Own well-established retail shop
MANZINI – If you are interested in investing this year, an opportunity is available to procure a retail shop.
The retail shop, which is located at Manzini, Cathedral Centre, is up for grabs. It is in close proximity to three tertiary institutions, two colleges, and numerous other businesses which make it ideal for investors as walk in clients are guaranteed on a daily basis.
The business has been operational for the past 10 years and boasts of CCTV cameras, display shelves, storeroom for storing packed items such as, dresses, shoes, jewellery, toys and furniture fittings among many items.
Advice
The incumbent owner of the establishment when asked what advice she would give to an aspirant owner, she said cleanliness and professionalism were what attracted customers to his establishment.
The business is sold with its stock which is in excess of E160 000. On the other hand, the owner said the price shall be availed to an interested buyer upon enquiry.
The incumbent owner said she was selling everything there to the new owner to have a smooth running of the facility.
An entrepreneur who has been running retail shops for over five years said a retail shop was the easiest business to run.
She said what was essential was to work hard on retailing high volumes on a daily basis, as the business was licensed to operate six days per week.
The entrepreneur said the advantage of this establishment being sold was that it already had goodwill.
“It is advisable to have your butchery located in a place with high human traffic, e.g. near a bus terminus or a busy street,” she added.
Retail shop sell shirts, T-shirts, Jeans and jewellery among many things and have a potential of generating a minimum of E9 000 per month and an average of E20 000.
landlords.
2. What is your risk tolerance?
In a startup retail business, you worry about being in the right place at the right time with the right goods and services for the right people at the right price. Do you adjust quickly to unplanned events or prefer more predictable, organised projects? Do you see risk as a threat or an opportunity?
3. Do you count on a paycheck?
New business owners can rarely count on a regular pay cheque. Startups frequently require more capital than planned. Something’s bound to go wrong or change even though everything is pencilled out in your plan.
If you break out in a cold sweat if you aren’t paid on the same day every month, you may want to rethink going out on your own. Most of the money you make will go right back into inventory and other costs of doing business.
4. Are you a self-starter and comfortable being alone?
Or do you draw your energy from being around others and count on colleagues for support and advice? In your own business, you must lead, knowing what to do and when to do it, and be fully accountable for everything that happens. The buck stops with you. Sometimes that is a lonely place.
5. Do you value predictability or prize diversity?
Not only are there laws against discrimination in hiring and business practices, but America is a multicultural society.
When you open your store or service company, you will be interacting with a wide spectrum of customers, vendors, advisors and employees. Retailers need to be people-oriented, flexible and good-natured. Can you manage conflict, see things from others point of view, and cater to their taste, not yours?
How to begin your business
All businesses require dedication, determination, enthusiasm, flexibility and perseverance. Consumers today have a tremendous sense of well-being and wealth, but you should be prepared for a sharp or prolonged decline on Wall Street, a rise in interest rates or signs of a slowing economy, which could cause Americans to curb their buying.
There are all sorts of things that can turn people away from shopping, so plan for good times as well as rocky ones. If you want to get into a retail business because times are good, you may want to think again. If your passion for going out on your own and dealing directly with the public is not extinguished by the prospect of difficult times, read on.
Will you launch your own business or buy an existing one? Perhaps you’re thinking about buying a franchise or a business opportunity. Whichever way you decide to go, keep the following in mind.
Buying a Business
The kinds of businesses you can purchase include franchises, business opportunities, network marketing systems, and existing independent businesses. Here are some facts and figures you can factor into your decision-making process.