021 552 1018

info@scsgroup.co.za

Price Range: From To

Multi-brand Sneakers Retail Chain For Sale

R9,000,000

Business Description

A family-owned and operated business that has long-standing agency credentials with major sneaker brands including Adidas, Nike, Puma, Vans and many others. Today it’s the retail focus is built around the basket-ball culture which resonates with its target market – Young, fashion-conscious male and female. It is a multi-brand specialist sneaker retailer carrying a broad spectrum of the latest brands and associated apparel.

Business Details

  • Property ID: PER204
  • Price: R9,000,000
  • Turnover: R26mil
  • Actual Profit/Year: R5mil
  • Turnover range: R10mil+
  • Profit range: R3mil-R6mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Family members have new and differing business objectives
  • Business history: 25 years (same owners)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: Negotiable
  • Premises Details: 5 fully fitted and equipped stores (60 sqm) in selected shopping malls
  • Rent & lease terms: Combined R216k per month (including ops costs and utilities)
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Furniture/fittings/computer equipment—Cost value R500k
  • Stock included in sale: No
  • Value of stock: R4.5 million
  • GENERAL COMPANY INFO:

  • Employees: Stores - 8 permanent + casuals. Management - 4 family members
  • Trading hours: Standard shopping mall hours - 9am—6 /7pm. 9am - 3/5pm on Sundays
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Cape Town
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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