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Business Details
Manufacturing
REF: BIZ61434
Listing
Date:
07-10-08
Turnover:
R 1 500 000
Asking Price:
R 1 000 000
Annual Gross Profit:
R 0
Property Included:
No
Annual Net Profit:
R 504 000
Category Description:
Screen printers and Embroidery
Lease Term:
To be negotiated (Property is owned by the business owner)
Lease Details:
Rental Amount:
R 5 500
Staff Details:
No Full time Staff:
5
No part time Staff:
2
Reason
For Selling:
The owner is in a partnership with his mother and she wants to retire. After 15 years he would also like to try something new
Business History:
The business has been operational for many years. The current owner worked for the previous owners and purchased it from them 15 years ago.
Turnover
Details:
The business turns over R 1 500 000 per annum
Asset Details:
There is a full list of assets available which are valued at approx R 450 000.00. Debtors List is R 150 000.00. Suppliers list is R 100 000.00.
Working Capital
Requirements:
R 100 000.00
General Comments:
This business is the only one of its kind that does both screen printing and embroidery work in house. They have regular customers that include a company called Exetex, the University of KZN and D.U.T. The business is ideally situated and well known in the industry.