Sectors / Category

Annual turnover

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  • Mandate: 34465
  • Added: 09 Feb 2021
  • AFS
  • 182

Nail Bar

Gauteng, Pretoria
182
Mandate 34465
Added 09 Feb 2021
R 855,000* ZAR
Stock: R 60,000
Assets: R 400,000
R 22,520 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Well established, successful and popular Nail bar in Pretoria East

Nail Bar
SELLING PRICE AFS
R 855,000* ZAR
Stock: R60,000
Assets: R400,000
R 22,520 ZAR
Summary

Well established, successful and popular Nail bar in Pretoria East

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please supply us with your details below

Fully describe the business's activities?
All nail treatments including hands and feet. Sale of related retail products

How long has the business been established?
Since September 2017

How long has the owner had the business?
The owner started the business

How does the business operate on a daily basis?
Manager run and fully operational with all the services done by qualified Nail Technicians.

How are the clients attracted to the business?
Well established client base of regulars Great convenient location Services well priced

What Advertising/Marketing is carried out?
Social media including Instagram, Facebook. Regular promotions and special offers.

Does the business have any contract work?
No

What competition exists?
Various other Nail Salons offering the same services

What are the seasonal trends?
November and December are the busiest Summer and spring seasons are the best months

How did the Covid-19 pandemic impact the business turnover / daily operations?
Was closed for more than 12 weeks and started out very slowly after opening again

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All the necessary protocols in place

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
2019,2020 and management accounts for current

What percentage of the business is cash/credit?
85% Credit Card

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
Retail stock Offer additional beauty services

What is the total staff complement?
Four staff full time

Give a breakdown of staff/ functions/ length of service?
3 x Nail technicians 1 x Supervisor (Optional, potential R10k saving after May)

Do any receive special perks or incentives?
All work on Basic Salary and Commission

Are they on contract?
Yes

Do any have management potential?
No

How involved is the Owner in running the business?
Not at all

When does the current lease end?
November 2022

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10%

What are the trading hours?
08:30-18:00 Monday to Friday 08:30-14:00 Saturday

What is the square meters of the business?
42m²

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
R6,500

What are the main assets of the business?
Fixtures and fittings and Inventory Asset list available for review for serious buyers

Are any items not included in the sale?
Building fittings including tiles, plumbing, aircon, etc.

What is their overall condition?
Good condition

Do any require repairing?
No

How have they been valued ?
From invoices

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

Are they presently insured?
Yes

Strengths?
Location Services Atmosphere Nail technicians

Weaknesses?
Additional products and services Management

Opportunities?
Grow and expansion

Threats?
Normal competitors

What is the reason for the sale?
Owner is involved fulltime in another business

Why is this a good business?
It is well established with a great name and loyal client base. There is room to grow.

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FRANCHISE DETAILS

Aldes Orion

2 members
9 active mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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