Fully describe the business's activities?
Beauty Therapy business offering waxing, massages, facials, tanning, manicures, pedicures...
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Managers and staff in place to open and close the business daily. Owner runs the finances of the business and stock orders. Therapists are responsible for their deferent sections keeping it cleaned maintained and fully stocked.
How are the clients attracted to the business?
Business has been established for 20 years, very well centrally situated close to Virgin Active Gym, lots of parking set in a business park. Very well exposed to the public.
What Advertising/Marketing is carried out?
Social Media, Business Network International, Facebook
What competition exists?
There are other beuaty salons in the area
What are the seasonal trends?
Business spikes during December and before school holidays, matric farewell times. Business stays constant throughout the rest of the year.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date and available to serious enquiries during due diligence stages.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to Date
What percentage of the business is cash/credit?
80% Electronic & 20% Cash
How could the profitability of the business be improved?
Obtaining more therapists specializing in certain fields building up client base.
What is the total staff complement?
4 Therapist & 1 Owner
Do any receive special perks or incentives?
Commissions & Basic Salary
Are they on contract?
Do any have management potential?
In place already
How involved is the Owner in running the business?
80% of the time
When does the current lease end?
Is there an option of renewal & what period?
Yes for a further 3 years.
What is the annual escalation %?
What are the trading hours?
Monday - Friday 8:00 am - 17:00pm Saturdays 8:00am - 15:00pm.
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
One months deposit.
What are the main assets of the business?
Equipment, Specialized Beds & Stock.
Are any items not included in the sale?
All included as per assets list.
What is their overall condition?
Excellent well-kept and maintained.
Do any require repairing?
Well maintained all in good working order.
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
None all paid for cash.
Are they presently insured?
Yes comprehensive insurance in place.
Well established beauty salon, waxing, massage, facials, tanning, manicures & pedicures. Business has been established for 20 years, has a very good reputation amongst the community. Beauticians are well qualified and trained and have established good solid relations with clients. A friendly and welcome feel to the business with service of the highest of professionalism is the key to the success of this business.
Owner run, high personal demand.
Employ more specialized therapist to increase client base.
Therapist not being incentivised and leaving the business, not having solid employment restraints in place.
What is the reason for the sale?
Owner is looking at relocating to the Drakensburg.
Why is this a good business?
Well established 20 years, centrally located and well exposed, Therapist are well trained and have solid client bases. Service and product offering in demand.
Annual Turnover Amount between R 500 thousand and R 6 million