Sectors / Category

Annual turnover

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  • Mandate: 34701
  • Added: 02 Jun 2021
  • AFS
  • 238

Newly setup trendy barber, manager run in busy strip mall.

Gauteng, Centurion
238
Mandate 34701
Added 02 Jun 2021
R 450,000* ZAR
Stock: R 15,000
Assets: R 0
R 6,981 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Trendy barber manager run in busy strip mall, showing month on month growth.

SELLING PRICE AFS
R 450,000* ZAR
Stock: R15,000
Assets: R0
R 6,981 ZAR
Summary

Trendy barber manager run in busy strip mall, showing month on month growth.

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please supply us with your details below

Fully describe the business's activities?
Manager run trendy barber and grooming services.

How long has the business been established?
2 years

How long has the owner had the business?
Since inception.

How does the business operate on a daily basis?
Tues - Fri 9am - 6pm Sat 8am - 4pm Sun 9am - 3pm

How are the clients attracted to the business?
Located in a busy strip mall. Website Word of Mouth

What Advertising/Marketing is carried out?
Website Facebook and active social media presence.

Does the business have any contract work?
No

What competition exists?
Barber's in and around the area.

What are the seasonal trends?
trades well throughout the year with uptick in the summer months and before school terms.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Closed during Lockdown level 4 and 5.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All covid protocol is adhered to.

Is the business VAT Registered?
No.

What Balance Sheet and Income Statements are available?
Yes.

What percentage of the business is cash/credit?
70% credit card 30% cash

How could the profitability of the business be improved?
Increased marketing and active owner involvement.

What is the total staff complement?
2 staff

Give a breakdown of staff/ functions/ length of service?
2 x barbers. Open and close the store on a daily basis.

Are they on contract?
Yes.

Do any have management potential?
Yes, currently running the store without owner involvement.

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

When does the current lease end?
2023

Is there an option of renewal & what period?
Yes. 3 - 5 years renewal option

What is the annual escalation %?
8%

What are the trading hours?
Tues - Fri 9am - 6pm Sat 8am - 4pm Sun 9am - 3pm

What is the square meters of the business?
Approx. 50sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No.

What lease deposit and/or other surety is required?
2 months

What are the main assets of the business?
Full asset list available to qualified buyer.

Are any items not included in the sale?
No.

What is their overall condition?
Good working condition.

Do any require repairing?
No.

How have they been valued ?
Replacement value.

Are they presently insured?
All assets comprehensively insured.

Strengths?
Great offering, trendy upmarket look and feel.

Weaknesses?
Needs more owner involvement.

Opportunities?
Get involved in the local community. Replicate similar offering in another location.

Threats?
None perceived.

What is the reason for the sale?
Owner has other business interests,

Why is this a good business?
Newly setup trendy barber. Manager run

What is the price plus stock and the profit?
R500 000-00 lock, stock and barrel.

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AGENCY DETAILS

Aldes Platinum

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

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