Price Range: From To

Two Franchised Beauty Salons For Sale

R3,000,000

Business Description

The new owner will acquire 2 established stores for less than the cost of starting
2 stores from scratch. Stores are situated in a high growth area with no mall based
stores in the vicinity. Full support, marketing and operational systems is available
from the Franchisor. Profitability is excellent in the 10/11% range.

Business Details

  • Property ID: GS020
  • Price: R3,000,000
  • Turnover: TBC
  • Actual Profit/Year: TBC
  • Turnover range: TBC
  • Profit range: TBC

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner wants to start another business in a different industry
  • Business history: 1 store - 1 year, 1 store - 2 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: TBC
  • Rent & lease terms: R17-R19 000 per store, depending on utilities bill / 5 years, 1 store - 3 years left, 1 store - 4 years left, renewal option
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fully fitted and equiped to Franchisor specifications
  • Stock included in sale: No
  • Value of stock: R400 000
  • GENERAL COMPANY INFO:

  • Employees: 26 in total
  • Trading hours: Normal Business Hours
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Southern Suburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Glenn Sullivan
    0825708000
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