Sector - Sales & Services
Only 6 months old & already on track to make R1m NP, with some R487 000 NP already realised and & R146 000 t/over in July 2020.Give me more information
Fully describe the business's activities?
R146 000 t/over in July 2020 !! Top class Salon within a major Durban suburban Mall in Outer West. Full hair services for women & men. The owner set the business up in Aug 2019, with the first operational month being Sept 2019. She began as one of the two hairdressers, with another joining in Dec & March, which allowed her to withdraw mainly to a management level in Feb/March; as she finalised an overseas position & emigration plans (only contributing 10% to turnover).
What are the main assets of the business?
The main assets are the fittings & accessories, which were purchased new last year. The total cost was some R235 000.
Well positioned new salon with top finishes & computerised system,
Established clientele on new & changing staff (ie not tied to the seller)
New business, but with such a promising start the future can only be positive
Bring in your own expertise or clientele into this newly established profitable salon
That other salons enter this Mall - although unlikely since there is no space available
That following Covid-19 turnovers drop - although unlikely since haircuts are pretty much a necessity & the past figures were from a start up - Zero - point, obtained very quickly, all while an owner withdrew her portion of services.
What is the reason for the sale?
Owner emigrating once the Salon sold or manageress takes over
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