Price Range: From To

Franchised Beauty Salon For Sale

R1,700,000

Business Description

Highly successful, profitable and growing member of a well know franchise group. Located in a large shopping mall. Owned and operated by a single owner since inception who now needs to sell because of family commitments. Profitability for the current financial year is considerably higher than FY2017.

The low staff turnover is indicative of large/loyal customer database of more 3500 names.

Full support, marketing and operational system from the franchisor makes this an attractive business.

Prospective purchasers should have at least 50% of the purchase price as unencumbered cash and preferably some business experience. The cost of a new Franchise is R1.8 million.

 

Business Details

  • Property ID: PER118
  • Price: R1,700,000
  • Turnover: R3.8mil
  • Actual Profit/Year: R552k
  • Turnover range: R3mil - R4mil
  • Profit range: R500k - R1mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Family Commitments
  • Business history: 5 years (same owner)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 112 sqm
  • Rent & lease terms: R40 000 per month incl ops costs / 2 years remaining. New lease can be entered into
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fully fitted and equipped to Franchisor specification. Value approx. R1mil
  • Stock included in sale: No
  • Value of stock: R150 000
  • GENERAL COMPANY INFO:

  • Employees: 13 staff members
  • Trading hours: Monday - Saturday: 9am—8pm; Sunday: 9am - 6pm
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Northern Suburb
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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