Children's Furniture Manufacturing And Retail Business For Sale

Business description

Upmarket niche hardwood children's furniture products designed to grow with the child. Core product is the adjustable Sitright chair based on a scandinavian design; babychair and children's versions available. Strong skills base in stable workforce with manufacturing and retail outlet close by in LSM 7-10 area. Excellent growth to date with huge potential for further growth with focus on marketing. Network of agents country wide. School furniture range also developed. Owner-run. Range of goods extends to nursery, bedroom, study, playroom and teen furniture; counterpart ranges in beech and MDF.

Property information

Real Estate:

Lease

Lease terms:

Negotiable

Leasehold rent:

R120 000 per annum

Location:

Manufacturing premises in light industrial/commercial business park setting; higly desirable location in southern suburbs with ample parking and good security. New building in quiet location. Well-known in the area with easy access off M3. Retail outlet in nearby up-market niche shopping centre with Woolworths and Pick'n'Pay as anchor tenants. Excellent visibility with top schools immediately nearby. Surrounded by a number of private residential security estates whose residents are amongst the target market.

Premises details:

Retail outlet in Steenberg Village next to top restaurant with high visibility. Large amount of passing trade and easy parking for customers. Brightly lit at night. Shopping centre filled to capacity both day and night. Glassed building allows showcasing of products and forecourted area provides safe and easy access for customers with children. Child-orientated businesses both sides of our premises.

Size in square feet:

Manufacturing 190m2 Retail 25m2

Other information

Expansion potential:

Our country wide network of agents is poised to market the full range of our furniture; up till now they have only been given the mandate to sell the Sitright chair. The bulk of our sales are local but we have recently expanded into the Johannesburg and Durban market and have shipped to many other outlying areas of the country. We have recently been awarded a contract by the Cape Grace hotel for nursery furniture. The hospitality industry and interior design industry have just started to become aware of us recently and this represents an excellent opportunity for expeansion. Our national operations are ripe for expansion and we have not as yet touched the export market. Our range of school furniture has not been marketed beyond being visible on the website. Our web listing is currently being attended to in terms of promoting our Google ranking.

Competition / Market:

There are various children's furniture manufacturers in Cape Town but none are manufacturing in hardwood and none offer the breadth and scope of design that we do. We are the only company to manufacture the Sitright (tm) chair and the only South African manufacturer of Montessori school furniture. Our range of products is very comprehensive and goes far beyond the "gimmicky" look of average children's furniture. Quality and classic lines together with design innovation sets us apart from our competitors. Apart from Treehouse and Wetherlies we are the only company who manufactures and retails their own products. However our quality and attention to detail and design puts us in a class of our own.

Support & training:

Owner and key staff available to ensure smooth transition over the first few months of new owners operating with extended period of availability for consultation if required. On-site orientation and training will be given. Key employees would be contracted in if required to ensure skills base guaranteed. Business to be sold as a going concern with current staff in position. Business virtually self-sufficient in terms of daily running with minimal owner supervision required.

Reasons for selling:

Re-locating to the UK and going back into medicine full-time. 5 small children with attendant demands require priorities to be re-arranged.

Trading hours:

Mon-Sat manufacturing, close 1pm Saturdays
7 days a week retail, half day Sundays.

Furniture / Fixtures value:

R120,000 (included in the asking price)

Inventory / Stock value:

R550,000 (included in the asking price)

Website:

www.sitright.co.za