Light Manufacturer In Durban Wholesaler To Largest Retailers For Sale

Business description

This strongly growing business imports both raw and finished goods for finishing and wholesaling to the top retailers in South Africa, concentrating on a narrow band of high volume items.

Debtor days are typically around 45, and stock holding is 100 days, thereby requiring significant working capital. This is not an acquisition for the feint hearted, highly geared individuals, or those living on the edge; but probably more likely to the taste of private equity or industry purchasers. With its strong growth, and even on rising profits, it will strain the cash flow of those not able to draw on meaningful resources from time to time, as for any strongly growing business.

The business is centred in KwaZulu Natal, but has offices in Cape Town and Johannesburg. It has management in place to replace the current owner, and is looking towards further growth with its excellent team of professionals.

There are some interesting financing options to be taken for an offer of the right price. We'll tell you more once you qualify yourself.

Property information

Real Estate:

Lease

Location:

Durban head office and factory.
Sales representation to main customers in Cape Town
Regional repsresentation in Johannesburg

Premises details:

Rented

Business Operation

Expansion potential:

It continues to grow and grow and grow on the back of increased sales per line, increased number of lines, and expansion of retail outlets of its customers.

Competition / Market:

Lots of alternatives, but the business has positioned itself well above the riff raff. It is considered a premier supplier to the biggest retailers in the South Africa.

Reasons for selling:

The owner is suffering from a severe health issue which requires that he make a move from an environment which he finds very stressful.

Trading hours:

Normal factory hours

Employees:

50

Years established:

8

Other information

Support & training:

Hand over as required, but the main players will remain in management. The current owner will exit in a managed way in deference to the new owner.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Inventory / Stock value:

R6,000,000