Fully describe the business's activities?
The business specialises in the supply of large volume corporate and customised clothing and gifts to corporate companies, SME's, government departments, schools, clubs and a wide variety of different customers from all walks of life in need of various clothing items and uniforms. Trinity Embroidery and Cross Clothing were established in December 2004, with one six head industrial embroidery machine. In 2010 the business as it is today was formed with a merger. The company has grown from a client base of 1 customer working out of their small holding to having factory & 2 outlets. The business has a large client base including quality corporate clients. There is no product that the company cannot source and supply. The business is the leading and largest vertically integrated corporate and gift company in Africa.
How long has the business been established?
How long has the owner had the business?
Since 2010, after the merger with the sellers wifes business.
How does the business operate on a daily basis?
Clients will source and then place orders for their needs and these are customized and or supplied from stock.
How are the clients attracted to the business?
Some advertising takes place. Due to age of business word of mouth, old clients result in orders.
What Advertising/Marketing is carried out?
Limited advertising focusing on related print media, regular newsletters as well as Expos . Investment here will definitely grow the business.
Does the business have any contract work?
What competition exists?
There are some , however the businesses range and varied product offering do differentiate them.
What are the seasonal trends?
Driven by the economy.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
How could the profitability of the business be improved?
Focus on growth through more advertising, marketing and sales staff
What is the total staff complement?
Are they on contract?
How involved is the Owner in running the business?
Business is run by husband and wife team.
When does the current lease end?
A new ease will be signed by any purchaser
Is there an option of renewal & what period?
This will be part of the new lease. Current market trends are at 7-8%
What are the trading hours?
M-F 8-5 Sat 8-12
What are the main assets of the business?
Embroidery machinery, screen printing equipment shelving, & motor vehicles
What is their overall condition?
Which assets are on lease/HP and with whom?
Motor vehicles will need to be re-financed
What are their settlement amounts?
Will change as time passes
Will Seller settle or Buyer to take over?
If needed the seller will settle with a price adjustment to the business
Are they presently insured?
Well established, wide range of products, good supplier base, wide ranging revenue stream
The option to roll out franchises, increase marketing and appointing sales staff
What is the reason for the sale?
Sellers are emigrating
Why is this a good business?
Great business, well established, has growth opportunity. Fantastic price!!
What is the price plus stock and the net profit?
R4,700,000 plus stock
Annual Turnover Amount between R 500 thousand and R 6 million