Detailed financials available on request
They have however outgrown the home environment and the owner would strongly suggest to any prospective buyer to consider relocating the business to a more suitable facility. Provision for rental was made in the valuation of the business. They have invested in their own assets which allows them to manage their client deadlines and deliver to timelines as promised. They have two embroidery machines, two sewing machines, one wide format printer, a heat press, laminator and cutter. They have an experienced team in place and the two owners, a husband and wife team, is active in the business. They are being pressured by their clients to improve their BEE rating and as the owners are from the previously advantaged group they are unable to comply. They do have a (Pty) Ltd registered with limited BEE ownership which they use for promotions twice a year. The owners have decided to sell the business and emigrate. This is an ideal opportunity for a BEE investor to take advantage of the client's need for BEE suppliers and gain long term contracts. EBPITDA 2017 R 1,283,946.00 R.O.I. 61%/1.63 Payback 20 months Price excludes VAT but transaction can be zero rated depending on purchasers VAT Status.