Ref. No - BFS936516
South Africa, GautengRef. No - BFS936516
Sector - Services
Asking Price
R700,000
Monthly Profit
R34,395
Asset Value
R 250,000
Stock Value
R 80,000
Yearly Net Profit
R 412,741
Summary
This business supplies balloons for corporate events, showrooms, parties and any other fun occasion. A complete turnkey operation with trained staff, balloon artists, equipment and delivery vehicle.
Give me more informationFully describe the business's activities?
The business provides balloons and allied balloon decor for corporate events, birthdays and related celebrations.
How does the business operate on a daily basis?
The business operates from shared premises. Orders are received, made up and delivered to clients on the appointed day. The core product is balloons inflated with helium and then combined into designs according to the nature of the event. Conceptualisation and design of the balloon clusters and allied decorations is offered as part of the service.
What competition exists?
There are 4 or 5 competitors including Westpac.
How could the profitability of the business be improved?
Expenses need to better controlled as the business commands little of the current owner's time due to other commitments. Reducing staff is the initial consideration.
Do any have management potential?
Yes
How involved is the Owner in running the business?
The owner is responsible for the payroll and paying suppliers, which takes about 5% of his time.
When does the current lease end?
Current lease is month to month
What are the trading hours?
Weekdays 08h00 - 17h00
Saturdays 08h00 - 15h00
After hours upon request
Closed for 3 weeks in December
Saturdays 08h00 - 15h00
After hours upon request
Closed for 3 weeks in December
What are the main assets of the business?
One Nissan NV350 branded delivery vehicle
Stock - helium, balloons, decor
Stock - helium, balloons, decor
Strengths?
Client list
Brand awareness
Brand reputation
Location of business close to Sandton CBD
Brand awareness
Brand reputation
Location of business close to Sandton CBD
Weaknesses?
On occasion rely on subcontractors creates vulnerability to late delivery or poor performance
Opportunities?
Increase awareness
Penetrate new markets like event companies and car dealerships
Penetrate new markets like event companies and car dealerships
Threats?
Pushback from environmentalists
Covid had a negative impact on the business and a similar outbreak would have a similar negative impact
Covid had a negative impact on the business and a similar outbreak would have a similar negative impact
What is the reason for the sale?
Seller wants more control over his spare time as he has other, larger business interests
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