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Textile Printing Embroidery Services In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R5,500,000
Sales Revenue:
R9,767,000
Cash Flow:
R2,200,000

The Sale Price is R5.5m (excl stock of some R20 000 being inks/packaging, as clients supply other materials), with a Net Profit of R2.2m off a T/over of R9.76m for the 2020 Financial Year (inclusive of depreciation & personal addbacks); with assets that were purchased at some R7m (some as recently as 2020), depreciated to some R3.5m & worth some R3m at least on the 2nd hand market.
Textile printing (screen, rotary & pad), heat pressing, sublimation, embroidery & sticker, service supplier to the clothing industry. Long established client base, being added to continually. Clothing overalls, caps, bags, banners, etc etc

Property Information

Real Estate:

Real Property Included

Premises Details:

Very suitable factory in the Outer West area of Durban. The seller owns the building & is looking to lease the main portion to the Business Purchaser at the present rate of R42 000pm +9% escalation rate, or sell it for R6.5m (including the 2nd portion being rented out to a separate party at R28 000 pm).

Business Operation

Reasons for selling:

retiring

Trading hours:

5 and a half days a week - 2 shifts

Employees:
2 divisional managers, 5 admin & graphic designers, & 55 factory staff .
Years established:
2008 by owner

Other Information

Support & training:

Owner can assist in all regards - but managers & staff operate the business when the owner is away

Contact Information

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