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Exclusive Nail, Hair & Beauty Salon In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R500K - R1.5M
Sales Revenue:
R500K - R1.5M
Cash Flow:
R100K - R500K

An established salon brand, located in a popular Durban area known for high-end personal care services.

Strategy:
The operation has been primed for success with aggressive marketing strategies targeting affluent consumers and those who enjoy high-end luxurious treatment.
This strategy included establishing community relationships with upmarket private schools, leading corporate businesses and other community groups in the Durban area.
Investments into intellectual property associated with comprehensive online presence and digital marketing campaigns continue to yield conversions and it has now created a large client base as a platform for further growth.

Operations:
The operating model has been entrenched with attention to detail in delivered professional, high-quality personal care services. Spacious salon environment (110sqm) allows for hosting of events such as bridal, pamper, teen or kiddes parties.
The day-to-day management of the salon does not require direct owner management due to competent staff who have proved to be trust-worthy and effective.

Financials:
The operation has a strong balance sheet with no debt even through the current economic situation
All contractual agreements are in good standing.
Turnover for Q1 increased by 47.5% as compared to 2019 Q1 as business began retaining profit.
Annual financial statements are up-to-date reflecting Assets to the value of R 800k

Sale Summary:
The owners are pursuing other business ventures but retain personal interest in finding the right buyers to progress this project and safeguard the interests of all other stakeholders
Selling price – R1.25 million

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

1 year left

Leasehold Rent:

R223,200 per annum

Location:

Upmarket building for personal care businesses in the heart of a popular Durban area known for its service industry

Premises Details:

Ground floor premises with dedicated parking areas for each business

Size in square feet:
110sqm

Business Operation

Expansion Potential:

Significant expansion prospects due to popularity of brand.
Diversity to include other personal care services also provides a massive expansion potential i.e. lashes, facials, massages, ethic hair,

Competition / Market:

Many other personal care businesses within the area due to the high demand of these services. However, exclusivity to the service products is a competitive advantage to the business.

Reasons for selling:

Owners are moving into other business ventures that will require significant attention.

Trading hours:

Mon-Wed: 09h00 to 17h00
Thurs-Fri: 09h00 to 18h00
Saturday 08h00 to 15h00
Sunday: Closed

Employees:
4
Years established:
2-3

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Significant training and support structures is available to the buyer and is provided by the brand

Furniture / Fixtures value:
R650,000
Inventory / Stock value:
R100,000
Relocatable:
This business can be relocated.

Contact Information

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