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About this business for sale
This unique, well-established retail and manufacturing business is more than twenty years old and has built up an excellent reputation in the market.
Principal sales are PPE (Personal Protective Equipment) varying from hard hats, safety boots overalls, gloves, etc. The small-scale manufacturing includes Embroidery, Sewing (chiefly reflective overalls & aprons) and Silk-screening.
The business owner is being supported by well trained and very experienced staffs, which includes a General Manager.
Income has shown solid growth over a number of years, although sales have been affected by the slowdown in the economy. Sales from walk-in customers and other cash sales are between 30 to 40%.
The business premises consist of a show room, reception, admin offices, kitchen, and lots of storage /warehousing and manufacturing area. All storage areas fully equipped to handle stock storage and movement perfectly.
The total price of R4,390,000 (Excluding VAT, if applicable) is made up R2,390,000 (incl.+- R500,000 for Stock and an estimated Movable Asset base of R1,000,000 for the Business) and R2,000,000 (R1,000,000 each) for the two standalone adjacent Properties.
The business value includes an asset base of + - R1,000,000, including 4 x vehicles, 7 x embroidery Industrial Machines, Software Program with thousands of pre-designed logos, switchboard, computers with integrated Sage Pastel, sewing machines and miscellaneous other equipment including a generator. Ample covered parking for 10 plus vehicles. The properties have excellent Security Systems and Electric Fencing.
Regarding the two properties it is a specific condition of the Seller wanting to sell all the business interests as a total package. Therefore, the sale of the two properties and the business is to be sold simultaneously to a willing Purchaser or otherwise the two properties to be sold to a new Landlord who is willing to enter into a lease agreement with a willing Purchaser of the business, depending on the Purchaser still wanting to operate the business from the existing premises. The two each +-1100 sqm adjacent properties are well located with very good visibility and should offer good capital growth. The specific reason for this sake is retirement and more specific health issues.
EBPITD/SDE profit (Earnings before Proprietors Compensation, interest, tax and depreciation – Sellers Discretionary Earnings) is on average +/- R46,000 per month equating to a ROI of 22.9, as calculated on business value. Previously attained profits were around R115,000 per month.
This business will suit an owner wanting to work with a highly skilled and experienced staff and preferably with a flair for marketing and new opportunities.
The business offers tremendous potential to grow using it's already achieved reputation and customer base. The business is ideally suited to a well-connected BBBEE partner.
The location of the business is in the heart of the Platinum Mining Belt in the North West so conducive to a BBBEE partner who can obtain Vendor Numbers and Tenders.
Real Property Included
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