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Annual turnover

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  • Mandate: 35374
  • Added: 07 Jun 2022
  • AFS
  • 163

Baby clothing manufacturer with online store

Gauteng, Johannesburg
163
Mandate 35374
Added 07 Jun 2022
R 700,000* ZAR
Stock: R 380,000
Assets: R 304,856
R 6,850 ZAR
Rudi White
(PRINCIPAL)
Aldes Album
Gauteng, Roodepoort
Gauteng, Roodepoort
Summary

This business manufactures baby clothing, 18 to 24 months, and sells through an online store and other online stores

SELLING PRICE AFS
R 700,000* ZAR
Stock: R380,000
Assets: R304,856
R 6,850 ZAR
Summary

This business manufactures baby clothing, 18 to 24 months, and sells through an online store and other online stores

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Fully describe the business's activities?
This is a baby clothing manufacturer supplying well known companies as well as selling their products through their own online store. The online business is a baby boutique which started as an answer to a need for quality preemie clothing. Over time, they have grown to incorporate a full Summer and Winter range of baby clothing, as well as personalised clothing, baby blankets and wholesale baby clothes. They have their own CMT service (cut, make, trim service), which affords them the freedom to create our baby clothing on a large scale

How long has the business been established?
Since 2009

How long has the owner had the business?
Since 2009

What is the average KW usage?
1,187 per month

How does the business operate on a daily basis?
Online orders are downloaded and invoiced throughout the day and sent through to dispatch. Cutting orders are placed in the morning for the cut throughout the day Machinists manufacture products and finishers complete products Completed garments are sent through for packing and dispatch Once the orders are ready they are packed for delivery and courier is notified. Customers are notified of delivery date and tracking number.

How are the clients attracted to the business?
Google ads and social media Monthly newsletter to wholesalers and online customers

Does the business have any contract work?
The company has a wholesale division that supplies other online shops and 1 hospital and promotional items from advertising agencies.

What competition exists?
Other baby clothing companies online - Poogy Bear, Tiny Neccesities, Lullaby Rock

What are the seasonal trends?
Summer and winter ranges to cater for season. Closed from 15th December to middle of Jan

How did the Covid-19 pandemic impact the business turnover / daily operations?
Minimal

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Vat certificate and bi-monthly returns

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Monthly management accounts Annual statements up to 2021

What percentage of the business is cash/credit?
80% cash/ EFT and 20% on credit

What is the age analysis of the debtors book?
30- 60 days

How could the profitability of the business be improved?
Increase turnover of current range and expand size curve (older children) This business only goes up to 24 months Exports

Is Seller finance available and for what amount?
No

What is the total staff complement?
14

Give a breakdown of staff/ functions/ length of service?
1 x owner/manager 1 x admin/assistant manager 6 x machinists 3 x finishers 1 x embroiderer 1 x dispatch clerk 1 x cutter

Do any receive special perks or incentives?
No

Are they on contract?
All are permanent employees

Do any have management potential?
The business has a manager in place

How involved is the Owner in running the business?
Owner run and managed

When does the current lease end?
Owner of business owns building as well. The building can be rented but is also up for sale at R1 350 000.00 (municipal valuation)

What are the trading hours?
Mon- Thurs: 7.30-4pm Fr: 7.30-2pm

What is the square meters of the business?
400m2

What are the main assets of the business?
1 x 2-head embroidery machine 3 x overlockers 3 x plain machines 1 x cover seam 2 x binder/cover seam machines 1 x large cutting table and straight knife cutter 1 x boiler with two irons 2 x stud machines 1 x heat press Numerous racks,tables etc

What is their overall condition?
Fair

Do any require repairing?
No

How have they been valued ?
Second hand market value

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Quick turnaround time for production Good quality Online orders dispatched within 3-5 days Niche market range (blanks) Strong online presence been around since 2009

Weaknesses?
Limited to baby range ( 0-24mths) Access to printed knitted fabrics due to large minimum quantities

Opportunities?
Increase size range to older children Export

Threats?
Chinese imports Chain stores

What is the reason for the sale?
Owner retiring

Why is this a good business?
We have the capabilities to manufacture products from start to finish. Well trained staff Strong online presence with well established systems

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AGENCY DETAILS

Aldes Album

1 members
9 mandates
Gauteng , Roodepoort
Weltevredenpark
Roodepoort

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