Fully describe the business's activities?
The salon does hair, nails, pedicures, waxes, facials and many other beauty treatments.
How long has the business been established?
The business was opened in the current location 8 years ago.
How long has the owner had the business?
The owner started the business 8 years ago.
How does the business operate on a daily basis?
Regular and walk in clients book for hair and beauty treatments.
How are the clients attracted to the business?
The business has been in the same spot since 2008 and is well known and has build up a regular client base. The business advertise on Facebook, Instagram and sign boards are visual.
What Advertising/Marketing is carried out?
Facebook, Instagram and Signboards.
Does the business have any contract work?
The business has long standing clients which pay for the treatments cash or by swiping their cards.
What competition exists?
There are many other salons, none close by and this business has regular and loyal clients.
What are the seasonal trends?
The sales are steady throughout the year and no seasonal trends are noted.
Is the business VAT Registered?
The business is not VAT registered.
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Management accounts for the period March to September 2019 are on file.
What Balance Sheet and Income Statements are available?
AFS for the year ended February 2019 are on file. We have two sets of financials as the bookkeeper advised the seller to split the financials to maximize tax benefits.
What percentage of the business is cash/credit?
100% cash and credit card swipes. No accounts are offered.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
More marketing Better stock control Active management
Is Seller finance available and for what amount?
The seller is open to reasonable offers.
What is the total staff complement?
The total staff compliment is 8.
Give a breakdown of staff/ functions/ length of service?
We have a detailed staff list on file for serious buyers.
Do any receive special perks or incentives?
No special perks or incentives are offered to the staff.
When does the current lease end?
The current lease expires on 31st October 2019.
Is there an option of renewal & what period?
The lease may be negotiated with the landlord.
What is the annual escalation %?
What are the trading hours?
The hours are up to the owner. Normally 8am to 5pm Monday to Friday and 9am to 3pm on Saturdays.
What is the square meters of the business?
To be confirmed.
Who is the Owner/Landlord?
The landlord details will be made available to serious buyers during due diligence.
Is a copy of the lease available?
A copy of the lease will be made available during due diligence.
Do you require a licence?
No license is required.
What lease deposit and/or other surety is required?
The landlord will expect two months rental as a deposit.
What are the main assets of the business?
Are any items not included in the sale?
All assets as seen on the asset list will form part of the sale.
What is their overall condition?
The assets are in good condition.
Do any require repairing?
The owner repairs equipment when required.
How have they been valued ?
The owner valued the stock and assets at cost and replacement value.
Which assets are on lease/HP and with whom?
The assets are unencumbered.
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
The business and its assets are comprehensively insured.
The business has been in operation for 11 years and 8 years in the current location with long-standing clients.
An energetic operator is needed to take this business to higher levels.
More advertising. Employ more therapists and hairstylists.
General economic decline.
What is the reason for the sale?
The owner is relocating.
Why is this a good business?
The business has been in operation for 11 years, 8 years in the current shop, in a very good location.
What is the price plus stock and the profit?
The price for the business is R750,000 excluding stock of +/- R50,000.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million