Fully describe the business's activities?
This Barbershop offers haircuts to mostly men.
How long has the business been established?
The business has been operating since 2008.
How long has the owner had the business?
How does the business operate on a daily basis?
The business is operated from a rented premises ,at a Filling station ,next to a busy main road.
How are the clients attracted to the business?
Word of mouth , little marketing is carried out.
What Advertising/Marketing is carried out?
Presently very little marketing is done or needed ,as the business is well known in the local area.
Is the business VAT Registered?
No , the business is not Vat registered.
Are there up-to-date Management Accounts available?
Yes ,detailed management accounts are available.
What percentage of the business is cash/credit?
Most sales are paid by card , some cash payment are recieved.
What is the total staff complement?
1 staff member is employed other than the owner.
Give a breakdown of staff/ functions/ length of service?
The hairdresser has been with the business for several years.
Are they on contract?
Yes , the employee is under contract.
Do any have management potential?
Yes , the employee can manage the business when the owner is not available.
How involved is the Owner in running the business?
The owner works in the business full time.
What are the trading hours?
Mon to Friday 8 to 5. Wed 8 to 6. Sat 9 to 1.
What is the square meters of the business?
What are the main assets of the business?
furniture , office equipment and hairdressing equipment ,are the main assets of the business.
What is their overall condition?
All equipment is in fair working order.
Do any require repairing?
No repairs are needed at present.
Well established business with many regular clients. Easy to manage.
If the buyer is not a hairdresser , one will have to be appointed.
Additional marketing , especially of specials , will improve sales.
No threats could be identified at present.
What is the reason for the sale?
The owner is emigrating.
Why is this a good business?
Stable profits , easy to manage.
What is the price plus stock and the net profit?
R 650 000 (excl stock). R 26 248 profit per month.
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