RETAILER ADVENTURE (PTY) LTD T/A TOTALENERGIES SOUTHERNWOOD
| Business Location: | Urban |
| Province | Eastern Cape |
| Branch: | Amathole |
| Business Start Date: | 2024-12-30 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Fuel station
Convenience store
Fresh food kitchen
Challenges/Needs:
Lack of equipment and working capital to establish the convenience store.
Limited resources restricted expansion and competitiveness.
Delays to implement this had a risk of slowing down customer growth and revenue
diversification.
Intervention Insights and Results
Intervention Details:
Business was advised for funding opportunities with funding entities.
Facilitated funding application for the Sedfa Youth Challenge Fund.
Client also applied to the call for Asset Assist Programme.
Facilitated funding application for the Sedfa Youth Challenge Fund.
Client also applied to the call for Asset Assist Programme.
Outcome Details:
SEDFA approved Asset Assist funding of R247,463 for the purchase of equipment.
A fully operational kitchen convenience store established.
Jobs increased from 9 to 14 employees, boosting employment.
Turnover has increased from 0 to R5 501 092 in 6 months.
A fully operational kitchen convenience store established.
Jobs increased from 9 to 14 employees, boosting employment.
Turnover has increased from 0 to R5 501 092 in 6 months.
Client Feedback
Client Comments:
thankful to Sedfa
