Sectors / Category

Annual turnover

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  • Mandate: 33454
  • Added: 17 Sep 2019
  • AFS
  • 336

A professional hair studio with a book based on 26 years of service to the industry. Current owner is a master hair dresser.

Gauteng, Johannesburg
336
Mandate 33454
Added 17 Sep 2019
R 240,000* ZAR
Stock: R 5,000
Assets: R 200,000
R 33,750 ZAR
Gregory Grose
(PRINCIPAL)
Aldes Masters
Gauteng, Boksburg
Gauteng, Boksburg
Summary

This professional hair salon offers expert service and hair products to the local market. Situated in a busy location with great exposure the current owner has operated for the last 26 years and is looking at retiring. A great opportunity to establish yourself in this line and pick up the local trade in the area

SELLING PRICE AFS
R 240,000* ZAR
Stock: R5,000
Assets: R200,000
R 33,750 ZAR
Summary

This professional hair salon offers expert service and hair products to the local market. Situated in a busy location with great exposure the current owner has operated for the last 26 years and is looking at retiring. A great opportunity to establish yourself in this line and pick up the local trade in the area

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please supply us with your details below

Fully describe the business's activities?
Professional hair stylist

How long has the business been established?
26 years

How long has the owner had the business?
26 YEARS

How does the business operate on a daily basis?
Seven days a week - Appointments and walk-ins

How are the clients attracted to the business?
The name The stylists The location

What Advertising/Marketing is carried out?
Word of mouth High traffic volume

Does the business have any contract work?
No

What competition exists?
A number of hair studios in the area

What are the seasonal trends?
None

Is the business VAT Registered?
No

What VAT documentation is on file?
No

Are there up-to-date Management Accounts available?
No

What Balance Sheet and Income Statements are available?
None

What is the age analysis of the debtors book?
Zero - Services paid for immediately

How could the profitability of the business be improved?
Increased awareness, additional chair rentals

Is Seller finance available and for what amount?
No

What is the total staff complement?
4, 3 contractors, 1 permanent

Do any receive special perks or incentives?
No

Are they on contract?
Yes, they rent seats and space and use their own stock

How involved is the Owner in running the business?
100%

When does the current lease end?
24 months

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10%

What are the trading hours?
Mon-Fri 8am–5pm Sat 8am–4:30pm Sun 10am–1pm

What is the square meters of the business?
60

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
Shop Fitting and accessories

Are any items not included in the sale?
No

What is their overall condition?
Very Good

Do any require repairing?
No

How have they been valued ?
Owner Valuation

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
N/a

Will Seller settle or Buyer to take over?
Seller prepared to rent a chair

Are copies of agreements available?
Yes

Strengths?
Established Upmarket Professional Location

Weaknesses?
1 owner

Opportunities?
Increase seat rentals Increase marketing Location very attractive

Threats?
Rental escalations Home competitors

What is the reason for the sale?
Owner looking at retiring

Why is this a good business?
Established, great location, very visible, catchy name

What is the price plus stock and the profit?
R 200 000 plus stock in the order of R 6k to R 10k

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FRANCHISE DETAILS

Aldes Masters

1 members
9 active mandates
Gauteng , Boksburg
167 Heidelberg Road Boksburg
Boksburg
1459

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