Sectors / Category

Annual turnover

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  • Mandate: 34136
  • Added: 13 Aug 2020
  • AFS
  • 354

Beauty and Wellness Clinic

Gauteng, Pretoria
354
Mandate 34136
Added 13 Aug 2020
R 1,050,000* ZAR
Stock: R 200,000
Assets: R 170,000
R 44,494 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Owner operated store with qualified therapists and technicians

SELLING PRICE AFS
R 1,050,000* ZAR
Stock: R200,000
Assets: R170,000
R 44,494 ZAR
Summary

Owner operated store with qualified therapists and technicians

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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 ?
Replacement value

Are they presently insured?
Comprehensive insurance is in place.

Strengths?
Easy to operate appointment system Affordable prices with a range of services Good staff Well known for quality nails

Weaknesses?
Retail hours Visibility

Opportunities?
Marketing Tenant voucher initiative

Threats?
None

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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FRANCHISE DETAILS

Aldes Focus

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

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