History and Overview Of The Business
|
| Fully describe the business's activities |
All nail treatments including hands and feet.
Sale of related retail products |
| When was the business established? |
Since September 2017 |
| How long has the owner had the business? |
The owner started the business |
How Does The Business Operate
|
| 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 |
| Seasonal Trends? |
November and December are the busiest
Summer and spring seasons are the best months |
Financial Information
|
| Vat Registered? |
No |
| Vat Documentation on File? |
Not registered |
| Management Accounts? |
Yes |
| Audited Financials? |
2019,2020 and management accounts for current |
| What as Cash/Credit Split? |
85% Credit Card |
| Debtors Book Age Analysis |
N/A |
| How can you improve the profitability? |
Retail stock
Offer additional beauty services |
Staffing Of the Business
|
| What is the total number of Staff? |
Four staff full time |
| Staff Breakdown |
3 x Nail technicians
1 x Supervisor (Optional, potential R10k saving after May) |
| Staff Special Perks and Bonuses? |
All work on Basic Salary and Commission |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
No |
| How involved is the Owner in running the business? |
Not at all |
Premises Of the Business
|
| When Does the Current Lease ends? |
November 2022 |
| Is there an option to renew? |
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? |
42m² |
| Is a copy of the lease available? |
Yes, on file |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Fixtures and fittings and Inventory
Asset list available for review for serious buyers |
| Anything not included in the sale? |
Building fittings including tiles, plumbing, aircon, etc. |
| What is condition of the assets |
Good condition |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
|
| STRENGHTS |
Location
Services
Atmosphere
Nail technicians |
| WEAKNESSES |
Additional products and services
Management |
| OPPORTUNITIES |
Grow and expansion |
| THREATS |
Normal competitors |
Summary
|
| Why is this a good business |
It is well established with a great name and loyal client base. There is room to grow. |
| Why is the owner selling it? |
Owner is involved fulltime in another business |