Branels Furniture (Pty) Ltd
| Business Location: | Rural area - Villages |
| Province | Limpopo |
| Branch: | Mopani |
| Business Start Date: | 2014-07-05 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business model is centered around purchase and reselling of furniture and appliances to the households.
Wooden furniture:- bedroom suits , 3 door wardrobes, 2 door wardrobes, plasma stands, kitchen schemes, wall units, 3 pc wardrobes , chest of drawers.
Lounge suits: leather and linen ranges.
Beds: different brands like Restonic, Quality bedding in different sizes of single, double, queen and king.
Challenges/Needs:
(i) Operated informally without registration.
(ii) Lack of capital to operate optimally.
(iii) No system
(iv) Low sales due to lack of capital.
Intervention Insights and Results
Intervention Details:
(i) Assessment-Critical Planning Exercise
The assessment helped with financial projections, identification of strengths and weaknesses. This analysis generated a plan of action.
(ii) Company registration
The business was assisted to register with CIPC as a private company. This has helped formalize the business and to comply with government regulations.
(iii) Access to funds through SEFA
Seda assisted the business to apply for funds from SEFA. The application was approved and the client was funded for R128,000.
(iv) Point of sale system and payroll
Seda assisted the business with computer systems to help with sales, stock and employees affairs management, amongst other things. The systems also assist in presenting the business professional image.
The assessment helped with financial projections, identification of strengths and weaknesses. This analysis generated a plan of action.
(ii) Company registration
The business was assisted to register with CIPC as a private company. This has helped formalize the business and to comply with government regulations.
(iii) Access to funds through SEFA
Seda assisted the business to apply for funds from SEFA. The application was approved and the client was funded for R128,000.
(iv) Point of sale system and payroll
Seda assisted the business with computer systems to help with sales, stock and employees affairs management, amongst other things. The systems also assist in presenting the business professional image.
Outcome Details:
The business has managed to maintain descent sales and preserved 3 jobs.
Client Feedback
Client Comments:
I appreciate Seda.
