Fully describe the business's activities?
Modern beauty salon and nail studio offering a variety of services.
How long has the business been established?
Owner started the business as a franchised operation in September 2016 and subsequently de-franchised in April 2019
How does the business operate on a daily basis?
Owner opens and closes. Website for online bookings, walk in's or call's
How are the clients attracted to the business?
Approximately 3000 clients on database of which 60% are returning
What Advertising/Marketing is carried out?
Facebook, website, Instagram and word of mouth
What competition exists?
Normal competition for the industry but none other in the centre.
What are the seasonal trends?
A bit quieter during winter months
How did the Covid-19 pandemic impact the business turnover / daily operations?
Business was closed for April, May and June
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Partnered with a new product house to also sell their products
Is the business VAT Registered?
Yes, the business is registered for VAT
Are there up-to-date Management Accounts available?
Owner keeps excellent records which are available in Excel format
What Balance Sheet and Income Statements are available?
Financials for the year ending Feb 2019 is available and 2020 in process to complete
How could the profitability of the business be improved?
More advertising can be done. Adjusting prices.
Is Seller finance available and for what amount?
Negotiable for suitable buyer with a good deposit down
What is the total staff complement?
Senior Therapist - New 3 x Nail techs - 2017, 4 months, new 1 x Beauty therapist
Do any receive special perks or incentives?
Commission if target is reached as well as incentives
Are they on contract?
Yes, all staff is on contract
Do any have management potential?
Yes the senior nail technician
How involved is the Owner in running the business?
Owner is 100% involved in the management and operation but does not perform any treatments
When does the current lease end?
One year into their lease with two years remaining
Is there an option of renewal & what period?
Option to renew for three years
What are the trading hours?
Monday to Friday from 09:00 - 18:00 Saturday from 09:00 - 15:00
What is the square meters of the business?
Approximately 100 sq/m
Is a copy of the lease available?
Yes a copy is available
What lease deposit and/or other surety is required?
Two months deposit is payable and one months rent in advance
What is their overall condition?
All assets are in a good and working condition
How have they been valued ?
Are they presently insured?
Comprehensive insurance is in place.
Easy to operate appointment system Affordable prices with a range of services Good staff Well known for quality nails
Retail hours Visibility
Marketing Tenant voucher initiative
What is the reason for the sale?
Owner wants to focus on growing the franchise brand
Why is this a good business?
Established with good and returning clients.
What is the price plus stock and the profit?
R850 000 plus R200 000 stock
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