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