Official COVID-19 Information: www.sacoronavirus.co.za
Official COVID-19 Information: www.sacoronavirus.co.za
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LocationSouth Africa, Gauteng

Sector - Sales & Services

Asking Price
R 3,000,000
Monthly Profit
R 109,785
Asset Value
R 914,000
Stock Value
R 300,000
Yearly Net Profit
R 1,317,418

Summary

Skin and Nail Salon in Excellent Location

Give me more information

Fully describe the business's activities?

The business activities include manicures, pedicures, skin care treatments and various massages.

How does the business operate on a daily basis?

The business is operated by the store manager, while the owner oversees the finances and stock.

What Advertising/Marketing is carried out?

Head Office Marketing Fund, which is used for online and other media platform advertising

How could the profitability of the business be improved?

The seller has recently streamlined the operations to ensure excessive costs are reduced, and the new lease terms have been renegotiated on new terms.

Give a breakdown of staff/ functions/ length of service?

Will be disclosed during the due diligence

Do any have management potential?

Yes, will be disclosed during the due diligence

When does the current lease end?

There is a new 5 years lease in place.

What are the trading hours?

Mon - Fri 9:00 - 18:00 Sat 9:00 - 17:00 Sundays 9:00 - 14:00

What are the main assets of the business?

Yes, will be disclosed during the due diligence

Strengths?

Strong brand and excellent location

Weaknesses?

Current economical conditions

Opportunities?

Many competitors in the industry are closing resulting in increased market share.

Threats?

Current economical climate Further lockdowns

What is the reason for the sale?

The owner wishes to pursue new business ventures.

Location

Contact | Enquire

Chris

Chris Ferguson

LocationSouth Africa, Gauteng

Preferred method of contact

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