021 552 1018

[email protected]

Price Range: From To

Business Description

Manufacturer of unique leather handbags using real game leather. A distinctly African fashion collection aimed at the foreign tourist market.

The business has reliable sources of supply and strong distribution channels.

The pandemic devastated the tourism market but the business survived and is ready to gear up for when the tourists return.

It now presents an excellent turnaround opportunity for an enterprising entrepreneur who is willing to invest time and capital.

Business Details

  • Price: R1,000,000
  • Turnover: R 1 200 000
  • Actual Profit/Year: R 480 000
  • Turnover range: R 1 200 000
  • Profit range: R 480 000

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: The owner wants to retire. Does not have the energy to rebuild the business
  • Business history: In operation for 24 years
  • Expansion potential: Pre- Covid turnover was three times as large at R9 million. The business will be ready to gear up as tourists return.
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 125 m2 | The factory was downsized during the pandemic and can easily be relocated once as demand returns
  • Rent & lease terms:
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: R 2 000 000
  • Stock included in sale: No
  • Value of stock: R 800 000
  • GENERAL COMPANY INFO:

  • Employees: 9 presently. was previously 32
  • Trading hours: 8am - 4pm. 5 days per week.
  • Support & training:
  • CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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