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Hair and Beauty Salon

 

PROFILE    
Description:    A hair and beauty salon in the Randburg / Linden area which is full fitted and well established with a strong brand presence. Well trained and loyal staff serving a good client base. Great location. Good return.
Industry / Sector:    Services - Hair, Beauty and Nail Salons
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Johannesburg
Location / Area:    Randburg / Linden
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
 
PRICE    
Asking Price:    R 750 000
Conditions:    Negotiable, subject to conditions
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 160 000 per month
Profit:    R 14 000 per month
Annual Return:    22 % per annum
No. of Staff:    6
Year Established:    2011
Legal Persona:    Close Corporation
Other Information:     
  KEY FEATURES  
  • well-known brand name
  • owner managed
  • been in operation for 8 years
  • currently 6 staff members
  • turnover in excess of R1,9 million p.a.
  • loyal & well established client base with comprehensive database (in excess of 4,300 customers with 700 active)
  • good central location, easily accessible, on-site parking, other established businesses in shopping centre with high level of foot traffic

  FITTINGS  
  • 1 x basin
  • 1 x barber chair
  • 9 x stations
  • 1 x sunbed
  • 1 x massage / beauty room
  • 1 x nail bar
  FINANCIALS  
Audited financial statements for past 2 years and management accounts for current financial year available (6 months) upon signature of Non-Disclosure Agreement.
100% of member's interest in CC for sale.

  HANDOVER and TRAINING  
Owner prepared to assist with handover for up to 3 months after effective date of sale.

  OTHER SALE RELATED ISSUES .......  
  • Inspection of premises possible on arrangement
  • A new lease will be entered into by lessee before 30 October 2019
  • Agreement of sale to be signed


 

 

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Record ID: 2810
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