Fully describe the business's activities?
The business is a one stop, low maintenance, easy to operate manicure and pedicure nail care and brow bar, offering foot and hand massages, lip lining and brow and lash tinting
How long has the business been established?
The business has been established since June 2016.
How long has the owner had the business?
The business operates under a Pty . The trade name of the business has been registered under the Pty so if one wishes to expand the opportunities under the same umbrella this is an option they may discuss with the seller
Short overview of the business.
The business despite being established for only 1 and some years has acquired itself a reputable reputation for supplying a quality service to the beauty services which it offers. The location is very user friendly and convenient to shoppers who need not make a specific appointment, so this is an immediate attraction to clients passing by the business, they can decide on the spur of the moment to be pampered whilst on their shopping tasks. A major attraction to the clients is the businesses visibility and user friendly operational set up. The business has low key operational maintenance and overhead expenses. Despite its infant stages the business is already showing a net profit and affords massive opportunity within the beauty industry. the retail lines can be expansively developed upon to entice additional clients and generate additional income.
How does the business operate on a daily basis?
The business is situated in a convenient user friendly environment and operates by offering the services of manicures on hands and massages on hands and feet and pedi cures on feet and in addition the business offers brow plucking, nail blading, lip lining, tinting eye brows and eye lashes. The infrastructure of the unit is mobile rendering it versatile for relocating to other areas within the location wherein it operates from currently.
How are the clients attracted to the business?
The business enjoys prime location and has massive exposure to the passing foot traffic.The shoppers are attracted to the business by its expressive signage and visibility of client being [pampered at the business
What competition exists?
There are several similar competitors in the industry within the geographical area in which the business operates, but only 2 within a close proximity. The business is differentiated by its convenient location, high visibility, detailed focused attention to the care and treatment of hand, feet and nails and brow plucking along with limited lines of related retail supporting products.
Is the business VAT Registered?
No the business is not VAT registered
Are there up-to-date Management Accounts available?
Yes there are up to date management accounts
What percentage of the business is cash/credit?
The business operates on 100% cash, it has no client on account
What is the total staff complement?
The business operates with minimal staff and overheads. There are 3 members of staff who are instrumental in generating income into the business. The staff is mostly multipurpose, amongst their duties are importantly informed skill sets in nail technology , which is important when attending to the clients which the business attracts. The technicianâs staff receives a basic salary with an incentive commission % of performance. This incentive commission however only develops once they have reached a target to cover their basic, only thereafter will the commission structure kick in.
Are they on contract?
Yes , the staff are on contract
How involved is the Owner in running the business?
The owner is not actively involved in the operational side of the business, she is more hands on in terms of administration and overall management . The business has skilled trained staff who undertake the daily services the business offers to generate the income
When does the current lease end?
The current lease ends in June 2019.There is a definite option by the landlords to renew the lease. The renewal period for which the landlords will renew will have to be discussed with the landlords. The landlords will require the first month rental payable up front and in addition at least 2 months rental as a deposit must be paid to them. The prospective buyer must be aware that the landlord will first have to evaluate and approve them before granting them a lease for the business. The condition of sale will be that the purchaser must be approved by the landlords. The current annual escalation is 10%.
What are the trading hours?
The business operates from Monday to Saturday from 9:00 to 18:00 and Sundays from 9:00 to 15:00 and is closed on Christmas day.
Are any items not included in the sale?
No all the items on the asst inventory are included in the sale and the purchase price of the business. The assets are all in a good working order and are the unencumbered property of the seller and the business
Is the assets of the businss fully paid for?
The assets of the business include counters, displays, lamps, manicure and pedicure chairs and all the tools of the trade and the branding. The assets were all purchased new so they are all still in a good condition. The assets are fully paid for and the unencumbered property of the sellers and the business and will be included in the sale and purchase price of the business.
What is the reason for the sale?
The seller has another business which is increasingly becoming more demanding on her time and she cannot spend as much time as she would like to on the the business , hence she has made the decision to sell it.
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