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?
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?
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?
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 %?
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?
Do any require repairing?
How have they been valued ?
Are they presently insured?
Well known and established salon in top shopping centre in the northern suburbs of Johannesburg
Pursue further business with more marketing and offering specials and loyalty programmes
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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