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?
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?
Are there up-to-date Management Accounts available?
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?
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?
Do any have management potential?
How involved is the Owner in running the business?
Not at all
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
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?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
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?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Location Services Atmosphere Nail technicians
Additional products and services Management
Grow and expansion
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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Annual Turnover Amount between R 500 thousand and R 6 million