Fully describe the business's activities?
Professional hair stylist
How long has the business been established?
How long has the owner had the business?
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?
What competition exists?
A number of hair studios in the area
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
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?
What is the total staff complement?
4, 3 contractors, 1 permanent
Do any receive special perks or incentives?
Are they on contract?
Yes, they rent seats and space and use their own stock
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Mon-Fri 8amâ5pm Sat 8amâ4:30pm Sun 10amâ1pm
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Shop Fitting and accessories
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?
Will Seller settle or Buyer to take over?
Seller prepared to rent a chair
Are copies of agreements available?
Established Upmarket Professional Location
Increase seat rentals Increase marketing Location very attractive
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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Annual Turnover Amount between R 500 thousand and R 6 million