Fully describe the business's activities?
They provide corporate and sport clothing/equipment that is then embroidered or printed with the relevant name and/or logo of the client being other businesses, schools, sport clubs and societies. The business is equipped with all software, programmes and equipment to do the printing and embroidering on all types of fabric and clothing.
How long has the business been established?
The owner started the business in 2008.
How long has the owner had the business?
How does the business operate on a daily basis?
Orders normally comes through the owner, from where the planning is done to accommodate the clients and their specific needs and delivery times. When the owner is not available the staff will do the ordering, scheduling and delivery to the customers.
How are the clients attracted to the business?
Local newspaper advertising and word of mouth.
What Advertising/Marketing is carried out?
Visiting of repetitive clients. Social media and newspaper adds
Does the business have any contract work?
What competition exists?
3@1 in town.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
50% cash as the clients are mostly corporate and EFT's.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Huge gap exists in the market that is not currently addressed. They have the ability to print billboards and reproduce and enlarge photographs but it is not currently done. They can also do larger volumes of the current service activities.
Is Seller finance available and for what amount?
What is the total staff complement?
The business has 3 x staff members in addition to the owner.
Give a breakdown of staff/ functions/ length of service?
1 x Embroiderer 1 x Printer 1 x Assistant
Are they on contract?
How involved is the Owner in running the business?
100% but the owner do leave the business from time to time to spend time on other commitments.
When does the current lease end?
Open ended contract.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Mon till Friday 08h00 till 17h00
What is the square meters of the business?
60 to 70 Sqm
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
Equal to one months rent.
What are the main assets of the business?
Machines and software.
What is their overall condition?
Do any require repairing?
No, all machine are serviced regularly.
How have they been valued ?
Second hand market related.
Which assets are on lease/HP and with whom?
Are they presently insured?
Operates in the same area or town since the doors opened 10 years ago. It is well established and is very well known in the area.
Not really anything to mention.
Apart from the normal embroidering and textile printing, there exist a big market for sublimation transfer printing. There is also still a big gap in the market for outdoor design and printing eg, corriboard, vinal and cromadek.
What is the reason for the sale?
The owner is relocating.
Why is this a good business?
There are not many businesses in this price range that has the same opportunity for growth and expansion. The business is solid and has proven to be a business that is useful and a service that is needed in the community and area of operation.
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Annual Turnover Amount between R 500 thousand and R 6 million