Fully describe the business's activities?
Award winning service provider in the wedding stationery industry - 27 years established, specializing in invitations for weddings, birthdays, any special occasion as well as gift wrapping and craft accessories. Other personalized items include printing of candles, gift boxes, bridal showers, baby showers and funeral programs.
How long has the owner had the business?
The owner established the businesses in 1991 and has been in the same mall all the time.
How are the clients attracted to the business?
Clients are attracted by word of mouth and passer by trade.
What Advertising/Marketing is carried out?
Marketing on social media - website, Facebook, Instagram, Pinterest and marketing done through the Mall.
Is the business VAT Registered?
No, the business is not VAT Registered.
What percentage of the business is cash/credit?
All suppliers are paid COD and once an order is placed for i.e. wedding invitations a deposit of 50% is paid on order and the balance on collection.
How could the profitability of the business be improved?
Expanding info office stationary Engraving - glass, mugs, T-shirts, photo frames etc Wedding planning Event planning
What is the total staff complement?
The staff currently works flexi time and is willing to negotiate working hours.
Are they on contract?
Staff are permanently employed.
How involved is the Owner in running the business?
The owner is hands-on and involved on a daily basis, does the designing and printing of the invitations.
When does the current lease end?
The current lease expires November 2019. NOTE: THE SELLER IS CURRENTLY IN NEGOTIATION WITH THE LANDLORD TO POSSIBLY LOWER THE RENT WITH R10 000 PER MONTH.
What is the annual escalation %?
Annual escalation of 8%
What is the square meters of the business?
Size of premises about 80 sqm
Is a copy of the lease available?
A copy of the lease is available.
What lease deposit and/or other surety is required?
Lease deposit equal to 1 months rental.
How have they been valued ?
Assets was valued by the seller at fair market value.
Long established business Good name in the market Well known in the wedding stationery industry Loyal clientele Prime location in the mall
The business was relocated by the landlord in May 2017 . However, after recovering in is felt that this is actually a better location.
Once the renovations have been done, their will be more businesses including Dischem, Pick 'n Pay as well as an apartment block. Expanding info office stationary Engraving - glass, mugs, T-shirts, photo frames etc Wedding planning Event planning
There are currently renovations being done at the mall.
What is the reason for the sale?
The seller has had the business for almost 30 years and wants to retire.
Why is this a good business?
Great little business to build on for a wedding planner / event planner.
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Annual Turnover Amount between R 500 thousand and R 6 million