Fully describe the business's activities?
This is a very well appointed Day Spa situated in a picturesque town on the coast. They have several well equipped treatment rooms and use only the best professional products. They offer all treatments normally associated with a day spa.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The owner handles the stock control and finances, the receptionist the bookings and the therapists services the clients.
How are the clients attracted to the business?
They have very loyal customers. Some has been attending the Spa since they opened. They are fully booked for the holiday seasons long in advance.
What Advertising/Marketing is carried out?
Advertisements in the local community papers, very active facebook page, owner part of the business community.
Does the business have any contract work?
What competition exists?
No other Day Spa in the area. One other beautician but it is mainly a hair salon.
What are the seasonal trends?
Very busy over holiday periods, specifically December holidays
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
All is cash
Is Seller finance available and for what amount?
What is the total staff complement?
Receptionist, Nail Technician, Somatololgist x 3 & Cleaner
Do any receive special perks or incentives?
They receive a small basic salary and earn commission. Staff work 6 days a week, with one weekend a month off including the Friday.
Are they on contract?
Do any have management potential?
Yes one lady
How involved is the Owner in running the business?
The owner has other business interests as well. She handles the stock control and financial aspects of the business.
When does the current lease end?
Is there an option of renewal & what period?
Yes 5 years
What is the annual escalation %?
What are the trading hours?
Open Monday to Friday 8am to 5 pm and Saturdays 8am to 1 pm
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Are any items not included in the sale?
Two cupboards in reception
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
This is a well established business in a beautiful building in the middle of town. They have a loyal client base with highly qualified staff that offer a high level of service.
A qualified beautician as owner might be able to see some other opportunities in the market.
More liasons with the guest houses in the area could result in ladies doing some out of salon treatments.
None that can be seen
What is the reason for the sale?
The owner would prefer to spend more time with her other businesses and have more quality time with her family.
Why is this a good business?
This business is over 15 years old, has a very loyal customer base and this area is just growing from strenght to strenght with more people deciding to come and live here on a permanent basis.
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Annual Turnover Amount between R 500 thousand and R 6 million