086 1222 021

info@scsgroup.co.za

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Franchised Beauty Salon—Western Suburbs For Sale

R1,600,000

Business Description

A relatively new store, Located in a long established shopping mall. This was a second store opened by the present owner who has recently given birth to her first child and finds it too time-consuming to operate two stores and have enough family time. The store is still in the building phase and with the right amount of attention, it still offers growth potential. Presently it has a loyalty database of more than 4000 customers.
Comprehensive support, training, marketing and operational system from the franchisor makes this a proven and attractive business model which affords the owner an enviable lifestyle. Especially with its proximity to the coastline.
Prospective purchasers should have at least 50% of the purchase price as unencumbered cash.

Business Details

  • Property ID: PER160
  • Price: R1,600,000
  • Turnover: R3.75mil
  • Actual Profit/Year: R550k
  • Turnover range: R3mil-R4mil
  • Profit range: R550k-R1mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has recently had her first baby and needs more family time
  • Business history: 2 years (with current owner)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 1 treatment rooms 4 mani stations, 3 pedi chairs.
  • Rent & lease terms: R33 224 (including ops costs and parking) / 8% / 3 years remaining + option to renew
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fully fitted and equipped to franchisor specification 2 years ago
  • Stock included in sale: No
  • Value of stock: R430k
  • GENERAL COMPANY INFO:

  • Employees: 9 staff members
  • Trading hours: Monday - Saturday: 9am—7pm; Sunday: 9am - 5pm
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Western Subburbs (Table View Area)
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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