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Annual turnover

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  • Mandate: 33261
  • Added: 20 Jul 2019
  • AFS
  • 875

Medical Aesthetics Skincare and Beauty Salon in Sandton

Gauteng,
875
Mandate 33261
Added 20 Jul 2019
R 695,000* ZAR
Stock: R 105,000
Assets: R 320,000
R 24,718 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

This Medical Aesthetics salon offers a wide range of treatments, including laser, treatments for men, botox, slimming, nails, permanent make up, skin treatments, waxing, massages, and lashes.

Medical Aesthetics Skincare and Beauty Salon in Sandton
SELLING PRICE AFS
R 695,000* ZAR
Stock: R105,000
Assets: R320,000
R 24,718 ZAR
Summary

This Medical Aesthetics salon offers a wide range of treatments, including laser, treatments for men, botox, slimming, nails, permanent make up, skin treatments, waxing, massages, and lashes.

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Fully describe the business's activities?
This salon offers a wide range of treatments, including laser, bello, botox, slimming, nails, permanent make up and a wide range of skin treatments in an attractive well laid out shop with three treatment rooms and nail and pedicure stations

How long has the business been established?
The business has been operating for 6 years

How long has the owner had the business?
The current owners have operated the salon for the last three years

How does the business operate on a daily basis?
The owners share shifts between them and with two therapists perform all treatments

How are the clients attracted to the business?
The shop is situated in an upmarket shopping centre in Sandton

What Advertising/Marketing is carried out?
They have a web site where clients can set up appointments online, they also utilise social media such as face book and instagram, they also regularly set up a booth in the main mall

Does the business have any contract work?
No just regular repeat clients

What competition exists?
There is another salon in the mall

What are the seasonal trends?
Busier in summer months

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Management accounts from the accountant

What percentage of the business is cash/credit?
Mostly EFT or credit/debit card payments

How could the profitability of the business be improved?
Further marketing and selling more services and products to existing clients, running specials to existing and potential clients

Is Seller finance available and for what amount?
No

What is the total staff complement?
Besides the two owners there are two other staff members

Do any receive special perks or incentives?
Staff receive commission on product sales

Are they on contract?
LOA

How involved is the Owner in running the business?
The two owners are both involved with one working mornings and the other afternoons

When does the current lease end?
The current lease expires in October 2019

Is there an option of renewal & what period?
Yes, normally 3 years

What is the annual escalation %?
8%

What are the trading hours?
Monday to Saturday 09h00 to 18h00 Sundays and public holidays 09h00 to 15h00

What is the square meters of the business?
58 square metres

Do you require a licence?
No licence required

What are the main assets of the business?
Assets valued at R321 000 including a laser machine valued at R220 000

What is their overall condition?
Excellent condition

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation

Are they presently insured?
Yes

Strengths?
Well known and established salon in top shopping centre in the northern suburbs of Johannesburg

Weaknesses?
None known

Opportunities?
Pursue further business with more marketing and offering specials and loyalty programmes

Threats?
Only the economy

What is the reason for the sale?
The owners wish to pursue other interests

Why is this a good business?
Well position with good staff and product offerings

What is the price plus stock and the profit?
Selling at R590 000 plus stock of approximately R30 000 including laser machine valued at R220 000. Earnings shown are before owners drawings

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FRANCHISE DETAILS

Aldes Central

1 members
7 active mandates
Gauteng
Nillsord Avenue
2026

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