Sectors / Category

Annual turnover

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  • Mandate: 34459
  • Added: 15 Feb 2021
  • AFS
  • 459

Tanning Salon

Gauteng,
459
Mandate 34459
Added 15 Feb 2021
R 620,000* ZAR
Stock: R 40,000
Assets: R 750,000
R 25,891 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Trendy Tanning Salon

Tanning Salon
SELLING PRICE AFS
R 620,000* ZAR
Stock: R40,000
Assets: R750,000
R 25,891 ZAR
Summary

Trendy Tanning Salon

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Fully describe the business's activities?
Premium Beachwear & Luxury Tanning Studio

How long has the business been established?
Launched February 2018 and remodelled in February 2020

How does the business operate on a daily basis?
The business has one employee that assist customers with bookings and sales.

How are the clients attracted to the business?
Facebook marketing Premises located in a high trading mall

What are the seasonal trends?
Wedding seasons Weeks leading up to holidays

How did the Covid-19 pandemic impact the business turnover / daily operations?
The biggest impact on the business was during the hard lockdown when they were not allowed to trade at all. Once the beauty industry was allowed to reopen it took a few weeks for people to come out and start booking. Even during all the various levels of lock the business still did better than any previous months.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Besides the basic steps of increasing hygiene levels etc. It was found that people needed more than just beachwear in the salon. The introduction of a home wear range increased the retail turnover as well as adding a collagen product to the existing beauty range. The business also introduced spray tanning to their services.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes, will be disclosed at due diligence stage

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

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

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

What is the total staff complement?
One staff member

Are they on contract?
Yes, will be disclosed at due diligence stage

When does the current lease end?
08/2023

Is there an option of renewal & what period?
Yes for 3 years

What are the trading hours?
Mon-Fri 9:30 -16:00 Sat 9:00 - 13:00 Sun closed

What is the square meters of the business?
82SQM

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

What lease deposit and/or other surety is required?
R13,000

What are the main assets of the business?
Sunbeds Fixture and Fittings

Are they presently insured?
Yes, will be disclosed at due diligence stage

What is the reason for the sale?
Initially the owner bought the salon to renovate it and run it part time and attending to part time work or consulting. The owner don’t feel mentally stimulated enough and needs to find something a bit more challenging.

What is the price plus stock and the profit?
R620,000 (including R40,000 stock) R284,775 p.a (last 12 months of trading)

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AGENCY DETAILS

Aldes Infinity

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

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