Sectors / Category

Annual turnover

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  • Mandate: 34087
  • Added: 26 Jun 2020
  • AFS
  • 331

Flagship Beauty Salon

Gauteng, Midrand Area
331
Mandate 34087
Added 26 Jun 2020
R 3,300,000* ZAR
Stock: R 300,000
Assets: R 914,000
R 109,785 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Franchised Beauty Salon in Great Location

Flagship Beauty Salon
SELLING PRICE AFS
R 3,300,000* ZAR
Stock: R300,000
Assets: R914,000
R 109,785 ZAR
Summary

Franchised Beauty Salon in Great Location

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Fully describe the business's activities?
The business activities include manicures, pedicures, skin care treatments and various massages.

How long has the business been established?
14 years

How long has the owner had the business?
9 years

How does the business operate on a daily basis?
The business is operated by the store manager, while the owner oversees the finances and stock.

How are the clients attracted to the business?
Head office marketing Loyalty programs Store location and signage is excellent

What Advertising/Marketing is carried out?
Head Office Marketing Fund, which is used for online and other media platform advertising

How did the Covid-19 pandemic impact the business turnover / daily operations?
The business has been closed and operations only restarted on 22 June 2020.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The shop has been fitted with all the requirements as prescribed by the law and 100% cleared for business activities.

Is the business VAT Registered?
Yes, will be disclosed during the due diligence

What VAT documentation is on file?
Yes, will be disclosed during the due diligence

Are there up-to-date Management Accounts available?
Yes, will be disclosed during the due diligence

What Balance Sheet and Income Statements are available?
Yes, will be disclosed during the due diligence

What percentage of the business is cash/credit?
100% cash

How could the profitability of the business be improved?
The seller has recently streamlined the operations to ensure excessive costs are reduced, and the new lease terms have been renegotiated on new terms.

What is the total staff complement?
15 staff members in total : (3 permanent) (12 commission basis only)

Give a breakdown of staff/ functions/ length of service?
Will be disclosed during the due diligence

Do any have management potential?
Yes, will be disclosed during the due diligence

When does the current lease end?
There is a new 5 years lease in place.

Is there an option of renewal & what period?
Yes, will be disclosed during the due diligence

What is the annual escalation %?
5%

What are the trading hours?
Mon - Fri 9:00 - 18:00 Sat 9:00 - 17:00 Sundays 9:00 - 14:00

What is the square meters of the business?
98 sqm

Is a copy of the lease available?
Yes, will be disclosed during the due diligence

What lease deposit and/or other surety is required?
R75,000

What are the main assets of the business?
Yes, will be disclosed during the due diligence

Are any items not included in the sale?
Seller's personal laptop

What is their overall condition?
Shop was recently revamped and upgraded, the next revamp only due in 5 years.

Are they presently insured?
Yes, insurance is in place

Strengths?
Strong brand and excellent location

Weaknesses?
Current economical conditions

Opportunities?
Many competitors in the industry are closing resulting in increased market share.

Threats?
Current economical climate Further lockdowns

What is the reason for the sale?
The owner wishes to pursue new business ventures.

Why is this a good business?
Established clientele Great brand Excellent location

What is the price plus stock and the profit?
R3, 300, 000.00 (R300, 000 stock included) R1, 326, 711.00

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FRANCHISE DETAILS

Aldes Infinity

1 members
11 active mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

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