Fully describe the business's activities?
This established business is a successful event planning, production and management company. They specialize in weddings, corporate hospitality and festive events. The business is committed to quality and efficiency, having successfully created a strong track record and wealth of industry knowledge over the past 25 years. The business offer an extensive range of event decor for hire, including: Tables, Chairs, Cutlery, Crockery, Table cloths, Runners, Serviettes, Chair covers, Vases, Candle holders, Candles The business specializes in themed decor and can arrange an event with a theme ranging from Moroccan through to contemporary, branded and tribal African.
How long has the business been established?
The business has been established for 25 years
How long has the owner had the business?
The owner has the business for 25 years
How does the business operate on a daily basis?
Enquiries are received from the website via email and telephone. Every client receives personalized attention to ensure their event is created and managed to the highest standards. The business carries a large volume of stock to create themed events in-house.
How are the clients attracted to the business?
Clients are attracted through word of mouth and the website.
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
This business is one of the most established and respected businesses and is the leading business of its kind. Other smaller companies exist however they work together to assist each other.
What are the seasonal trends?
There tends to be more sales during the months of October - February
Is the business VAT Registered?
Yes the business is registered for VAT
What VAT documentation is on file?
Yes, available on request
Are there up-to-date Management Accounts available?
Yes, August 2019, available on request
What Balance Sheet and Income Statements are available?
Yes, February 2019, available on request
What percentage of the business is cash/credit?
90% cash 10% credit
What is the age analysis of the debtors book?
Available on request
How could the profitability of the business be improved?
The business needs fresh energy and new marketing initiatives. The website can be updated.
Is Seller finance available and for what amount?
What is the total staff complement?
A total of 12 permanent staff members
Give a breakdown of staff/ functions/ length of service?
The staff members consist of: 2 x Owners 1 x Manager 9 x General Workers
Do any receive special perks or incentives?
Yes, they receive a 13th cheque
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is 100% involved in the business
When does the current lease end?
The current lease ends in June 2020
Is there an option of renewal & what period?
Yes renewal option is available
What is the annual escalation %?
The annual escalation is prime + 1%
What are the trading hours?
Mondays to Saturdays 08:00 - 17:00
What is the square meters of the business?
900 square meters
Is a copy of the lease available?
Yes, available on request
Do you require a licence?
What lease deposit and/or other surety is required?
Yes deposit is required
What are the main assets of the business?
The main assets of the business is the stock to be rented out
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
No repairing is needed
How have they been valued ?
Accountant / lawyer valuation
Are they presently insured?
Yes insurance in place
Well established and long-time operating in Bloemfontein. Well trained staff and years of experience in the wedding and function equipment industry. Huge office space with a very large stock.
Owners want to retire. Needs new / fresh energy.
Marketing campaigns as the current owners only operated on word of mouth and face book. Diversification and the introducing of more products and services.
Economic circumstances in SA and also the number of competitors in the market. Barrier of entry low.
What is the reason for the sale?
The client is retiring
Why is this a good business?
This business has been awarded with the BEST BUSINESS IN BLOEMFONTEIN AWARD 2019 Profitable and the potential to expand rapidly. Well established and operating in Bloemfontein for years.
What is the price plus stock and the profit?
R2 400 000.00 - Selling price R 240 000.00 - Commission
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