Sector - Sales & Services
Hair dressing salon with retail sales of hair productsGive me more information
Fully describe the business's activities?
Hair dressing salon with retail sales of hair products to clients in an affluent area. Seller wished to sell at asset value. Current turnover around R2m per annum
How does the business operate on a daily basis?
Clients book for hair appointments and are serviced by experienced hair stylists. Clients purchase hair products from in store retail services
What Advertising/Marketing is carried out?
Word of mouth
What competition exists?
Other hair salons in the area
How could the profitability of the business be improved?
Continuous lock downs have had a negative impact on the business. Once the pandemic is under control, business should return to normal
When does the current lease end?
Current lease is on a month by month basis
What are the main assets of the business?
Stock, TV's, Coffee machine, Chairs, Basins, fixtures, mirrors, cupboards etc. List available to serious buyers
Business is in a newly renovated premises with upmarket finishes - full set up already in place
Coffee shop in same premises
Business situation is close to affluent clientele
Ample parking and access
In previous residential area on a main road
Clients support the retail side of the business
Has been established for 26 years and has a loyal client base
Current COVID climate makes doing business difficult
Attract more clients
Increase retail offering
Further lock downs
What is the reason for the sale?
Owner is emigrating
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