Is The Magic Over?
For fifty four years Daytona Magic has been around serving magicians, since 1966. There are four full time employees and one senior from Seabreeze High School. Also there are two retired people who love the business so much that they still come in and work for nothing. All our employees are being paid their salaries, except the kid from Seabreeze, who really does not depend on what we pay to live.
One of the employees, both partners and one retired guy still come in every day. They each have their own part of the store where they work. I stay up front on the phone. Pete stays in the middle of the store doing the I.T. Becky and her dad stay in the back office, paying bills, packaging and doing the other things necessary to keep the business going.
A young man, Tyler, who worked for us for about 4 years when he went to college, comes in every day to do the shipping. He is replacing the shipper Greg who stays home with the exception of coming in at night to see that everything is ordered for shipping and manufacturing. Greg also takes things home to work on, and brings them back when he is done. One worker is so scared that she won’t enter the building. She is staying home with her husband 24 hours a day. We understand this and will support her with full salary as long as we can. By the way there are two carpenters and one machinist who are working in their respected shops to keep things going.
We were encouraged that we heard that you can go to your bank and get a loan to help you through this difficult time. We called our bank, Wells Fargo, for the past three weeks. They told us that the loan was not available yet but would be soon. We listened to the news hearing that if you continue to pay your employees they would help you secure a loan. We did everything we were told to do including checking the special web site that Wells Fargo set up telling us that as soon as the money was available we could apply.
Yesterday Wells Fargo dropped the ball, big time. When we called and asked when the loan application would be on line, we were told they did not have any money left for small businesses. Couldn’t believe it! Spoke to many higher up people who said “we’re sorry, but we can’t help.” We will continue to pay everyone as long as we can, but are using up our reserves.
All bills and venders are current, and many are working with us by giving us extra time. All taxes are paid. Our SBA loan from losing part of our roof during the year we were hit with many hurricanes, has been majorly reduced to a few thousand dollars and is on time and being paid every month. Utilities are paid on time.
We are only doing mail order as the store is closed to walk in. There was no April Fools day this year. The kids couldn’t get any fake throw up to fool mom and dad and blame the dog. Is this our April Fool and we won’t get the promised money to help?
We hope the magic will continue…