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Popular Northern Suburbs Hair And Beauty Salon For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,500,000
Cash Flow:
R100,000

Great Hairdressing salon that is very established and entrenched in the community. The salon has a mature team of highly experienced stylists. Salon is well known for its extensive range of retail items and has a good retail turnover.

There are several additional rooms that are rented out to Beauticians and Nail Technicians reducing the base rental as well and brings an additional return. A unique property that provides a great reduction for the salons rental.

Would suit an existing salon ready to relocate, or a Highly successful busy Hairdresser looking to start or takeover a business. Will consider all reasonable yet serious offers! Please don't waste each others time if you do not have available funds? Would not be suitable for a Non Hairdresser!

Owner is emigrating and will be happy to stay on for 6 month handover period and to ensure clientele and turnover are retained.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

New Lease to be negotiated with Landlord 3-5 years

Additional fee for water
Prepaid electricity- easy to manage and you avoid faulty readings from council.

Leasehold Rent:

R420,000 per annum

Living Accommodation:

None!

Location:

Prominent Location close to Hyde Park, Dunkeld

Premises Details:

Salon takes up a full building, with beauty rooms and parking

Size in square feet:
2000sqf

Business Operation

Expansion Potential:

More hairdressers can fill up more of the available sections thus increasing turnover, longer trading hours could be an option. Additional services like eyelash extensions and slimming can increase profits. Online Store will drive more traffic (domains in place)

Competition / Market:

A few smaller salons in the area

Reasons for selling:

Owner emigrating thus making this as easy and negotiable sale.

Trading hours:

Tuesday to Saturday 8am -5pm

Employees:
4 Stylists, 2 trainee, 2 Operational staff and 1 Gardener/ 2 self-employed beauticians,2 self employed nail technicians
Years established:
21yrs

Other Information

Support & training:

Owner to stay on for 6 Month handover if required

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

R650000 deposit and R300000 over 6 months but remember is priced to sell
Owner willing to stay on for up to 6months therefore providing turnover.
Tenants cover 3/4 of rental so an easy start for a busy Stylist
Total of Stock alone is worth R400000 of which retail on floor is valued at R150000 cost and retails for +-R250000

Furniture / Fixtures value:
R400,000 - included in the asking price
Inventory / Stock value:
R400,000 - included in the asking price
Relocatable:
This business can be relocated.

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