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Annual turnover

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  • Mandate: 32454
  • Added: 14 Sep 2018
  • AFS
  • 72

Established and popular beauty salon in shopping centre

KwaZulu-Natal, Durban
72
Mandate 32454
Added 14 Sep 2018
R 570,000* ZAR
Stock: R 75,000
Assets: R 0
R 28,866 ZAR
Gary Gower
Aldes Ambassadors
KwaZulu-Natal, ballito
KwaZulu-Natal, ballito
Summary

Established and popular beauty salon in shopping centre

SELLING PRICE AFS
R 570,000* ZAR
Stock: R75,000
Assets: R0
R 28,866 ZAR
Summary

Established and popular beauty salon in shopping centre

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Fully describe the business's activities?
This beauty salon is known in the Industry as a specialist skincare centre. Clients are assisted in all aspects of treating and maintaining their skin. Although they are marketed as a skincare centre, all kinds of therapy are provided, including waxing, manicures, pedicures, micro-needling, massages and gelish nails. They offer a service as well as a retail environment, stocking some of the top brands in the country

How long has the business been established?
The business was established in 2007. Present owner took over in 2015

How long has the owner had the business?
3 years

How does the business operate on a daily basis?
The business has a large regular client base, who book their treatments on a regular basis. New clients are introduced via word of mouth and an active website. The business is situated on the side of a small shopping centre and does enjoy some walk in trade. The Salon is very tastefully set out and exudes an air of peace and tranquility.

What Advertising/Marketing is carried out?
The business has a very active website and they make use of Facebook Marketing and other social media. They send out weekly specials via email and WhatsApp

What competition exists?
There are other salons in the area but this is the only one that can be considered a one stop shop

What are the seasonal trends?
The Salon is consistently busy throughout the year. Peak trading times are usually between November and March. A large percentage of clients are repeat clients. The sale of gift vouchers and the proximity of surrounding businesses keep a consistent flow of clients throughout the year.

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Monthly management accounts are produced using ESP software specifically designed for salons

What percentage of the business is cash/credit?
20% cash, 80% credit card

How could the profitability of the business be improved?
Actively target the local businesses and get involved in their wellness days, proactively approach a local girls school with a special offer. Consider creating a nail bar as nails are not seasonal

Is Seller finance available and for what amount?
No

What is the total staff complement?
2 permanent beauty therapists 1 temp cleaner

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
One of the therapists has management potential

How involved is the Owner in running the business?
Every day

When does the current lease end?
End of November 2018. The landlord will be happy to negotiate a 3 year lease with the new owner with an option to renew for a further 2 years

Is there an option of renewal & what period?
See above

What is the annual escalation %?
Currently 7%

What are the trading hours?
Tuesday to Friday 08:00 to 17:00 , Saturdays 08:00 to 15:30 Offer late appointments to clients on request

What is the square meters of the business?
115m2

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
One month’s rent is required as a deposit

What are the main assets of the business?
A complete asset list is available

Are any items not included in the sale?
No

What is their overall condition?
Good to very good

Do any require repairing?
No

How have they been valued ?
Owners' valuation of R218k

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

Are they presently insured?
Yes

Strengths?
Established business with a loyal client base Great products and professional service

Weaknesses?
The business is not open on Mondays

Opportunities?
The premises lends itself to adding a permanent nail bar which would increase turnover and profit Opening for business on Mondays will definitely increase business Business will also increase if the new owner is a qualified therapist

Threats?
There are other salons within a kilometer of this one but they do not offer the full range of services that this one does

What is the reason for the sale?
The owner is emigrating

Why is this a good business?
The salon has been operating for many years in the area, and the turnover has increased from year to year. It is beautifully furnished and presents a tranquil and professional haven for clients to enjoy professional beauty treatments. The salon is ideally situated in a busy residential and business area

What is the price plus stock and the net profit?
Asking price is R495 000 excluding stock of approximately R75 000. Total selling price of R570 000 Net profit is R346 000 per annum

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FRANCHISE DETAILS

Aldes Ambassadors

2 members
9 active mandates
KwaZulu-Natal , ballito
29 Kyalami Park Cnr Douglas Crowe drive & Stewart Drive Ballito
ballito
4051

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