Ref. No - BFS00371
South Africa, Western CapeRef. No - BFS00371
Sector - Retail
Summary
The demand for mens accessories have grown substantially over years, and the owners of this outlet, recognized this need many years ago and hence have become a well known supplier of various mens accessories including jewellery, necklaces, leather, steel, cuffs, bracelets and rope
These products come in various colours and professionally handcrafted and in great demand
The owners have a PR company based in Cape Town to handle all their social media marketing, and the display outlet for sale is also in a well known suburb frequently visited by national/international tourists
Armo, the biggest mens jewellery brand in SA has a proven retail model with strong gross profit margins and multiple store locations throughout SA
The main head office of the group is situated in Gauteng and therefore the outlet in Cape Town is difficult manageable and therefore the reason for selling this display outlet which is a wall mounted shop of 1mx8m
The stock that will be part of the sale, is in retail value over R920,000
Give me more informationHow long has the business been established?
2018
Is the business VAT Registered?
Yes
SELLING PRICE R580,000 including stock of R920000 on retail price
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