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PROFILE |
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Description: |
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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. |
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Industry / Sector: |
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Services - Hair, Beauty and Nail Salons |
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LOCATION |
| State / Province: |
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Gauteng RSA |
| City / Town: |
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Johannesburg |
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Location / Area: |
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Randburg / Linden |
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Metro Proximity: |
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Johannesburg. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
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PRICE |
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Asking Price: |
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R 750 000 |
| Conditions: |
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Negotiable, subject to conditions |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 160 000 per month
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| Profit: |
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R 14 000 per month
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| Annual Return: |
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22
% per annum
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| No. of Staff: |
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6 |
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Year Established: |
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2011 |
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Legal Persona: |
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Close Corporation |
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Other Information: |
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KEY FEATURES
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- 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
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FITTINGS
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- 1 x basin
- 1 x barber chair
- 9 x stations
- 1 x sunbed
- 1 x massage / beauty room
- 1 x nail bar
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FINANCIALS
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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.
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HANDOVER and TRAINING
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Owner prepared to assist with handover for up to 3 months after effective date of sale.
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OTHER SALE RELATED ISSUES .......
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- 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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