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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
Real Property Included
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).
5 and a half days a week - 2 shifts
Owner can assist in all regards - but managers & staff operate the business when the owner is away
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