Sectors / Category

Annual turnover

  • Mandate: 33762
  • Added: 09 Dec 2019
  • AFS
  • 657

Wedding and Function Planning Business in Bloemfontein

Free State, Bloemfontein
Mandate 33762
Added 09 Dec 2019
R 2,640,000* ZAR
Stock: R 0
Assets: R 478,395
R 39,148 ZAR
Pierre De Klerk
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein

Wedding and Function Planning Business in Bloemfontein
R 2,640,000* ZAR
Stock: R0
Assets: R478,395
R 39,148 ZAR

To gain access to more business info
please supply us with your details below

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?
Very good

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

Other listings by Pierre
R 3.10MZAR
Added : 15 Sep 2020 110
Yearly profit: R1,191,095
Free State
R 3.55MZAR
Added : 15 Sep 2020 77
Yearly profit: R1,790,439
Free State
R 2.50MZAR
Added : 20 Jan 2020 553
Profit*: R429,745 *(7 months)
Free State

Aldes Bloemfontein

1 members
11 active mandates
Free State , Bloemfontein

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 2.53MZAR
Added : 25 Sep 2020 40
Yearly profit: R604,433
Western Cape
R 1.43MZAR
Added : 25 Sep 2020 53
Yearly profit: R520,730
Western Cape
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
R 2.80MZAR
Added : 8 Sep 2020 125
Yearly profit: R760,267
R 1.66MZAR
Added : 31 Jul 2020 307
Yearly profit: R512,103
R 1.55MZAR
Added : 14 Jul 2020 271
Yearly profit: R605,133
Western Cape
R 3.50MZAR
Added : 23 Apr 2020 623
Yearly profit: R1,489,750
North West
R 1.80MZAR
Added : 3 Apr 2020 686
Yearly profit: R395,339

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

Added : 22 Sep 2020 93
Yearly profit: R218,713
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
Added : 16 Sep 2020 1585
Yearly profit: R367,337
R 1.12MZAR
Added : 16 Sep 2020 388
Yearly profit: R491,100
Added : 14 Sep 2020 326
Yearly profit: R196,085
R 1.45MZAR
Added : 14 Sep 2020 1011
Profit*: R459,462 *(7 months)
Added : 4 Sep 2020 381
Yearly profit: R227,051
Added : 1 Sep 2020 209
Yearly profit: R304,974