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Annual turnover

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  • Mandate: 31900
  • Added: 05 Mar 2018
  • AFS
  • 470

Urgent sale of beauty salon in Bloemfontein

Free State, Bloemfontein
470
Mandate 31900
Added 05 Mar 2018
R 715,000* ZAR
Stock: R 0
Assets: R 635,025
R 7,060 ZAR
Tharien Barnard
Aldes Maxima
Free State
Summary

Urgent sale going for a steal! Beauty Salon in a wealthy area of Bloemfontein.

Urgent sale of beauty salon in Bloemfontein
SELLING PRICE AFS
R 715,000* ZAR
Stock: R0
Assets: R635,025
R 7,060 ZAR
Summary

Urgent sale going for a steal! Beauty Salon in a wealthy area of Bloemfontein.

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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?
Yes

What VAT documentation is on file?
On request

Are there up-to-date Management Accounts available?
Yes

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?
No

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?
Yes

How involved is the Owner in running the business?
Currently not involved as much as would like

When does the current lease end?
31/05/2021

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
Mon - Fri 09h00 - 18h00 Sat 08h00 - 16h00 Sun 09h00 - 14h00

Who is the Owner/Landlord?
MAKPROP

Is a copy of the lease available?
Yes

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.

Strengths?
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.

Weaknesses?
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.

Opportunities?
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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FRANCHISE DETAILS

Aldes Maxima

2 members
12 active mandates
Free State
PO Box 28414
3010

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