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.