Fully describe the business's activities?
FRANCHISE OPPORTUNITY AVAILABLE: Great opportunity to own one of the most exclusive and upmarket salons in Pretoria. The salon provides a wide variety of aesthetic beauty, nail, and hair services to a large client base. This salon is a "one-stop-shop" for all your hair and beauty needs. This business is an existing franchise with great opportunity. NOTE: We've provided the last 12-months turnover figures and major expenses. The business is not currently showing a profit. The Turnover has increased consistently since inception. New Franchises sells for R1.8 - R2.2 million. Give the broker a call to find out more
How long has the business been established?
The owner started the business in 2017.
How are the clients attracted to the business?
The Franchise does marketing on a national basis, focused mainly on online and social media marketing.
What competition exists?
No other competition was identified in the area. They have exclusivity in the center to be the only beauty salon.
What are the seasonal trends?
Summer is always busy, winter tends to be the quieter time of the year.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
The owner provided us with figures from their in-house system. NOTE: We've provided the last 18-months turnover figures and major expenses. The business is not currently showing a profit. The Turnover has increased consistently since inception. New Franchises sells for R1.8 - R2.2 million.
How could the profitability of the business be improved?
A new owner should focus on more local marketing for the business. Employ a stylist with her own client base
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 x beauty therapists 3 x nail technicians 1 x operator 2 x stylist/barber The owner is in the process to employ a manager.
Do any receive special perks or incentives?
All staff receive a basic salary and commission.
Are they on contract?
Do any have management potential?
The owner is in the process of employing manager.
How involved is the Owner in running the business?
The owner is currently on maternity leave and not involved in the business on a day-to-day basis.
When does the current lease end?
The currently lease ends August 2020 with an option to renew fro another 3 years.
What is the annual escalation %?
What are the trading hours?
Monday - Friday 09:00 - 18:00 Saturday - 08:30 - 17:00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
2 months rental deposit.
What are the main assets of the business?
A full asset list will be provided.
Are any items not included in the sale?
What is their overall condition?
Everything is in a good and working condition. This is a new franchise and all assets and shopfitting is brand new.
How have they been valued ?
Owners valuation has been used.
Which assets are on lease/HP and with whom?
Are they presently insured?
Yes - The business is comprehensively insured.
- Large customer base for a new franchise; - High quality products and services offering to clients(more aesthetic beauty treatments); - Part of a well known Franchise Group - Word-of-mouth marketing
- Currently no owner involvement
- New owner should focus on Marketing - Employ a good stylist with an existing client base.
- Staff turnover is high in this industry.
What is the reason for the sale?
The owner would like to spend time with her family and unable to grown the business in this stage of her life.
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Annual Turnover Amount between R 500 thousand and R 6 million