Fully describe the business's activities?
Beauty treatments from nails to facials. Retailing leading facial brands as add on.
How long has the business been established?
Business opened June 2016
How long has the owner had the business?
Since inception June 2016
How does the business operate on a daily basis?
Customers make bookings with therapists. Walk in customer base as well
How are the clients attracted to the business?
Services rendered and loyalty programme bonus
What Advertising/Marketing is carried out?
Street Poles National campaigns
What competition exists?
Hair salon in the complex
What are the seasonal trends?
Summer usually an increase in treatments
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
How could the profitability of the business be improved?
Not paying for a manager. Should owner be involved and do therapies as well, it will change the dynamics and increase sales and profits. Need to also handle own books and stock control to bring down accounting fees.
Is Seller finance available and for what amount?
What is the total staff complement?
8 including managers and shop assistants
Give a breakdown of staff/ functions/ length of service?
4 CIDESCO/ITEC therapists 1 Nailtech 1 Manager 2 Shop Assistants
Do any have management potential?
How involved is the Owner in running the business?
Currently not involved as much as would like
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Mon - Fri 09h00 - 18h00 Sat 08h00 - 16h00 Sun 09h00 - 14h00
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
Yes all therapists
What lease deposit and/or other surety is required?
Already paid - could be renegotiated with the landlord.
This is a fairly new business in an high income area that can still grow due to location. Perfect for a current thrapist that wants to go on her own. This franchise costs R1 800 000 to setup and is selling for half the price as the current owners are overseas and not currently involved.
The owner has not been able to be in the shop on a more full time basis. This will change the business completely. If the owner is willing to train as therapist (flex time training available in Bloemfontein at a large discount) it would be ideal.
Should the buyer be a therapist, this franchise offers great opportunities. Growing business that has not reached its ceiling.
What is the reason for the sale?
Circumstances of directors have changed. 2 partners have moved overseas.
Why is this a good business?
A new business setup with this franchise will cost R1.8mil. The directors no longer can run the business due to personal reasons. This is a new business going for a steal. It is currently showing an increase in TO.
What is the price plus stock and the net profit?
R880 000 stock will be negotiable
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