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ID: 139 Arrow CAPE TOWN -UPMARKET BRANDED LADIES COMFORT SHOE MANUFACTURER FOR SALE IN CAPE TOWN
Hot Offer!!
Financial Information
Price:  R 3,750,000  
Total Annual Sales:  R 14,000,000
Stock:  R 1,200,000
Assets:  R 2,750,000
Category: Manufacturing
Province: The Western Cape
Total viewings : 518
Description
LADIES UPMARKET SHOE MANUFACTURER IN CAPE TOWN-The factory has been operating for 30 years with the brand well established in its market niche – focused on females 35 years and older that want comfortable shoes that are not frumpy. The business currently supplies mainly independent retailers and has a customer base of +150 and supplies +- 100 of those on an ongoing basis. The factory is fully management run, and has just been updated with a lot of the latest manufacturing equipment available to the market. Currently manufacturing between 400-500 pairs of shoes per day, with a capacity of between 750-850 shoes per day with the current resources. The business has put in 4 x applications to DTI & IDC which will most likely be granted
Business History
Form of Ownership
cc

Year Established
1980

Year of Acquisition
2010

Business Operations
Trading Hours
5 days 8.00-5.00

Full Time Employees
50

Contract Employees
29

Reason for Sale
Owner owns the building , with a lot of other properties - his business is in property and wants to focus on his strengths.
Growth Opportunities
The business has been “revamped” with equipment, processes and structure and is growing well. There are various opportunitirs for potential buyers to purchase thsi business. 1. To buy the factory and expand by opening retail stores in profile specific areas. Eg Green Cross. (It was indicated to me that Green Cross have a turnover of +- R4mil a month) 2. Endeavour to get corporate retailers with the relevant customer profile to stock the Brand 3. That a corporate, with the relevant customer profile ,purchase the factory and have their own exclusive Brand which already has a customer base.(The factory is fully management run and only needs strategic management and financial control.) To me , this would be the preferred sale, as scorporate have the resources to market it properly) and currently with a factory turnover of R15mil turnover equates to R30mil Retail Turnover with 50% margin.
Business Location
Area
Cape Northern Suburbs
 
Country
South Africa
 
 
Business Premises
Industrial Space
 1,480 m²

Lease Term in Years
5.00

Other Important Details
VAT Registered
:Yes

Financials up to date
:Yes

Employee Contracts
:Yes

Internet Connection
:Yes

Telephone Lines
:Yes

All assets on file
:Yes

Alternative power
:Yes

Security
:Yes

In Industrial Area
:Yes

Training /Support
:Yes

Business Broker Contact Details
Name
Richard Owen Thomas
Phone: (+27)82-5613471
Mobile:  (+27)82-5613471
Fax: 0866554695
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