086 1222 021

info@scsgroup.co.za

Price Range: From To

Franchised Beauty Salon Sold

R550,000

Business Description

Entry level salon for a first-time buyer with this well know national franchise brand. Located in an up-market shopping centre with plenty parking and an opportunity for expansion. The reason for selling is that the current owner has branched out to a larger franchise in a different area and needs to focus on her new salon.
Support, marketing and operational systems from the franchisor makes this an attractive business—especially for a newcomer to the brand.
Prospective purchasers should have at least 50% of the purchase price as unencumbered cash and preferably some business experience. Full, mandatory training will be provided as part of the joining fee.
As an existing franchise you will commence with a solid client base and experienced staff. A more cost effective and less risky option than starting a new franchise.

Business Details

  • Property ID: PER124
  • Price: R550,000
  • Turnover: R3.3mil
  • Actual Profit/Year: R236k
  • Turnover range: R3mil-R4mil
  • Profit range: R150k-R300k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has upgraded to a larger salon in another area
  • Business history: 3 years (3 with current owner)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 87 sqm. 3 pedi chairs. 2 nail stations. 3 treatment room
  • Rent & lease terms: R36 900 per month (including operating costs) / Option to renew lease for 3 years from June18
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fixture and fitting to franchise specification, including ESP point of sale
  • Stock included in sale: No
  • Value of stock: R250000
  • GENERAL COMPANY INFO:

  • Employees: 12 people
  • Trading hours: Mon- Sat 9am – 6pm. Sunday 9am– 2pm
  • Support & training: Full Support and Training
  • Business Address

    • Neighborhood: Greater Cape Town
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
    Facebook Twitter Linkedin

    Inquire about this business listing