Sectors / Category

Annual turnover

|
  • Mandate: 32691
  • Added: 18 Jan 2019
  • AFS
  • 640

Established Sought After Beauty Salon - Franchise

KwaZulu-Natal, North Coast
640
Mandate 32691
Added 18 Jan 2019
R 1,200,000* ZAR
Stock: R 350,000
Assets: R 1,250,000
R 6,718 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Popular franchise beauty salon established in a very busy mall. Qualified staff in place, business showing a steady growth in 2nd year after set up. Clientele established and growing fast, owner have moved out the area and is committed to another business. New franchise set up cost between R 1 800 000.00 & R 2 000 000.00. Great opportunity for anyone to buy into the group at reduced cost.

Established Sought After Beauty Salon - Franchise
SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R350,000
Assets: R1,250,000
R 6,718 ZAR
Summary

Popular franchise beauty salon established in a very busy mall. Qualified staff in place, business showing a steady growth in 2nd year after set up. Clientele established and growing fast, owner have moved out the area and is committed to another business. New franchise set up cost between R 1 800 000.00 & R 2 000 000.00. Great opportunity for anyone to buy into the group at reduced cost.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Beauty Salon (Franchise) - Retail & Services.

How long has the business been established?
March 2017

How long has the owner had the business?
Estabished March 2017

How does the business operate on a daily basis?
Staff in place with management potential that opens and closes the business daily. Owner gets to the business once a week due to other business commitments. Owner oversees financial side of business, staff conduct daily stock take and request stock orders.

How are the clients attracted to the business?
Very well located in a busy mall, reputable brand (Franchise). Service offering in demand as people in general is more health conscious.

What Advertising/Marketing is carried out?
Promotional work, National advertising by the franchisor & local centre management.

What competition exists?
No direct competition in the mall.

What are the seasonal trends?
Busy times are during December, School holidays & major events i.e. Matric Farewell, Weddings

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date, available to serious enquiries during due diligence stages

Are there up-to-date Management Accounts available?
Up to Date, available to serious enquiries during due diligence stages

What Balance Sheet and Income Statements are available?
Up to Date, available to serious enquiries during due diligence stages

What percentage of the business is cash/credit?
85% Credit Card, 15% Cash

How could the profitability of the business be improved?
More promotional marketing, incentives.

What is the total staff complement?
10 Staff

Give a breakdown of staff/ functions/ length of service?
2 Admin, 4 Therapist, 3 Nail technicians, 1 Salon assistant.

Do any receive special perks or incentives?
Commission incentives

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
20% in the everyday running of the business.

When does the current lease end?
February 2022

Is there an option of renewal & what period?
Yes, further 5 years

What is the annual escalation %?
5 - 8 %

What are the trading hours?
Mon - Thurs 9am - 6pm, Fri 9am - 7pm, Sat 9am - 5pm, Sun 9am 3pm

What is the square meters of the business?
72 sqm

Who is the Owner/Landlord?
JHI

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
R 102 000.00

What are the main assets of the business?
Shop fittings, Equipment, Stock & Staff

Are any items not included in the sale?
All included as per assets register.

What is their overall condition?
Excellent working condition.

Do any require repairing?
None, all very well kept.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
Water dispenser

Will Seller settle or Buyer to take over?
Buyer

Are copies of agreements available?
Yes

Are they presently insured?
Yes, full comprehensive insurance in place.

Strengths?
Very well located, sought after brand and very well supported, qualified staff well trained, service offering in demand, solid client base in place.

Weaknesses?
Staff dependant

Opportunities?
Promotional marketing to increase Nett profits

Threats?
No direct threats.

What is the reason for the sale?
Owner has other business commitments

Other listings by Werner
R 210KZAR
Added : 13 Aug 2019 60
Yearly profit : R46,780
KwaZulu-Natal
R 18.50MZAR
Added : 6 Aug 2019 171
Yearly profit : R7,131,567
KwaZulu-Natal
R 3.25MZAR
Added : 3 Aug 2019 146
Yearly profit : R1,168,673
KwaZulu-Natal
FRANCHISE DETAILS

Aldes Zululand

2 members
35 active mandates
KwaZulu-Natal
28 Bronze Street
3880

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.15MZAR
Franchise
Added : 14 Aug 2019 276
Yearly profit : R634,529
Gauteng
R 695KZAR
Added : 20 Jul 2019 208
Yearly profit : R296,614
Gauteng
R 700KZAR
Added : 18 Jun 2019 243
Yearly profit : R148,967
KwaZulu-Natal
R 1.45MZAR
Franchise
Added : 15 Jun 2019 402
Yearly profit : R725,909
Gauteng
R 703KZAR
Added : 8 Jun 2017 1625
Yearly profit : R248,179
Western Cape

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 740KZAR
Franchise
Added : 15 Aug 2019 52
Yearly profit : R345,000
Gauteng
R 1.15MZAR
Franchise
Added : 14 Aug 2019 276
Yearly profit : R634,529
Gauteng
R 1.50MZAR
Added : 14 Aug 2019 70
Yearly profit : R616,688
Gauteng
R 1.20MZAR
Franchise
Added : 13 Aug 2019 102
Yearly profit : R759,430
Gauteng
R 1.40MZAR
Franchise
Added : 13 Aug 2019 85
Yearly profit : R688,534
Gauteng
R 1.54MZAR
Franchise
Added : 12 Aug 2019 88
Yearly profit : R589,000
Gauteng
R 2.00MZAR
Franchise
Added : 12 Aug 2019 71
Yearly profit : R874,035
Gauteng
R 1.68MZAR
Added : 7 Aug 2019 118
Yearly profit : R504,826
Gauteng