Price drop to R600k - An attentive owner can regain past Turnovers of R3.5m, that the mostly absent present owner has let slip past, not to mention incorrect pricings.
Long established corporate wear & promotional gifting supplier operating from Durban through an excellent online portal, as well as, direct existing client interaction.
Products include : corporate & protective wear, as well as, gifts & hampers – all with the appropriate promotional branding thereon, thereby building strong brand connections in the market place.
Some 5 clients are highly repetitive (& big names, with 3 outside of KZN), with some 20 being repetitive (many as a preferred provider) & 300 more ad hoc, who over many years have ensured a consistent annual turnover of around R1.5m, with the highest being R3.5m in 2019. Most pay some 50-65% upfront ordering.
All systems & processes are in place to service the existing clients & enquiries/orders coming through the website, in respect of the over 250 products from their established supplier base.
This business is an excellent base from which to expand the client base, with little additional effort or cost, or employ a sale targeted individual to substantially grow the business.
The PTY is VAT registered.
- Asking Price:
- R600,000
- Sales Revenue:
- R1,500,000
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Existing premises in a good Durban neighbourhood are available or the business could be moved and could easily be operated from home as limited space is required.
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
The owner is retiring and likely to spend most time outside of South Africa, but will remain available to assist if required.
- Employees:
- One experienced assistant who has managed the business while the owner has been away over the years (1 month x 3 times a year), will remain in the business if the buyer doesnt wish to handle the business alone, which is possible. .
Other Information
- Home based:
- This business can be run from home
- Relocatable:
- This business can be relocated
