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Leading Suppliers Of School Uniforms And Corporate Ties For Sale

The business is located in rented premises in Syde, Gauteng, South Africa
Asking Price:
R3,500,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This business was established in 1978 and has since become a leader in its field of supplying school uniforms and corporate ties. It is now a second generation family business, and still carries the tradition of quality, service, and price. Their strong work ethic and values has enabled them to form lifelong partnerships with their clients over the past 43 years. The company serves 3 core markets, those of School Shop Retailers, Uniform Stockists, including the Security Industry and lastly Corporate Clients. Their market stretches nationally across South Africa, including a client base in Namibia, Botswana, Zimbabwe and Mozambique.
Their products include various items such as, School and Corporate Neck Ties, Scarves, Badges and Scrolls, Security Flashes, Epaulettes, and lastly an ad hoc supply of Headwear, Conti Suits and Boiler suits. The manufacturing of all their products is outsourced, and the company has forged very strong relationships with their suppliers, both local and international, and is viewed as major client to these suppliers, and hence they enjoy preferential pricing and terms. The sales of their products are generated through National Sales Agents, Digital Media and their Website including Social Media Campaigns, for which the company has a comprehensive database of their respective markets, through which they communicate various marketing outreach initiatives regularly. Although the company was affected by the various Covid Shutdowns as were most businesses, their recovery has been very good, and there has been hardly any bad debt experienced, which in fact has been the case for the company over the many years they have been operating, and the business has no Debt!
This business is an excellent opportunity for an Owner/Operator to procure a profitable operation of many years standing, with an excellent reputation and with lots of room for more growth, which growth can be achieved by adding more products such as additional school wear, more corporate wear as well as more personal protective wear and security accessories. At present the Seller is receiving an average monthly Net of R100k, after expenses. A brilliant business built on a solid foundation which is an opportunity not to be missed!!

Property Information

Real Estate:

Lease

Location:

Well located in the Northern suburbs of Johannesburg.

Business Operation

Reasons for selling:

The owners are intending to emigrate as soon as the business has been sold.

Trading hours:

The Company trades during normal office hours, 5 days a week.

Employees:
The company employs a total of 4 permanent employees, which includes, administration, internal sales, logistics and delivery.
Years established:
The business was started 43 years ago, and and is still owned by the same family.

Other Information

Support & training:

The Sellers will stay on for a short period to be negotiated, in order to train the new owner in the way the business has been run by them, and to help with a smooth transition.

Furniture / Fixtures value:
R200,000 - included in the asking price
Inventory / Stock value:
R800,000

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