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This is a very successful 30 year old, word of mouth business that has never required marketing. Equipment, including all catering supplies and furniture, and many additional items, is rented out for parties and functions, combining both private and corporate work, plus kiddies parties. Regular full-time staff include an office manager, a driver, a helper, a seamstress (for table cloths, picnic blankets, chair covers etc), and a cleaner.
This is a lifestyle business, which provides consistent income and covers many expenses with little work effort. In the owner's words: "it is a little gold mine", and could thrive and grow tremendously with some strategic marketing effort.
The reason for selling is emigration.
If interested, please contact us by filling the form given below.
The property is owned by the company owner, so lease terms would be discussed directly with her, or a property purchase is also a potential consideration for the buyer.
R180,000 per annum
Bordeaux, Randburg, Johannesburg
The business is located in the office section of large residential property. It consists of an office, kitchen, storage areas, an ironing and sewing room, an extended double garage (fitting two vans and a large amount of bigger stock items), plus an upstairs warehouse above the garage. The company leases this space from the owner of the residence, who is also the owner of the business.
As mentioned, KPR has run for 30+ years with no advertising or marketing effort, but produces a consistently strong cash flow with little effort. That said, KPR has a very large stock list, estimated at 1.5M rand in deprecated value, and stock utilisation is only near max during the Oct-Dec peak season period. There is therefore massive potential to greatly improve stock utilisation during the rest of the year with only the additional cost of a marketing effort (staff, vehicles and stock are all paid for in the normal expenses of the business).
There are other party rental companies in Johannesburg, but Kate's Party Rentals (KPR) holds a space in the central Randburg area. Each company has their own specialities in terms of the types of stock held and events supported and they rent equipment from one another. In this way, if KPR does not hold certain stock requested by a customer, it can sub-hire it from another hire business, therefore keeping the whole service in-house. Likewise, other hire companies, along with many caterers sub-hire from KPR.
8am till 4.30pm Mon-Frid and Saturday by appointment.
The owner of KPR will provide the necessary training support required during transfer of the business as agreed upon during sale negotiations.
The owner would prefer a direct sale, but is open to negotiation of financing terms.
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