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Franchised Men's Grooming Salon For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,400,000 Furniture / Fixtures included
Sales Revenue:
R4,900,000
Cash Flow:
R639,000

Sorbet Man Grooming Salon in Johannesburg Northern Suburbs.

This is one of three Sorbet salons operated by the seller under the same generic brand in a popular shopping mall in Johannesburg's Northern Suburbs. The other two are a Beauty Salon and Drybar.

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 translates into a superior competitive position in the market.

When you buy this store you also get fully trained and ready staff, an established customer loyalty database and a location with immediate and proven profitability.
Price excludes stock.

The asking price has been adjusted to reflect the impact and recovery trajectory following Covid lockdowns as well as a significant rental reduction.

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:

R264,000 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.

Size in square feet:
95 sqm

Business Operation

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:
R700,000 - included in the asking price
Inventory / Stock value:
R250,000

Contact Sentinel Commercial Services Group

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