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Franchised Men's Grooming Salon For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,900,000 Furniture / Fixtures included
Sales Revenue:
R3,600,000
Cash Flow:
R701,000

Sorbet Man Grooming Salon in Johannesburg Northern Suburbs.

Owning a Sorbet franchise is a lifestyle choice.
Freedom to be your own boss, But part of a growing and successful network.
Which provides professional management tools, access to stockists of the best product ranges, comprehensive training and pioneering innovation, all of which translate into a superior competitive position in the market.

The store has recently been fully revamped, it has fully trained staff, an established customer loyalty database and a location with immediate and proven profitability.

Profits are now exceeding pre-Covid levels and there is room for further growth

Property Information

Real Estate:

Lease

Lease Terms:

New 5-year since March 2021 at significantly reduced rental. with 7% escalation and 8% turnover clause.

Leasehold Rent:

R274,000 per annum

Location:

Johannesburg, Northern Suburbs shopping mall

Premises Details:

95 sqm in shopping mall. Includes 6 barber chairs, 2 treatment rooms, 2 pedi-chairs, and 2 nail stations.
A full revamp of the store has recently been completed.

Size in square feet:
95 sqm

Business Operation

Expansion Potential:

capacity exists for a 25% increased turnover

Reasons for selling:

The owner's family has grown up and she wishes to resume her corporate career.

Trading hours:

Monday - Thursday: 9pm—6pm,
Fridays-Saturday 9am—7pm,
Sunday: 9am - 5pm

Employees:
15
Years established:
5 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

5 year franchise agreement, One months compulsory initial training, R125 000 initial fee, 6.5% royalty. At least 50% of the purchase price should be contributed from own funds.

Other Information

Support & training:

Three months initial owner training plus ongoing staff training and support.

Furniture / Fixtures value:
R1,200,000 - included in the asking price
Inventory / Stock value:
R250,000

Contact Sentinel Commercial Services Group

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