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Annual turnover

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  • Mandate: 32634
  • Added: 01 Mar 2019
  • AFS
  • 404

Established Hair & Beauty Salon !

Gauteng, Pretoria
404
Mandate 32634
Added 01 Mar 2019
R 2,495,000* ZAR
Stock: R 300,000
Assets: R 648,236
R 92,575 ZAR
Eduan Swart
(PRINCIPAL)
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Providing an incomparable experience to each and every client... the best products, the best stylists and the best possible services.

Established Hair & Beauty Salon !
SELLING PRICE AFS
R 2,495,000* ZAR
Stock: R300,000
Assets: R648,236
R 92,575 ZAR
Summary

Providing an incomparable experience to each and every client... the best products, the best stylists and the best possible services.

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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?
19 years

How long has the owner had the business?
19 Years

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?
Yes

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

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?
Yes.

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?
140m2

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%.

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
28 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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