bobby duvenhage
johannesburg (ZAF)
Role(s):
Founder/Owner/Principal
hyperbedding and couch
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Startup
Location:
johannesburg
Industry:
Retail/Clothing
Year Founded:
2007
Number Employees:
10-50 people
Description:
We are a small business bedding and lounge/bedroom furniture (URL removed) currently have 3 branches in operation which gives us a good standing in the industry. We currently are making a small profit due to a warehouse that is in existence, serving all the branches. We want to expand the number of branches, and have a number of premisses offered to us, which can be occupied rapidly. As it does take a fair amount of capital to set up a new branch,double rental deposits, signage, display stock and marketing expenses)(URL removed) gross margins that we achieve are approximately 15 % better than the market we are trading in, due to specific ways and means we use, to operate our business and profit taking. The management staff are highly motivated, well experienced in the managing and operting a company in the furniture retail (URL removed) asd management staff supports a high standard of business (URL removed) this point in time we are not having sufficient capital to fund these new branches and there fore are searching for investors to enable us to achieve this growth. The profits gained by the said growth will earn back your initial investment, very rapidly.