Sectors / Category

Annual turnover

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  • Mandate: 33448
  • Added: 15 Jul 2020
  • AFS
  • 1494

Ethnic Hair and Beauty Salon

Gauteng, Pretoria
1494
Mandate 33448
Added 15 Jul 2020
R 1,100,000* ZAR
Stock: R 100,000
Assets: R 0
R 42,064 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Established for 7 years, very skilled staff. Room to expand

Ethnic Hair and Beauty Salon
SELLING PRICE AFS
R 1,100,000* ZAR
Stock: R100,000
Assets: R0
R 42,064 ZAR
Summary

Established for 7 years, very skilled staff. Room to expand

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Fully describe the business's activities?
Franchised Hair and beauty salon offering complete makeover in sophisticated traditional salon - hair, nails, eyelash and eyebrow treatments offered.

How long has the business been established?
The owner started the business 7 years ago.

How does the business operate on a daily basis?
The business is opened and closed daily by the staff and services clients by appointment as well as walk in clients

How are the clients attracted to the business?
The business is situated in a busy mall in the North of Pretoria.

What Advertising/Marketing is carried out?
Social media & inside Mall Adverts

What competition exists?
One other salon in the Mall

What are the seasonal trends?
The business is fairly stable with no real noticeable trends.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Owner has provided us with management accounts from March 2018 until December 2019

What percentage of the business is cash/credit?
No credit - 100% Cash

How could the profitability of the business be improved?
By carrying more stock the business can provide more variety to clients and sell more retail items.

What is the total staff complement?
2 Permanent and 8 commission based for 8 years

Give a breakdown of staff/ functions/ length of service?
2 receptionists and store managers 8 stylists (1 to 5 years)

Do any receive special perks or incentives?
Salaries are determined by the amount of time spent per client

Are they on contract?
2 receptionists are permanent 5 Stylists are on a 12 month renewable contract

Do any have management potential?
Yes, the two receptionists

How involved is the Owner in running the business?
Owner is employed full time and only manages the business accounts.

When does the current lease end?
In 2 years

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
9:00 to 19:00

What is the square meters of the business?
74 m2

Who is the Owner/Landlord?
Broll

What lease deposit and/or other surety is required?
3 times the monthly lease

What are the main assets of the business?
Salon setup Equipment Staff

Are they presently insured?
Yes

Strengths?
The business is established in a busy mall Well trained staff Location Franchised store - owner thus available to train and assist where necessary

Weaknesses?
Owner is not involved Not enough cash flow to carry more stock

Opportunities?
Carry more stock to offer more services and retail items.

Threats?
None were identified

What is the reason for the sale?
Owner does not have enough time to spend on the business.

Why is this a good business?
The business is capable of operating with limited owner involvement.

What is the price plus stock and the profit?
Selling price of R850 000 + R150 000 Franchising Fee including stock of R100 000

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FRANCHISE DETAILS

Aldes Focus

5 members
62 active mandates
Gauteng
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
0081

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