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Exceptional Hair Salon In Cape Town For Sale

Cape Town - Southern Suburbs, Western Cape, South Africa
Asking Price:
R672,000 Furniture / Fixtures included
Sales Revenue:
R971,000
Cash Flow:
R432,000

Earn your investment back in no time! Well established, up-market salon in central and popular Southern Suburbs area in Cape Town
Owner managed. Would suit a hands-on owner/stylist.

The seller bought the salon in April 2012. At that point, the turnover was approx. R5K,pm.The seller rebranded the salon and turned it into a thriving "Modern Upmarket Salon" and grew the business from a very humble salon to what it is now. The seller contribute their exponential growth and success to strong marketing and customer care. The seller have built up a strong, loyal clientele list from virtually nothing to what they have now. New owners need to ensure that they continue with the winning recipe that the sellers have established over 9 years for continued future success and growth of the business.

Owner and senior stylist (manages all orders and payments to suppliers, new ideas and products)
Manager and senior stylist (runs the salon on a day to day basis, R&M, client services, etc. )
The owner only comes to the salon around 3 times per week. She lives in the northern suburbs and is involved in another business there. It can therefore be said with confidence that the current team can run the business to a very large extend and is not dependent on the owner's involvement on a daily basis.

Property Information

Real Estate:

Lease

Lease Terms:

Expires Nov 2022. option to renew. New owners to negotiate terms and conditions of a lease with the landlord.

Leasehold Rent:

R93,600 per annum

Location:

The salon is in a 'village mall' with easy and secure access, parking and security to give patrons peace of mind during their pampering.

Premises Details:

The premises is 60 sq meters and has been located there for 9 years. The lease is current, expires in Nov 2022 with an option to renew. The landlord was extremely accommodating during Covid restriction regulations. Own toilets and kitchen.

Size in square feet:
60
Planning Consent:

All licenses and zoning permissions are in place.

Business Operation

Expansion Potential:

The salon is under utilised which creates opportunities for adding stylists and also services like nails and limited beauty therapy, for example. Tapping into a new market, manicure, pedicure, waxing, massage , facials, nail bar, polish, make up, body waxing, grooming, feet treatment

Competition / Market:

There are a fair number of salons in the area. However, a few closed down during the past months.

Reasons for selling:

The seller has another business in the northern suburbs. During Covid, she realised that the time and energy travelling between the two, divides her attention and focus to the detriment of both businesses and her family.

Trading hours:

Tu - Sat 8 - 5.

Employees:
3
Years established:
9 years under current ownership.

Other Information

Support & training:

With the current manager who has been briefed regarding the proposed sale and is willing to stay on, it will not take the new owner long to master the operational side of the business. The seller has an interest to ensure a smooth transfer to the new owners as her loyal clients have become friends over the past 9 years. She is determined not to let them down and ensure new owners are successful. Also in the interest of the current loyal customer base.

Furniture / Fixtures value:
R100,000 - included in the asking price
Inventory / Stock value:
R20,000

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