Sectors / Category

Annual turnover

|
  • Mandate: 34284
  • Added: 06 Nov 2020
  • AFS
  • 260

Slimming Clinic and Beauty Salon

Gauteng, Pretoria
260
Mandate 34284
Added 06 Nov 2020
R 360,000* ZAR
Stock: R 30,000
Assets: R 150,000
R 26,799 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This is a well-established business that specialises in relaxation and longevity as well as anti-ageing and skin rejuvenation. The salon prides themselves with a high standard of service delivery to their clients.

Slimming Clinic and Beauty Salon
SELLING PRICE AFS
R 360,000* ZAR
Stock: R30,000
Assets: R150,000
R 26,799 ZAR
Summary

This is a well-established business that specialises in relaxation and longevity as well as anti-ageing and skin rejuvenation. The salon prides themselves with a high standard of service delivery to their clients.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Body Care Beauty Salon is a traditional beauty salon that focuses on slimming but also provided treatments such as : manicures, pedicures, waxing, massages, acrylic and gel nails, spray tanning and piercings.

How long has the business been established?
This salon was established in 2005.

How long has the owner had the business?
The owner has had the business since 2014.

How does the business operate on a daily basis?
A manager open and closes the business daily. She manages the daily operations as well as client appointments and sales.

How are the clients attracted to the business?
The range of services offered to the clients and quality of expert service offered to the clients attract their clients. This salon has a client base of more than 8000 clients.

What Advertising/Marketing is carried out?
They distribute flyers and posters on a monthly basis. Established social media platforms = facebook and instagram.

What competition exists?
None that we know of in the area.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The pandemic did have an impact on the business. The turn over currently is around 75% of normal turn over, and shows a steady monthly growth of 10%.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Fix cost payments have been renegotiated. Lower rent payments have also been negotiated.

Is the business VAT Registered?
No.

Are there up-to-date Management Accounts available?
ESP industry salon management system.

What percentage of the business is cash/credit?
Card transactions for 90% of the business income.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
There are currently 3 permanent staff and 1 part-time staff members.

Give a breakdown of staff/ functions/ length of service?
The staff have been newly appointed and trained after lockdown. They are all qualified in their fields.

Do any receive special perks or incentives?
Yes - commission is paid when targets are reached.

Are they on contract?
Yes.

Do any have management potential?
Yes - the current manager.

How involved is the Owner in running the business?
The Owner is in daily from 9:00 to 13:00 to oversee the running of the business.

Any special arrangements for the staff related to the Covid-19 pandemic?
Staff were retrenched before lock down. The industry was closed for 3 months.

When does the current lease end?
The current lease has 2,5 years remaining.

Is there an option of renewal & what period?
Yes, for another 3 or 5 years.

What is the annual escalation %?
6%

What are the trading hours?
Monday, Wednesday and Friday from 8:00 to 17:00 Tuesdays and Thursday from 8:00 to 15:00 Saturday from 8:00 to 15:00 Closed on Sunday

What is the square meters of the business?
71 Square meters.

Is a copy of the lease available?
Yes, on request.

Do you require a licence?
Only trading license from the local municipality. Registration with the bargaining council.

What lease deposit and/or other surety is required?
2 Months in advance.

What are the main assets of the business?
Fixed assets and equipment worth R150 000. Stock holding is on average R30 000.

Are any items not included in the sale?
Sold lock stock and barrel.

What is their overall condition?
Very well maintained.

Do any require repairing?
None. Beds are serviced/repaired every 18 months.

How have they been valued ?
Owners valued at R200 000.

Which assets are on lease/HP and with whom?
None.

Strengths?
This business is firmly anchored in a higher income residential area. Has been operating from the same center for more than 15 years. Ideal for the type of clients they target. This salon has a client base of more than 8000 clients. Has no real formal competition in the area.

Weaknesses?
The covert 19 had a negative impact on the whole industry and yearly turnover is down but picking up.

Opportunities?
Several salons closed due to the covid-19 pandemic. These clients are now seeking alternatives. Digital marketing on social media will attract clients to the salon. Retirement Village opposite the center will launch soon, attracting new potential clients to the business.

Threats?
Potential threat of second covid-19 lockdown.

What is the reason for the sale?
The seller had small children and would like to spend more time with them.

Why is this a good business?
Well established business of 15 years within the industry. Over 8000 clients using their service. A accommodating landlord with the current pandemic.

What is the price plus stock and the profit?
Selling price R330 000. Stock R30 000. Average Profit R26 799 p/m.

Other listings by Johan
R 8.58MZAR
Added : 6 Nov 2020 161
Yearly profit: R217,259
Limpopo
R 3.87MZAR
Franchise
Added : 22 Jul 2020 488
Yearly profit: R1,835,590
Gauteng
R 3.50MZAR
Added : 23 Apr 2020 716
Yearly profit: R1,489,750
North West
FRANCHISE DETAILS

Aldes Focus

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

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 320KZAR
Added : 22 Jan 2020 1533
Yearly profit: R311,931
Gauteng
R 399KZAR
Franchise
Added : 30 Dec 2019 1467
Yearly profit: R252,099
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.10MZAR
Franchise
Added : 18 Nov 2020 239
Yearly profit: R902,098
Gauteng
R 445KZAR
Added : 18 Nov 2020 178
Yearly profit: R103,730
Gauteng
R 800KZAR
Added : 9 Nov 2020 216
Yearly profit: R383,826
Gauteng
R 635KZAR
Added : 9 Nov 2020 428
Profit*: R222,657 *(6 months)
Gauteng
R 360KZAR
Added : 6 Nov 2020 260
Yearly profit: R321,583
Gauteng
R 1.40MZAR
Franchise
Added : 2 Nov 2020 439
Profit*: R181,804 *(2 months)
Gauteng
R 2.23MZAR
Added : 2 Nov 2020 317
Yearly profit: R871,972
Gauteng
R 630KZAR
Added : 25 Oct 2020 534
Profit*: R105,002 *(4 months)
Gauteng