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Manufacturer of Baby and Toddler Furniture

PROFILE
Description:		Well established baby and toddler furniture manufacturing business with a national repeat client base. Existing website, online sales and presence on Facebook, with close to 138,000 FB followers, as well as Instagram. CNC Router with existing designs and software with all other equipment like woodworking tools, paint booth and generator as well as 3m Trailer for deliveries included. Well trained staff with ability to operate independently in the manufacturing process. Established to manufacture existing range as well as custom made furniture.
Industry / Sector:		Manufacturing

LOCATION
State / Province:		Western Cape RSA
City / Town:		Strand
Location / Area:		Strand
Portability:		CNC Machine will need to be re-located

PRICE
Asking Price:		R 550 000
Conditions:		Cash

FINANCIAL & OPERATING INFORMATION
Turnover:		R 100 000 per month
Profit:		R 23 000 per month
Annual Return:		50 % per annum
No. of Staff:		3
Year Established:		2016
Legal Persona:		Private Company (Pty) Ltd
Other Information:		GENERAL OPERATIONS Baby furniture is manufactured on order via the web site or walk in customers. We manufacture cots, compactums, beds, chest of drawers, book cases, etc. All custom made furniture as well from pictures and Pinterest. Furniture designs are drawn on software and then cut out on a large CNC router machine. The carpenter builds the furniture and then it is off to sanding and painting. We deliver in the greater Cape Town areas and courier to the rest of SA. PREMISES Leases in place until April 2025. Lease can be renewed. ASSET STRUCTURING Fixed assets include Bleu Elephant ELE 2023 CNC router machine. Industrial dust collector, Industrial table saw with separate dust collector. Radial arm saw with dust collector. Thickness planer. Small table saw, hand tools and drills. Also a painting booth and compressor. A 3m licensed trailer. Value estimated at R385000 STOCK VALUATION Not significant stock on hand. About R10 000. STAFFING 1 x Carpenter, 2 x Sanders and one Painter NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT Should be computer literate. Need to be able to draw and create tool path. In-house training will be supplied. MARKET and CUSTOMERS All pregnant moms and parents with children. Custom build requests. The brand has around 180 000 followers on Facebook and expanding. Online customers and repeating customers. OPPORTUNITY for GROWTH There are opportunities for expansion in opening a shop or showroom. People want to see the products. LIFESTYLE ISSUES Trading hours. - Monday to Thursday 08:00 to 17:00. - Fridays 08:00 to 16:00 REASON FOR SALE Health issues are the primary issue and we also want to re-locate to be closer to family. NON-DISCLOSURE AGREEMENT Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact on staff issues and/or effect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved. AVAILABILITY of AUDITED FINANCIALS Financials are up to date. SARS and CIPC are up to date. DUE DILIGENCE No DD has been performed. All receipts are labeled and are filed and available. SALE CONDITIONS Outstanding orders will transferred to the new owner with a settlement of deposits that have been paid to the new owner. PROOF of FUNDING REQUIREMENT A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase. The seller will not provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided. HANDOVER ARRANGEMENTS and TRAINING There be a stay-on period and/or pre-handover training. Manuals, recorded operating procedures, Software training etc.

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Record ID: 2888

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