How does the business operate on a daily basis?
Daily activities revolves around venue styling through draping, fairy lights, naked bulbs, letter lights, etc

How are the clients attracted to the business?
Mainly recurring clients, long standing clients and social media platforms especially word of mouth.

What Advertising/Marketing is carried out?
Social Media platforms, word of mouth, industry preferred suppliers

Does the business have any contract work?
Every event is a contract. Currently they only operate with industrial players and are closed to the public which is a huge opportunity in this business..

What competition exists?
Their unique expertise and designs limits the competition with them being trend setters in the industry.

What are the seasonal trends?
The business operates through all seasons with September to February being their busiest months.

Is the business VAT Registered?
Yes

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

What Balance Sheet and Income Statements are available?
February 2024

What percentage of the business is cash/credit?
No credit, all cash, unless occasional agreements due to long standing relations. No bad debts incurred.

How could the profitability of the business be improved?
Definitely by expansion, however we have limited this, but the demand for our service rises daily. We turn work away because of our limited infrastructure.

Is Seller finance available and for what amount?
No

What is the total staff complement?
12
2 Management ( Owners )
4 Full time staff (Flexitime)
6 Part time staff (Flexitime)

Give a breakdown of staff/ functions/ length of service?
The two owners do all the administrative functions.
Employees are all general workers who have been with the business for up to 16 years.

Do any receive special perks or incentives?
Yes based on clients input, however incentives are minimal and seldom

Are they on contract?
All are on contracts

Do any have management potential?
No

How involved is the Owner in running the business?
The owners are fully involved.

When does the current lease end?
Open lease with no expiration date however one month notice period

Is there an option of renewal & what period?
Absolutely - period negotiable

What is the annual escalation %?
8%

What are the trading hours?
Demand based hours

What is the square meters of the business?
160sqm covered space,
300sqm property extent

Is a copy of the lease available?
A new lease will have to be drawn up

Do you require a licence?
No

What lease deposit and/or other surety is required?
R10 000

What are the main assets of the business?
All the equipment used to decorate venues.
A full list is available.

Are any items not included in the sale?
All assets are included,

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Fair market value

Which assets are on lease/HP and with whom?
Nothing on lease.

Are they presently insured?
A new policy will be required.

Strengths?
Best in business, Literally.
Innovative, trending.
Completely in demand. Market Leaders

Weaknesses?
Inability to continue to expand due to exhaustion and health of main driving force. Owners want to do something less demanding and more passive

Opportunities?
Countless. Willing to subcontract strictly to new owners as a relief if required as an option.

Threats?
None comes to mind as we are the market leaders in our trade.

What is the reason for the sale?
The owners are unable to keep up with the demand and growth of the business and wish to pursue a more passive lifestyle.

Why is this a good business?
This business has been operating in the events field for many years and has become well-known.
There is huge opportunity to expand into other areas of event management.
If it was not for 2 against 1” vote between management, this business would not be on the market..
It is every events or ambitious entrepreneurs dream.