Detailed financials available on request
The business employs 11 full time and 3 part time staff members although, this can increase to a total of 20 -25 during busy periods. The business is situated in a very clean and safe area east of Johannesburg which caters mainly for the clothing manufacturing industry. They manufacture high-end knitwear for the Corporate Clothing Market and supply to all the major Corporate Clothing distributors. Their end users are some of South Africa’s major Financial Institutions and State Owned Companies. They have an order book in excess of R 1m at present and this is achieved with virtually no marketing of the business. The owner is satisfied with the size of the business and order book and does not explore growth opportunities. Growth opportunities are; * Website to increase brand recognition and attract more customers. * A prominent factory shop for order overruns and attract cash customers. * Marketing of their in-house fashion brand, largely neglected in favor of corporate orders. * Marketing of products to retail and fashion stores. Over the past three years, the business has generated an average annual EBIT of R597k giving a payback period of 24 months. Stock averages +/- R70k at any one time and values will be verified in a due diligence undertaking of the business. The price excludes stock. Please contact the listing broker for more detail.