Fully describe the business's activities?
A professional, upmarket and well established hair salon that pays attention to every detail. "Passion for hair is our creative flair..."
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Bookings/ appointments are made and clients attend the salon.
How are the clients attracted to the business?
A large number of clients form the core of repeat business. New clients are often referred via word of mouth. Clients stay loyal for extended periods of time due to the particular care and attention that each person receives.
What Advertising/Marketing is carried out?
In addition to word of mouth, social media is used, being facebook and instagram
Does the business have any contract work?
What competition exists?
Naturally there are other salons in the vicinity but none with the same sized repeat customer base due to the exceptional reputation of this salon.
What are the seasonal trends?
No real seasonal flux - the salon is busy all year round - with a slight decrease only in February.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes - year to date
What Balance Sheet and Income Statements are available?
Draft AFS 2019
What percentage of the business is cash/credit?
NO accounts. All direct income comprised of 30% cash and 70% credit card.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
The business is optimally structured and staffed, expenses are kept low. Sales can be increased with a vigorous marketing campaign.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1 x receptioninst 2 x shampooists 2 x hairstylists
Do any receive special perks or incentives?
Are they on contract?
No, all staff are permanently employed.
Do any have management potential?
How involved is the Owner in running the business?
Fully involved - day-to-day management
When does the current lease end?
Is there an option of renewal & what period?
yes, another 2 years
What is the annual escalation %?
What are the trading hours?
Tuesday to Friday, 8.00am to 4.30pm Saturday 8.00am to 1.00pm
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
One month's rent and personal surety.
What are the main assets of the business?
Furniture, fittings, general salon equipment
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Are they presently insured?
Well established business; excellent reputation; solid track record over 3 decades; very professional business
Not in a shopping centre
Creative marketing by collaborating with like-minded individuals and businesses to host events like makeover evenings and networking.
What is the reason for the sale?
Why is this a good business?
A buyer would step right into the seller's shoes and continue with large, loyal client base giving repeat business. No setup costs or time lag building reputation - this business is profitable from day one. The owner will continue for up to 6 months with handover, client introduction and transition.
What is the price plus stock and the profit?
R1 300 000
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million