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Annual turnover

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  • Mandate: 32691
  • Added: 18 Jan 2019
  • AFS
  • 1024

Established Sought After Beauty Salon - Franchise

KwaZulu-Natal, North Coast
1024
Mandate 32691
Added 18 Jan 2019
R 1,200,000* ZAR
Stock: R 350,000
Assets: R 1,250,000
R 6,718 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Popular franchise beauty salon established in a very busy mall. Qualified staff in place, business showing a steady growth in 2nd year after set up. Clientele established and growing fast, owner have moved out the area and is committed to another business. New franchise set up cost between R 1 800 000.00 & R 2 000 000.00. Great opportunity for anyone to buy into the group at reduced cost.

Established Sought After Beauty Salon - Franchise
SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R350,000
Assets: R1,250,000
R 6,718 ZAR
Summary

Popular franchise beauty salon established in a very busy mall. Qualified staff in place, business showing a steady growth in 2nd year after set up. Clientele established and growing fast, owner have moved out the area and is committed to another business. New franchise set up cost between R 1 800 000.00 & R 2 000 000.00. Great opportunity for anyone to buy into the group at reduced cost.

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Fully describe the business's activities?
Beauty Salon (Franchise) - Retail & Services.

How long has the business been established?
March 2017

How long has the owner had the business?
Estabished March 2017

How does the business operate on a daily basis?
Staff in place with management potential that opens and closes the business daily. Owner gets to the business once a week due to other business commitments. Owner oversees financial side of business, staff conduct daily stock take and request stock orders.

How are the clients attracted to the business?
Very well located in a busy mall, reputable brand (Franchise). Service offering in demand as people in general is more health conscious.

What Advertising/Marketing is carried out?
Promotional work, National advertising by the franchisor & local centre management.

What competition exists?
No direct competition in the mall.

What are the seasonal trends?
Busy times are during December, School holidays & major events i.e. Matric Farewell, Weddings

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date, available to serious enquiries during due diligence stages

Are there up-to-date Management Accounts available?
Up to Date, available to serious enquiries during due diligence stages

What Balance Sheet and Income Statements are available?
Up to Date, available to serious enquiries during due diligence stages

What percentage of the business is cash/credit?
85% Credit Card, 15% Cash

How could the profitability of the business be improved?
More promotional marketing, incentives.

What is the total staff complement?
10 Staff

Give a breakdown of staff/ functions/ length of service?
2 Admin, 4 Therapist, 3 Nail technicians, 1 Salon assistant.

Do any receive special perks or incentives?
Commission incentives

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
20% in the everyday running of the business.

When does the current lease end?
February 2022

Is there an option of renewal & what period?
Yes, further 5 years

What is the annual escalation %?
5 - 8 %

What are the trading hours?
Mon - Thurs 9am - 6pm, Fri 9am - 7pm, Sat 9am - 5pm, Sun 9am 3pm

What is the square meters of the business?
72 sqm

Who is the Owner/Landlord?
JHI

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
R 102 000.00

What are the main assets of the business?
Shop fittings, Equipment, Stock & Staff

Are any items not included in the sale?
All included as per assets register.

What is their overall condition?
Excellent working condition.

Do any require repairing?
None, all very well kept.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
Water dispenser

Will Seller settle or Buyer to take over?
Buyer

Are copies of agreements available?
Yes

Are they presently insured?
Yes, full comprehensive insurance in place.

Strengths?
Very well located, sought after brand and very well supported, qualified staff well trained, service offering in demand, solid client base in place.

Weaknesses?
Staff dependant

Opportunities?
Promotional marketing to increase Nett profits

Threats?
No direct threats.

What is the reason for the sale?
Owner has other business commitments

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FRANCHISE DETAILS

Aldes Zululand

2 members
31 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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