Fully describe the business's activities?
The salon offers manicures and pedicures and massages, to walk in and appointment customers. This brand is highly visible on social media, mostly Instagram with updates of the latest trends in nail art. Offering 3D , hands and nails manicures, GEL and Acrylic. Feet Pedicures, with GEL and acrylic on toes. You can take the whole family for a day at the Salon and treat everyone from the wide range of services from 6 yr old to Dad.
How long has the business been established?
over 20 years ago
How long has the owner had the business?
Since August 2017
How does the business operate on a daily basis?
The nail technician works the customers that have booked appointments for the day. Confirms bookings for the next day. Updating social media pages with recent nail designs.
How are the clients attracted to the business?
The Salon has flyers that they hand out around the exclusive area. Customers can also look up on the franchise website for a salon near to them. The premises has a sign on street view.
What Advertising/Marketing is carried out?
They have a Facebook page, Instagram and flyers.
Does the business have any contract work?
There is no contract work
What competition exists?
There are other salons in the area that are more visible.
What are the seasonal trends?
Since the owner has had the salon, there has been no visible trend.
Is the business VAT Registered?
No it is not VAT registered
Are there up-to-date Management Accounts available?
Accounts are available for the business
What Balance Sheet and Income Statements are available?
There are no balance sheet or income statements on file
What percentage of the business is cash/credit?
The business operates on 100% cash
What is the age analysis of the debtors book?
There is no debtors book
How could the profitability of the business be improved?
This Salon needs an active owner or manager to get it out there with advertising and marketing the services. They need to maximize on whats available from the franchisor. The brand is well known and offers free make-up product to make available in the salon for sale , with training on the product too. The use of Instagram is big with Tammy Taylor Nails and there is a specialized way for franchisees to market their services on social media, that is highly effective. With these efforts there is no doubt that the profitability will improve.
Is Seller finance available and for what amount?
The seller wants full payment by effective date
Who is the bookkeeper/Accountant?
The seller currently keeps too the bookkeeping himself
What is the total staff complement?
3 nail technicians
Give a breakdown of staff/ functions/ length of service?
There is 1 permanent technician and 2 part time that are called in when there are enough appointments.
Do any receive special perks or incentives?
There is commission paid
Are they on contract?
Yes the 1 technician is on a contract
Do any have management potential?
Yes, the technician is experienced in most of the products and services offered in the salon, and is mostly the one in the business to open and close.
How involved is the Owner in running the business?
There are 3 owners in the business and employed elsewhere full-time, which leaves just 1 checking in from time to time. This has proven to not work.
When does the current lease end?
The lease ends in February 2019
Is there an option of renewal & what period?
There is an option to renew for another 2 years.
What is the annual escalation %?
What are the trading hours?
The Salon is open from 8:00 to 18:00 Mon - Sat
What is the square meters of the business?
About 70 square meters
Who is the Owner/Landlord?
The premises is sub-let to the Salon by Dermalogy Pty Ltd
Is a copy of the lease available?
There is a copy on file
Do you require a licence?
The purchaser will require approval from the franchisor
What lease deposit and/or other surety is required?
There is a deposit required for the lease and a franchise fee, which is included in the asking price.
What are the main assets of the business?
Manicure tables and chairs, Pedicure furniture, Fittings and accessories
Are any items not included in the sale?
Some of the small items in the kitchen are not included
What is their overall condition?
Very good condition
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
None of the items are leased
Are they presently insured?
There is currently insurance on the premises
This salon is under a good brand. The owner has an exclusivity on the area that is mapped out, and may have other salons within the area. There is a solid social media recognition.
There is not much street visibility and requires the owner to do more advertising to be found.
The MUD makeup brand with training is available for salon to house, making more income. The new owner also has the opportunity to dress this salon how they like as it is practically new. An opportunity to create an awareness in the area and a hype with promotions and more staff.
The other salons that use more advertising streams and showing off their work more could drive traffic past the salon to theirs.
What is the reason for the sale?
The owners do not have time for the business and are not maximising on what it offers as a brand, not
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million