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Popular Tanning Salon In Bryanston For Sale

Sandton, Gauteng
Asking Price:
R700,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1.5M - R3M
Cash Flow:
R100K - R500K

Well established tanning salon in busy centre in Bryanston.

Long standing business with large, loyal customer base (over 4,300 active clients).

Store has recently been refurbished. Two managers currently trained up and in place running the business on a day to day basis.

Considerable potential to improve profitability by expanding service offering.

Selling in order to focus on other business interests.

Management accounts available on request to serious buyers.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Lease

Lease Terms:

to be negotiated with landlord, landlord has requested that the new owner of the business sign a new three year lease agreement

Leasehold Rent:

R35,000 per annum

Location:

Business is located in a well established shopping centre with high LSM's and footfall levels

Premises Details:

Premises are leased and have recently been renovated

Size in square feet:
Approx 90sqm

Business Operation

Expansion Potential:

Room to expand service offering and boost revenue. Required landlord approvals have been obtained and services currently being provided by third party suppliers. Potential to bring this in-house

Reasons for selling:

Selling to focus on other business interests and release working capital for those businesses

Trading hours:

Monday to Friday 7am - 7p,m
Saturday 7am - 3pm
Sunday 8am - 2pm

Employees:
4
Years established:
21 years

Other Information

Support & training:

Business is currently manager run. Existing owner can assist with training and support to be negotiated

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

Will consider vendor financing for a portion of the purchase price

Furniture / Fixtures value:
R900,000 - included in the asking price
Inventory / Stock value:
R25,000 - included in the asking price

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