Slimming and Wellness Franchise For Sale,franchise for sale,beauty business for sale,pretoria east business for sale,spa for sale,slimming business for sale,beauty and health business for sale
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Slimming and Wellness Franchise For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Slimming Business For SaleA highly successful slimming and wellness franchise has come to the market in the desirable East of Pretoria, the business focuses on weight loss, cellulite treatments and diet coaching. Current owner runs it with an assistant and this will suit a buyer looking to operate the same way, alternatively an owner looking to grow and expand the business by appointing extra therapists. Training and franchise joining fees included in the price






Fitment Centre For SaleSELLING DETAILS

Selling Price

290,000

Turnover pm

55,000

Stock

9,000

Profit pm

22,600

Total Asking Price

299,000

Nett Assets Incl

265,000






MANDATE REPORT

1. History Background

Fully describe the business's activities

This is a profitable owner run slimming and wellness franchise in the popular East of Pretoria. The franchise has been operational for 8 years and has proven itself during this time with clients from near and far.

The franchise primarily focuses on slimming, wellness, weight loss, cellulite treatments and diet coaching.

The current owner runs the business herself with an assistant and the new owner can do the same or employ additional therapists or even have therapists to work the franchise and play a management role.

Included in the price is the R40,000 franchise joining fee as well as training for two people for two weeks Monday to Thursday from 8am to 5pm

How long has the business been established?

8 years

How long has the owner had the business?

The current owner started the franchise.

2. Present Market

How does the business operate on  a daily basis

Owner run.

How are the clients attracted to the business

Word of mouth, referrals, etc

What Advertising/Marketing is carried out

Strong use is made of the website, Google adwords as well as local newspapers and pamphlets.

Does the business have any contract work

No

What competition exists

The normal in the industry, however the seller believes they offer a natural solution their clients.

What are the seasonal trends

The business currently closes from the 22nd December through 15 January. Then the business remains busy for the rest of the year apart from the Easter break and peaking July through December.

3. Financial

Is the business VAT Registered

No

What VAT documentation is on file?

N/A

Are there up to date management accounts?

Seller is having them prepared

What audited financials are available, income statement and or balance sheets?

Seller is having them prepared

What percentage of the business is cash/credit?

10% Credit Card and 45% Cash and 45% EFT

What is the age analysis of the debtor’s book?

None

How could the profitability of the business be improved?

More marketing and advertising, employing extra staff members to be able to handle greater volumes.

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

2 staff members.

Staff Breakdown and length of service

1 x Owner therapists

1 x Assistant

Do any receive special perks, bonuses or incentives?

No

Are they on contract?

Yes signed employment

Do any have management potential?

Business is currently owner run.

How involved  is the Owner in running the business

100%

5. Premises

When does the current lease end?

July 2016

Is there an option of renewal & what period

Yes, 3 years (To be confirmed by the seller)

What is the annual escalation %?

To be confirmed by the seller

What are the trading hours?

Monday–Thursday 8am-7pm, Friday 8am-2pm

What is the square meterage of the business?

60m²

Is a copy of the lease available?

Yes

Do you require a licence?

No

6. Assets

Is a full asset list on file?

Seller will prepare one

Are any items not included in the sale?

Seller laptop

What is their overall condition?

Good condition

Do any require repairing?

Ongoing maintenance is performed if it is required which is rarely.

How have they been valued?

Seller valuation

Which assets are on lease/HP and with whom?

None

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

No

7. S.W.O.T. Analysis

Strengths

Franchised business

Well established client base

Great demand for the service of the business

Weaknesses

Current owner needs to focus on selling more of these franchises.

Opportunities

Can acquire another area for another store

Grow the business through marketing and advertising

Franchisor would like to involve great performing franchisees more in the franchise, e.g. get involved in training

Threats

None identified

8. Reason For Sale

What is the reason for the sale?

Seller is the franchisor and wants to focus on growing the brand and supporting the existing franchisees.

9. Conclusion

Why is this a good business to buy?

Well established profitable Franchise business in the upmarket East of Pretoria in a market space that is always in great demand.





 

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Reference - R140404
 


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