Sectors / Category

Annual turnover

|
  • Mandate: 34460
  • Added: 19 Feb 2021
  • AFS
  • 158

Upmarket and newly revamped hair salon

Gauteng, Johannesburg
158
Mandate 34460
Added 19 Feb 2021
R 485,000* ZAR
Stock: R 0
Assets: R 0
R 3,870 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Contemporary hair salon with full staff compliment.

SELLING PRICE AFS
R 485,000* ZAR
Stock: R0
Assets: R0
R 3,870 ZAR
Summary

Contemporary hair salon with full staff compliment.

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

Fully describe the business's activities?
Hair Salon

How long has the business been established?
Since 2013 in current format But in centre for+/- 30 years

How long has the owner had the business?
2 years

How does the business operate on a daily basis?
Well established client base.

How are the clients attracted to the business?
Great location secure free parking, great stylists, great vibe, gives a great experience, great decor and atmosphere

What Advertising/Marketing is carried out?
Social Media / word of mouth / brilliant reputation

What competition exists?
Men's barber in centre

How did the Covid-19 pandemic impact the business turnover / daily operations?
No functions - Wedding / Matric dances which impacted on high-end tickets, closed for 3 months & then only open at 50% capacity

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Full PPE, screens, sanitising, taking temprature

Is the business VAT Registered?
yes

Are there up-to-date Management Accounts available?
Totally irrelevant due to Covid and my severe illness during 2020

What percentage of the business is cash/credit?
We dont encourage cash for security reasons. So mostly credit card

How could the profitability of the business be improved?
Full time management which isn't possible at the moment due to owner's illness

What is the total staff complement?
4 Shampooists - Fixed salary 4 100% Comm Earners 1 Rent a Chair

How involved is the Owner in running the business?
Was very involved until Dec 2019 when severe illness Gulliain Barre Syndrome (GBS)

When does the current lease end?
November 2021

Is there an option of renewal & what period?
Yes, 3 year.

What is the annual escalation %?
8%

What are the trading hours?
Tues - Fri: 8:00 - 17:00 Sat: 8:00 - 16:00

What is the square meters of the business?
+/- 80sqm & Outside storeroom which we use as a laundry

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
+/- R11 400.00

What are the main assets of the business?
10 Work Stations with Mirrors / 4 Basins / Kitchenette / Reception Desk. 2 Tinting stations, 2 Hood style Dryer, 2 Bar fridges, tumble drier, washing machine, towels racks, tint station wall mounted, 10 mirror on walls, 4 guest chairs.

Are any items not included in the sale?
Yes - Generator

What is their overall condition?
Excellent - Salon completely refurbished 2 years ago - Complete renovation and new fittings & fixtures.

Are they presently insured?
Yes - fully insured.

Strengths?
Long established, Good reputation - Recently revamped and good vibe, experienced stylist with regular clients

Opportunities?
Hands on Owner / Manager

Threats?
Covid 19 Lockdowns

What is the reason for the sale?
Owner is medically unfit to manage the business.

Why is this a good business?
Well established and newly renovated hair salon with full compliment of stylists and shampooists.

What is the price plus stock and the profit?
R485 000 excl. stock.

Other listings by Peter
R 4.51MZAR
Added : 25 Feb 2021 633
Yearly profit: R2,484,795
Gauteng
R 1.65MZAR
Added : 25 Feb 2021 774
Yearly profit: R1,040,515
Gauteng
R 500KZAR
Added : 25 Feb 2021 119
Profit*: R29,885 *(4 months)
Gauteng
FRANCHISE DETAILS

Aldes Platinum

1 members
18 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 375KZAR
Added : 23 Feb 2021 84
Yearly profit: R132,156
Gauteng
R 320KZAR
Added : 22 Jan 2020 1746
Yearly profit: R311,931
Gauteng
R 630KZAR
Franchise
Added : 13 Dec 2019 1319
Yearly profit: R419,220
Gauteng
R 465KZAR
Franchise
Added : 10 Dec 2019 1324
Yearly profit: R224,795
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 2.10MZAR
Added : 22 Feb 2021 69
Yearly profit: R596,225
Gauteng
R 485KZAR
Added : 19 Feb 2021 158
Yearly profit: R46,444
Gauteng
R 395KZAR
Added : 15 Feb 2021 533
Yearly profit: R66,627
Gauteng
R 350KZAR
Franchise
Added : 11 Feb 2021 377
Yearly profit: R255,070
Gauteng
R 855KZAR
Added : 9 Feb 2021 182
Yearly profit: R270,237
Gauteng
R 1.33MZAR
Added : 3 Feb 2021 268
Yearly profit: R477,897
Gauteng
R 510KZAR
Added : 3 Feb 2021 624
Profit*: R273,089 *(10 months)
Gauteng
R 2.50MZAR
Added : 27 Jan 2021 361
Yearly profit: R924,000
Gauteng