Sectors / Category

Annual turnover

|
  • Mandate: 33448
  • Added: 27 Aug 2019
  • AFS
  • 379

Ethnic Hair and Beauty Salon

Gauteng, Pretoria
379
Mandate 33448
Added 27 Aug 2019
R 1,600,000* ZAR
Stock: R 100,000
Assets: R 0
R 65,904 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Established for 6 years, very skilled staff. Room to expand

Ethnic Hair and Beauty Salon
SELLING PRICE AFS
R 1,600,000* ZAR
Stock: R100,000
Assets: R0
R 65,904 ZAR
Summary

Established for 6 years, very skilled staff. Room to expand

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

Fully describe the business's activities?
Hair and beauty salon offering complete makeover in sophisticated but traditional salon - hair, nails, eyelash and eyebrow treatments offered.

How long has the business been established?
The owner started the business 6 years ago.

How does the business operate on a daily basis?
The business is opened and closed daily by the staff and services clients by appointment as well as walk in clients

How are the clients attracted to the business?
The business is situated in a busy mall in the North of Pretoria.

What Advertising/Marketing is carried out?
Social media & inside Mall Adverts

What competition exists?
One other salon in the Mall

What are the seasonal trends?
The business is fairly stable with no real noticeable trends.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Owner has provided us with management accounts from July 2018 to July 2019

What percentage of the business is cash/credit?
No credit - 100% Cash

How could the profitability of the business be improved?
By carrying more stock the business can provide more variety to clients and sell more retail items.

What is the total staff complement?
2 Permanent and 8 commission based for 8 years

Give a breakdown of staff/ functions/ length of service?
2 receptionists and store managers 8 stylists (1 to 5 years)

Do any receive special perks or incentives?
Salaries are determined by the amount of time spent per client

Are they on contract?
2 receptionists are permanent 5 Stylists are on a 12 month renewable contract

Do any have management potential?
Yes, the two receptionists

How involved is the Owner in running the business?
Owner is employed full time and only manages the business accounts.

When does the current lease end?
In 2 ½ years

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
9:00 to 19:00

What is the square meters of the business?
74 m2

Who is the Owner/Landlord?
Broll

What lease deposit and/or other surety is required?
3 times the monthly lease

What are the main assets of the business?
Salon setup Equipment Staff

Are they presently insured?
Yes

Strengths?
The business is established in a busy mall Well trained staff Location

Weaknesses?
Owner is not involved Not enough cash flow to carry more stock

Opportunities?
Carry more stock to offer more services and retail items.

Threats?
None were identified

What is the reason for the sale?
Owner does not have enough time to spend on the business.

Why is this a good business?
The business is capable of operating with limited owner involvement.

What is the price plus stock and the profit?
Selling price of R1.6mil

Other listings by Driekie
R 950KZAR
Franchise
Added : 24 Oct 2019 288
Yearly profit : R43,560
Gauteng
R 2.25MZAR
Added : 22 Oct 2019 205
Yearly profit : R1,616,407
Gauteng
R 0KZAR
Added : 18 Oct 2019 172
Yearly profit : R220,047
Gauteng
FRANCHISE DETAILS

Aldes Focus

6 members
51 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.80MZAR
Added : 23 Oct 2019 549
Yearly profit : R768,350
Gauteng
R 802KZAR
Added : 10 Oct 2019 322
Yearly profit : R702,444
Gauteng
R 1.45MZAR
Added : 7 Sep 2019 421
Yearly profit : R728,074
Gauteng
R 1.15MZAR
Franchise
Added : 14 Aug 2019 726
Yearly profit : R634,529
Gauteng
R 2.40MZAR
Added : 30 Jul 2019 512
Yearly profit : R985,692
Gauteng
R 1.20MZAR
Added : 18 Jan 2019 854
Yearly profit : R67,176
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.05MZAR
Franchise
Added : 15 Nov 2019 36
Yearly profit : R588,000
Gauteng
R 1.52MZAR
Added : 13 Nov 2019 118
Yearly profit : R822,607
Gauteng
R 880KZAR
Added : 12 Nov 2019 87
Yearly profit : R488,844
Gauteng
R 350KZAR
Added : 4 Nov 2019 206
Yearly profit : R218,299
Gauteng
R 1.25MZAR
Added : 4 Nov 2019 181
Yearly profit : R483,519
Gauteng
R 295KZAR
Franchise
Added : 1 Nov 2019 221
Yearly profit : R268,820
Gauteng
R 1.75MZAR
Added : 28 Oct 2019 274
Yearly profit : R1,560,022
Gauteng
R 2.16MZAR
Added : 28 Oct 2019 259
Yearly profit : R1,039,788
Gauteng