Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Modern Beauty/nail/hair Salon In Benoni Urgent Sale For Sale

Benoni, Gauteng, South Africa
Asking Price:
R1,490,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,844,500
Cash Flow:
R250,000

This is a modern, very profitable, full salon with 6 nail stations, 2 treatment rooms, a kitchen, an office, and a bathroom with a shower (for spray tanning). It also includes a hair salon with 2 wash basins, 5 hairdresser/barber chairs, a waiting area, and an extensive retail section.

The beauty salon includes aesthetic devices for slimming (laser diode, cavitation), hair removal (E-Light IPL/SSHR), IPL skin rejuvenation, permanent makeup (2 devices), plasma pen, ozone, microneedling, RF needling, mesotherapy, massages (G5), and many more.

Our well-established online store provides a constant source of income in addition to in-store product sales. The store grows annually by +/- 20%, with current sales revenue of over R500,000 annually.

The salon is located in Rynfield, Benoni, in a shopping centre that provides regular walk-ins, resulting in steady customer growth. A 65KVA diesel generator conveniently located far from the salon makes it load-shedding proof.

There are no similar competing businesses in the shopping centre.

Established in 2015 and relocated in 2019.

This is a quick sale as we are relocating.

Make the decision NOW and make huge profits!

Sales revenue projections:
2024 : 3 500 000 to 3 844 500
2025 : 3 950 000 to 4 424 000
2026 : 4 465 000 to 5 134 750
2027 : 4 950 000 to 5 600 000
2028 : 5 450 000 to 6 100 000

We are still growing, with over 4000 clients on our books.

We operate at:
Gross Profit 75%
Expenses 55% - 60%
Profit 15% - 20%

Asking Price R 1490 000 (Reduced from R 1 950 000

Asset Value R 2 748 175
• Furniture / Fixtures value / Equipment: R 2 100 000 - included in the asking price
• Inventory / Stock value: R 450 000 - included in the asking price
• 65 KW Industrial Generator: R 198 175 - included in the asking price

Year 1 Year 2 2.5 years (30 Months)
Projected Profit (15%) 576 675 796 320 1 026 951 / 2 = 513 475
Acc Profit 576 675 1 372 995 1 886 470
ROI (Return on Investment) 39% 92% 127%

All staff earn a basic plus commission based on the service's monthly value on a sliding scale.

We do not have any "rent-a-chair" employees, and the staff will continue to work for you, the new owner.

All air conditioners were replaced in March 2024, and the salon was repainted in March 2024.

For more information, please get in touch with us.

Property Information

Real Estate:

Lease

Lease Terms:

5 year or longer lease can be negotiated. R 43 000 per month.
Utilities +/- R 7500
Not a Franchise, so no Fees!

Location:

Located in the Eastfields shopping Centre in Rynfield, Benoni.
The centre is located at the intersection of two major roads that connect the Rynfield area with the rest of Benoni.

Premises Details:

Big retail and salon area within the Eastfields Shopping Centre.

Size in square feet:
170 sqm
Planning Consent:

Architect layout plans available.

Business Operation

Expansion Potential:

1) The aesthetics (IPL, Permanent Make-up, Skin Rejuvenation, Slimming etc) side of the business is still tiny and can grow to at least R120,000 in turnover per month by employing another skilled beauty therapist.
Update: Position Filled March 2024

2) Adding another Colourist / Hairdresser will also result in an additional R 45 000 in turnover,
Update: Position Filled April 2024

3) There is an opportunity to return to being open 7 days a week, as the market recovered somewhat after COVID-19. This could result in an additional growth of approx. 15%.
Update: The salon has been open 7 days a week since 6 February 2024.

4) There are also opportunities to add more products to the existing offering that includes Beauty, Health, Jewellery & Clothing.

Competition / Market:

There are no other salons located in the shopping centre

Reasons for selling:

Owner relocating. Quick sale!

Trading hours:

Mon - Friday 8 am to 5:30 pm
Sat - 8 am to 4 pm
Sun - 9 am to 2 pm

Employees:
9
Years established:
Founded in 2015 and relocated in 2019

Other Information

Support & training:

Training can be provided on the products and services by in-house staff and external suppliers.

Financing available:

Talk to us, we can direct you to the relevant banks.

Furniture / Fixtures value:
R2,600,000 - included in the asking price
Inventory / Stock value:
R450,000 - included in the asking price
Website:
Login or register to view link
Relocatable:
This business can be relocated.