Sectors / Category

Annual turnover

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  • Mandate: 33495
  • Added: 16 Sep 2019
  • AFS
  • 326

A highly successful manufacturer of sports clothing with in-house branding, embroidary and digital printing.

Western Cape, Cape Town
326
Mandate 33495
Added 16 Sep 2019
R 13,600,000* ZAR
Stock: R 1,200,000
Assets: R 5,000,000
R 395,394 ZAR
Geoff Hatt
Aldes Atlantic
Western Cape, Cape Town
Western Cape, Cape Town
Summary

This is a highly successful manufacturing company that produces quality sportswear for high performance sporting activities for individuals, teams and corporate clients. They offer in house manufacture of tracksuits, sports clothing and jacquets, for the full spectrum of sports, as well as in-house embroidery, digital printing and branding.

A highly successful manufacturer of  sports clothing with in-house branding, embroidary and digital printing.
SELLING PRICE AFS
R 13,600,000* ZAR
Stock: R1,200,000
Assets: R5,000,000
R 395,394 ZAR
Summary

This is a highly successful manufacturing company that produces quality sportswear for high performance sporting activities for individuals, teams and corporate clients. They offer in house manufacture of tracksuits, sports clothing and jacquets, for the full spectrum of sports, as well as in-house embroidery, digital printing and branding.

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Fully describe the business's activities?
A highly successful manufacturing company that produces quality sportswear for high performance sporting activities for individuals, teams and corporate clients. Offering in house manufacture of tracksuits, sports clothing and jackets for the full spectre of sports, embroidery, digital printing and branding. They also offer a wide variety of gear and accessories which can be branded with team/sports logos.

How long has the business been established?
10 years

How long has the owner had the business?
10 years - since inception.

How does the business operate on a daily basis?
Orders are received, job cards produced, manufacturing takes place under strict quality supervision, including final inspection, packaging takes place and goods are despatched by own transport or courier.

How are the clients attracted to the business?
Social media ; agents.

What Advertising/Marketing is carried out?
Very little marketing is conducted Google ads ; Facebook

Does the business have any contract work?
Minimal

What competition exists?
There is competition but this business has shown excellent growth through its quality of product and service.

What are the seasonal trends?
Winter months are quieter.

Is the business VAT Registered?
Yes - all documentation on file for inspection.

What VAT documentation is on file?
For the last 5 years

Are there up-to-date Management Accounts available?
Yes - up until August 2019

What Balance Sheet and Income Statements are available?
AFS's for 2019 are available

What percentage of the business is cash/credit?
30% cash ; 70% credit ( on account )

What is the age analysis of the debtors book?
Maximum 60 days but generally 30 days from statement date.

How could the profitability of the business be improved?
Introduce production of signage , screen printing and a greater range of promotional products. Employ a sales and marketing team to exploit the many opportunities available.

Is Seller finance available and for what amount?
No

What is the total staff complement?
+- 90 Permanent staff Up to 200 casuals in peak season.

Give a breakdown of staff/ functions/ length of service?
Staff lists with names, positions and functions are available.

Do any receive special perks or incentives?
Bargaining Council benefits.

Are they on contract?
Permanents are on employment contracts. Casuals are employed per hour as required.

Do any have management potential?
Yes - to be discussed

How involved is the Owner in running the business?
100% in an overall management position with management team in place.

When does the current lease end?
30 April 2020

Is there an option of renewal & what period?
Yes - fully negotiable

What is the annual escalation %?
8%

What are the trading hours?
07h30 to 17h00 Monday to Friday.

What is the square meters of the business?
1200 sq metres

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
One month.

What are the main assets of the business?
A full list of assets is on file.

Are any items not included in the sale?
All included

What is their overall condition?
Good to brand new

Do any require repairing?
No

How have they been valued ?
Fair market value

Which assets are on lease/HP and with whom?
Embroidary machine Land Rover Hyundai financed through Nedbank

Will Seller settle or Buyer to take over?
The Seller will settle.

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Fast turnaround times . Personalised teamwork. Can offer small production runs as well as large runs. Excellent dedicated staff. Excellent management team in place. Employment to woman - mostly single mothers who remain loyal to the business. Stable, growing turnover and cash flow. Huge opportunity to expand into other product lines . Opportunity to expand business by improved marketing and sales activities.

Weaknesses?
Staff training

Opportunities?
Invest in Vacuum Press to improve cycling wear and gym wear.

Threats?
Although not a real threat, people working from home adversely affect the market with cheap prices and quality.

What is the reason for the sale?
Owner has built up the business from scratch over last 10 years and now wants to give time to her family - children are 3 + 9 years old.

Why is this a good business?
Excellent dedicated staff. Excellent management team in place. Employment to woman - mostly single mothers who remain loyal to the business. Stable, growing turnover and cash flow. Huge opportunity to expand into other product lines . Opportunity to expand business by improved marketing and sales activities.

What is the price plus stock and the profit?
Selling Price : R 13 800 000 including stock Stock : R 1 200 000 Monthly net profit : R 425 000 ROI : 37%

FRANCHISE DETAILS

Aldes Atlantic

5 members
19 active mandates
Western Cape , Cape Town
13 Imperial Bank Terraces Tyger Waterfont
Cape Town
7441

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