Sectors / Category

Annual turnover

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  • Mandate: 35046
  • Added: 15 Dec 2021
  • AFS
  • 281

Spesiality Wedding and Birthday Cakes

Gauteng, Johannesburg
281
Mandate 35046
Added 15 Dec 2021
R 1,255,000* ZAR
Stock: R 5,000
Assets: R 0
R 48,758 ZAR
Deon van Tonder
(PRINCIPAL)
Aldes Badu
Gauteng, Randburg
Gauteng, Randburg
Summary

Beautifully designed and personalized cakes

Spesiality Wedding and Birthday Cakes
SELLING PRICE AFS
R 1,255,000* ZAR
Stock: R5,000
Assets: R0
R 48,758 ZAR
Summary

Beautifully designed and personalized cakes

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please supply us with your details below

Fully describe the business's activities?
Bake & decorate birthday/wedding/celebration cakes, cupcakes, cookies & macarons

How long has the business been established?
The business has been established for 10 years and the Pty (Ltd) registered for 8 years

How long has the owner had the business?
10 years

How does the business operate on a daily basis?
Admin, quoteing customers, customer srevises, scheduling tasks, pruchasing stock, co-ordinating weekly tasks, baking, decorating

How are the clients attracted to the business?
Referrals and repeat business from ten years of satisfied customers and their guests all focused on higher-income households. Social media is used to advertise. Search engines and online directories

What Advertising/Marketing is carried out?
Instagram and Facebook campaigns

Does the business have any contract work?
Yes, but with no formal contracts, ie Party planners and socialites.

What competition exists?
Cake & Bake, Kadies, Kelly Janes, Oh My Cake, Tony's Cake Boss Patissarie

What are the seasonal trends?
Birthday cakes provide a stable monthly turnover throughout the year. Special events create daily spikes on or for the day ie Valentines, St Patricks Day, Easter, Mother's Day, Father's Day, Halloween, Christmas Spring & summer months attract a higher wedding cake volume. January is our lower volume month.

How did the Covid-19 pandemic impact the business turnover / daily operations?
We are a fairly Covid proof business, due to our focus on higher-income households. This household's discretionary spending is less affected by Covid restrictions and they still celebrate birthdays, weddings, and special days.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
No price increases, additional marketing to our focus group.

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Annual Financial Statements for 2020 Profit & loss Report 01/07/2020 - 30/06/2021

What percentage of the business is cash/credit?
100% cash, we do not offer credit

How could the profitability of the business be improved?
Move into retail space to gain value from passing trade and exposure Offer complimentary branded guest favor to drive Word of Mouth marketing

What is the total staff complement?
2 Staff

Give a breakdown of staff/ functions/ length of service?
Owner - Baker, decorator and creative 10 years Manager - Admin, baker & decorator 8 years

Do any receive special perks or incentives?
No

Are they on contract?
No

How involved is the Owner in running the business?
100%

When does the current lease end?
The business is perfectly suited to be relocated, preferably in Gauteng. Deliveries are done by client Uber, courier, or pickup

What are the trading hours?
8am - 5pm Monday - Friday 10am -12pm Saturday

What is the square meters of the business?
+/-36sqm

Do you require a licence?
No

What are the main assets of the business?
2x convection ovens, 2x mixers, 3x fridges, double industrial sink, shelving, mouds, cutters and other variouse decoration equipment & tools

What is their overall condition?
Well maintained

Do any require repairing?
Only normal scheduled maintenance

How have they been valued ?
Owner valuation between the purchase price and replacement value

Which assets are on lease/HP and with whom?
None

Strengths?
Small home business easily opporated by 2 people with flexable hours. Good reputation with existing clients and 5 star rating on Google. Perfect for relocating in Gauteng. Covid proof due to the higher income client base, this protects our margins.

Weaknesses?
Limited number of orders can be taken due to space and sonly 2 staff members on a weekly basis

Opportunities?
Has the potential to grow and move into retail space Expand production capabilities

Threats?
Inconsistant electricity supply, can be solved by purchasing alternative power supply

What is the reason for the sale?
Owner has decided to join family in UK

Why is this a good business?
People are always be having birthdays, weddings, and other events. Proven track record. Existing high-end client list. Clear and easy-to-follow business systems. It is scalable. We have got actual costing and margin control down to a tee.

What is the price plus stock and the profit?
Weekly stock only to ensure our fresh policy R5000.00 Selling price inclusive of stock R1 250 000.00

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AGENCY DETAILS

Aldes Badu

1 members
8 mandates
Gauteng , Randburg
40 Silver Pine Avenue, Moret, Randburg, 2194
Randburg

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