The founder started the business in 1992 from a garage with two staff members and has grown since to a clothing manufacturer and nationwide apparel distributor in the Wellington and Paarl area, specialising in school, corporate, promotional, leisure and sportswear. Well-known brands have made use of this business, inclusive of Adidas, and many local schools and universities are current clients. Services offered include CMT, custom clothing design, screen printing and embroidery.
A big loss-making CMT (cut, make and trim) contract has had a negative impact on the profit of the company, but it has been re-structured and the first 6 months after the turnaround makes good reading for any investor.
Projected turnover for the 2024/2025 financial year is +/- R7 million with an NPBT of R1.2m. Equipment value is R970k and inventory averages R250k. Projected ROI is 50% +, and the business has an assessed loss to be utilised as well.
Asking Price is R2,1m.
The owner wants to retire and is looking for a person or company to take advantage of great opportunities to grow the business even further.
