Franchised Men's Grooming Salon For Sale

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