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 |