complement?
3 staff members
Give a breakdown of staff/ functions/ length of service?
Manager employed since 2019
Saleslady employed Since 2010
Salesman employed since 2014
Do any receive special perks or incentives?
Annual bonus, although not compulsory.
Staff pricing on items in store.
Are they on contract?
Manager has a contract in place, other 2 staff members have been with the family for many years
Do any have management potential?
There is a manager in place
How involved is the Owner in running the business?
The owner runs the daily operations.
When does the current lease end?
The seller owns the building as well. The seller will negotiate a new lease agreement with the buyer
Is there an option of renewal & what period?
Renewal is an option, periods can be negotiated to suit both parties
What is the annual escalation %?
Average 7.5% increase, can be negotiated to suit both parties
What are the trading hours?
Monday to Friday: 9am - 5pm
Saturday: 9am - 1:30pm
Closed on Sundays and public holidays
What is the square meters of the business?
Approximately 100m2 including 2 external storerooms
Do you require a licence?
No licence required
What lease deposit and/or other surety is required?
3 month rental deposit required
What are the main assets of the business?
This is a retail store, and the assets are mostly fittings, racks and rails.
Included is a 5 KVA generator, 3 computers and 2 till printers, a label printer, an office printer
5KVA Inverter
What is their overall condition?
Second hand but everything is in working condition
Do any require repairing?
No repairs required
Which assets are on lease/HP and with whom?
None
Are they presently insured?
Store, stock and assets are all insured
Strengths?
Well-known
Been around for a many a decade
Friendly service and staff
Preferred supplier to many schools in the area
Weaknesses?
High stock holding required for various schools and sizes of clothes
Opportunities?
Secure new schools
Introduce sports clothing
Introduce other school related stock
Threats?
Other retail stores in the area stock general school uniforms.
What is the reason for the sale?
Partners have other business interests.
Why is this a good business?
An 80-year-old school uniform business specialising in bespoke uniforms is a strong investment opportunity due to its established reputation, loyal customer base, and stable revenue stream.
With a strong brand, stable demand, and expansion potential, acquiring this school uniform business is a low-risk, high-reward investment.
Annual Turnover Amount between R 500 thousand and R 6 million
