Thatokie cakes Boutique
| Business Location: | Township |
| Province | Limpopo |
| Branch: | Sekhukhune |
| Business Start Date: | 2023-04-28 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business specializes in confectionery and baked goods as well as selling basic baking working tools. The business offers baking lessons to empower women to start their own businesses, as source of additional revenue the company does party packs, birthday gifts, and kids’ parties.
Challenges/Needs:
• Lack of food safety training (HACCP).
• Lack of funding proposal to apply for funding.
• Lack of finance to acquire baking ovens, baking tables, cake mixer, display fridge, baking tools and cash register to increase production capacity and efficiency
Intervention Insights and Results
Intervention Details:
• Participation on food safety training (HACCP).
• Development funding proposal.
• Facilitation of access to funding through the Seda Asset Assist Programme.
• Development funding proposal.
• Facilitation of access to funding through the Seda Asset Assist Programme.
Outcome Details:
I would like to thank Sedfa for the crucial role they played in supporting my business.
Client Feedback
Client Comments:
• The business managed to secure grant funding worth R 202 119.31 from Asset Assist Programme to acquire baking ovens, baking tables, cake mixer, display fridge, baking tools and cash register to increase production capacity and efficiency.
• For the financial year 2023/24 the company has recorded a turnover of R 540 000.00 with operational costs of R 528 680.00 which translate to the net profit for the year before tax of R 11 320.00. This translates to the following positive results for the business:
- Increase in turnover of 118% from R 248 000.00 to R 540 000.00
- Increase in profit of 599% from R 1 619.00 to 11 320.00; and
- The business managed to retain three employees and created one additional employment; this then gives a total of four employees in the business.
• For the financial year 2023/24 the company has recorded a turnover of R 540 000.00 with operational costs of R 528 680.00 which translate to the net profit for the year before tax of R 11 320.00. This translates to the following positive results for the business:
- Increase in turnover of 118% from R 248 000.00 to R 540 000.00
- Increase in profit of 599% from R 1 619.00 to 11 320.00; and
- The business managed to retain three employees and created one additional employment; this then gives a total of four employees in the business.
