Asking Price
R1,640,000
Monthly Profit
R 150,874
Asset Value
R 750,075
Stock Value
R 40,000
Yearly Net Profit
R 1,810,486
Summary
Interior decorating business for sale. Excellent client list includes blue chip corporates and many prestigious homes.
Give me more informationFully describe the business's activities?
The business is a sole proprietary, exclusive interior design and manufacturer service, from conceptualisation through to project planning and final instalation, offering a workroom with skilled staff who manufacturer curtaining, fabric blinds and soft furnishing accessories for a wide spectrum of clients in corporate, private and hospitality sectors.
How does the business operate on a daily basis?
Owner briefs workroom staff, consults with new clients, sends through new quotations for the concept, follows up on existing quotations, orders supplies for accepted quotations and follows up on existing quotations, works on manufacture deadlines, checks quality of workmanship once items are all complete for a specific project. Arranges and oversees instalation.
What Advertising/Marketing is carried out?
The business has an on line presence and a website.
What competition exists?
Given the range of decorating services offered by the company, there is competition in each segment of the markets in which the owner operates.
How could the profitability of the business be improved?
Be more active on social media posts
Invest in interior design and architectural drawing software, to provide more visual design options thus broadening the appeal of markets not currently serviced.
Adding additional staff will create an opportunity to take on more projects.
Invest in interior design and architectural drawing software, to provide more visual design options thus broadening the appeal of markets not currently serviced.
Adding additional staff will create an opportunity to take on more projects.
Give a breakdown of staff/ functions/ length of service?
The owner is responsible for drawing up the job specification, designing and planning the project and ensuring the timetable is met.
2 main machinists are responsible for sewing
1 table hand does cutting, prepping and ironing
1 employee does installations
the remaining 7 part time employees assist as required
2 main machinists are responsible for sewing
1 table hand does cutting, prepping and ironing
1 employee does installations
the remaining 7 part time employees assist as required
Do any have management potential?
No
How involved is the Owner in running the business?
The owner is 100% involved in running the business
When does the current lease end?
The current lease will end on 31st March 2024
What are the trading hours?
07.15 to 16.00 Monday to Thursday
07.15 to 14.00 on Fridays
Staff are willing to do necessary overtime if required
07.15 to 14.00 on Fridays
Staff are willing to do necessary overtime if required
What are the main assets of the business?
Full sample library, fabrics, blinds, hardware, catelogues.
CMT machinery for workroom
Generator
Awareness of business as a brand amongst key market decision makers
BEE compliant, Workmens Compensation Letter of Goodstanding, SARS compliant, for tender documentation
CMT machinery for workroom
Generator
Awareness of business as a brand amongst key market decision makers
BEE compliant, Workmens Compensation Letter of Goodstanding, SARS compliant, for tender documentation
Strengths?
Awareness of the business
Reputation of the business
Work in Progress
Reputation of the business
Work in Progress
Weaknesses?
New premises may need to be found
Opportunities?
Capitalising on momentum in new markets
More staff will allow for more projects
More staff will allow for more projects
Threats?
New premises may result in loss of certain employees
What is the reason for the sale?
Owners family has moved to Cape Town and she wishes to join them
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