"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
The Hair salon offers a higher standard of hairdressing, satisfied clients and passionate stylists with a complete range of hair salon treatments and affordable blow-dryâs in a relaxed, funky environment. The range of specialized treatments include gorgeous locks, Cuts, Colour, Brazilians, Braiding not to mention the more targeted treatments like Brazilian blowouts.
How long has the business been established?
2 years
How long has the owner had the business?
2 years
How does the business operate on a daily basis?
Mon-Fri: 07:00 â 18:00 | Sat: 08:00 â 17:00 | Sun: 09:00 â 15:00
How are the clients attracted to the business?
Online marketing
Situated in a high-end luxury centre
Word of mouth
Strong existing client base
What competition exists?
None in the existing centre
What are the seasonal trends?
Winter months are less busy
Is the business VAT Registered?
Yes
What VAT documentation is on file?
Yes, will be disclosed during due diligence
Are there up-to-date Management Accounts available?
Yes, will be disclosed during due diligence
What Balance Sheet and Income Statements are available?
Yes, will be disclosed during due diligence
What percentage of the business is cash/credit?
100% cash
How could the profitability of the business be improved?
Appointing additional stylists
Online marketing spend increase
What is the total staff complement?
14 staff
Are they on contract?
Yes all on contract
Do any have management potential?
Yes
How involved is the Owner in running the business?
3-5 days a week
When does the current lease end?
2020
What is the annual escalation %?
8%
What is the square meters of the business?
100 sq
Is a copy of the lease available?
Yes, will be disclosed during due diligence
What lease deposit and/or other surety is required?
R120,000 deposit
What are the main assets of the business?
Furniture and fittings
What is their overall condition?
Good working condition
Which assets are on lease/HP and with whom?
None
Are they presently insured?
Yes all insured
Strengths?
Modern design shop with an established clientele
Weaknesses?
Economy
Opportunities?
Appointing of additional stylists
Threats?
Economy
What is the reason for the sale?
The shareholders wish to pursue different business opportunities
Why is this a good business?
Easy to manage with growth potential
What is the price plus stock and the profit?
R1,800,000
Profit R754,000
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