How does the business operate on a daily basis?
Consistently and effectively the main stylist is booked up for weeks at any given time of the year

How are the clients attracted to the business?
Word of mouth, referral and reputation

What Advertising/Marketing is carried out?
Social media

What competition exists?
Numerous hair salons in the area, however business is consistent and established

What are the seasonal trends?
School holidays, month end and December is the busiest times

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
All

What percentage of the business is cash/credit?
10%

How could the profitability of the business be improved?
Growth in stylists in shop = more clients

What is the total staff complement?
2 Assistants
2 Stylists

Give a breakdown of staff/ functions/ length of service?
Assistants help with all client services, clean and prep shop

Do any receive special perks or incentives?
Yes, commissions on special services as well as products sold

Do any have management potential?
Yes with the correct training

How involved is the Owner in running the business?
100% hands on

Do they have signed employment contracts?
Yes

When does the current lease end?
March 2027

Is there an option of renewal & what period?
Yes, 3 years or negotiable

What is the annual escalation %?
8%

What are the trading hours?
Tuesday & Thursday - 08:00 - 17:00
Wednesday & Friday - 09:00 - 18:00
Saturday - 08:00 - 14:00

What is the square meters of the business?
+- 160 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Leas deposit currently at R51,056

What are the main assets of the business?
Furnishings and Stock

Are any items not included in the sale?
Personal Stylist Equipment

What is their overall condition?
Good to excellent

Do any require repairing?
No

How have they been valued ?
Based on market value
Stock is based on cost

Which assets are on lease/HP and with whom?
No

Are they presently insured?
Yes

Strengths?
Well established, excellent reputation , recognised brand, perfect location

Weaknesses?
More stylists needed

Opportunities?
Growth and even potential franchising

Threats?
Economy

What is the reason for the sale?
Owner would like to shift focus to clients full time, and not run the business day-to-day

Why is this a good business?
Tops standards and reputation