Fully describe the business's activities?
The salon is dedicated to providing a memorable experience for each client through exceptional service. With each experience they strive to accomplish this mission with passion, expert advice in the utmost professionalism and courtesy. They pride themselves in providing a high quality, comfortable and natural salon experience. Services: - Cut / Blow-wave / Set / Styling / Curls - Colour / Highlights - Perm / Straightening - In Salon Treatments - Upstyles - Nails / Facials / Massaging - Weddings - Matric dances - And any special events
How long has the business been established?
How long has the owner had the business?
How are the clients attracted to the business?
- Salon has a large regular customer following. - it has been trading for 19 years. - Salon is situated in well-know shopping centre on main road with ample parking and solid tenant base with well-know anchor tenant. - Salon has quality and visible signage.
What Advertising/Marketing is carried out?
- Dedicated Website - Google - Facebook
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Current, 2018 / 2019
Is Seller finance available and for what amount?
Not available, cash buyers only.
What is the total staff complement?
10 Qualified and Certified Staff - hair stylists - apprentices - nail technicians
Are they on contract?
Employed with Contracts
Do any have management potential?
How involved is the Owner in running the business?
The owner/s oversee the daily operations of the salon.
When does the current lease end?
The lease is up for renewal in 2020.
What are the trading hours?
- Monday to Friday 8:00 am - 6:00 pm - Saturday 8:00 am - 4:00 pm - Sundays and Public Holidays CLOSED
What is the square meters of the business?
Is a copy of the lease available?
Yes, on request during due diligence process.
What are the main assets of the business?
Fixtures, fittings and equipment. List of Assets available on request during due diligence process.
What is their overall condition?
Very good, owner/s replace and upgrade on a regular basis as required.
How have they been valued ?
Fair market value.
What is the reason for the sale?
The Owner/s were approached to establish a Salon overseas and would then also immigrate as a result.
Why is this a good business?
Established, award winning salon with large client base and attracting new clients daily. Offers quality service and the best products on the market. Qualified and certified staff that provide exceptional customer service with a focus to build long lasting customer relations.
What is the price plus stock and the net profit?
R2 495 000 including stock and assets, and to be sold as a going concern. - Payback period of 30 months. - ROI of 40%.
Annual Turnover Amount between R 500 thousand and R 6 million