N.M. Gysman trading
| Business Location: | Township |
| Province | Eastern Cape |
| Branch: | Nelson Mandela Bay |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
It accommodates a diverse clientele, including tourists, festival visitors, church groups, SANDF members, provincial education officials, Cuban medical students, and construction professionals.
Challenges/Needs:
Accessing finance is a significant challenge for the business, limiting its ability to expand operations, invest in new assets, and fully capitalise on growth opportunities.
Intervention Insights and Results
Intervention Details:
• Development and layout of signage and promotional material.
• The client has completed food safety training.
• An application was submitted for Asset Assist grant funding to acquire curtains for the guesthouse, air-conditioners, catering equipment and a laptop and printer.
• The client has completed food safety training.
• An application was submitted for Asset Assist grant funding to acquire curtains for the guesthouse, air-conditioners, catering equipment and a laptop and printer.
Outcome Details:
• The company was awarded R227 497,47 in Asset Assist funding, which was allocated to purchasing curtains for the guesthouse, acquiring a laptop and printer for administrative support, buying catering equipment to boost revenue, and installing air conditioners in the rooms.
• The business sustained employment for three staff members and created two additional jobs.
• Significant turnover growth of 100.96% from R159,790 to R321,060.
• The business sustained employment for three staff members and created two additional jobs.
• Significant turnover growth of 100.96% from R159,790 to R321,060.
Client Feedback
Client Comments:
Thank you! With your help, the business is continuing to grow and improve
