086 1222 021

info@scsgroup.co.za

Price Range: From To

Beauty Salon and Nail Bar For Sale

R6,200,000

Business Description

A successful franchise, located in a prestigious shopping center with sound management is a recipe for success.
That’s what makes this one of the top-performing stores in the group and why this business has grown at an average 20% compound growth since inception 6 years ago. Turnover for the year-to-date is still growing (+17%), despite the recession.
The store has been a successful investment for the present owner who is now embarking on a lifestyle change that will take her in another direction.
The franchise conditions require pre-approval of the purchaser, own contribution of at least 50% towards the purchase price and one month’s full-time training before a franchise agreement will be granted.

Business Details

  • Property ID: PER184
  • Price: R6,200,000
  • Turnover: R13mil
  • Actual Profit/Year: R2mil
  • Turnover range: R10mil+
  • Profit range: R1mil-R3mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Lifestyle change
  • Business history: 6 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 100 sqm, 4 therapy rooms, 6 mani stations, 4 pedi stations
  • Rent & lease terms: R70 000 (incl ops costs) or 8% of T/O / 8% escalation / 3 years plus 5-year renewal option
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fully equipped to franchisor specifications. Value approx. R1.2m at cost. N
  • Stock included in sale: No
  • Value of stock: R800 000
  • GENERAL COMPANY INFO:

  • Employees: 28
  • Trading hours: Normal Mall Trading Hours
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Southern Suburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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