Sectors / Category

Annual turnover

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  • Mandate: 33550
  • Added: 23 Oct 2019
  • AFS
  • 827

Modern Hair Salon

Gauteng, Johannesburg
827
Mandate 33550
Added 23 Oct 2019
R 1,800,000* ZAR
Stock: R 350,000
Assets: R 500,000
R 64,029 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Fourways
Gauteng, Fourways
Summary

Modern Hair Salon
SELLING PRICE AFS
R 1,800,000* ZAR
Stock: R350,000
Assets: R500,000
R 64,029 ZAR
Summary

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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-dry’s 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 – 18:00 | Sat: 08:00 – 17:00 | Sun: 09:00 – 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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FRANCHISE DETAILS

Aldes Infinity

1 members
11 active mandates
Gauteng , Fourways
205 Rivonia Road Morningside Sandton
Fourways

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