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Salon In Outer West Durban Mall For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R1,760,000
Sales Revenue:
R1,700,000
Cash Flow:
R900,000

July turnover was R146 000 ! 6 months in & already made some R487 000 net profit, so R900 000 to R1m in a full year !
Top class Salon within a major Durban suburban Mall in Outer West. Full hair services for women & men. The owner set the business up in Aug 2019, with the first operational month being Sept 2019. She began as one of the two hairdressers, with another joining in Dec & March, which allowed her to withdraw mainly to a management level in Feb/March; as she finalised an overseas position & emigration plans (only contributing 10% to turnover).
3 stylists (comm only) & 2 washers - (excl owner who did some 10 % of turnover in March). All the staff cover the reception as well. A cleaner is also employed although probably not necessary.
Non-VAT business - MA's are produced monthly. All info is produced from USA Schedule (a Web based system) - bookings - time/stylist/services - check-out & form of payment – printed receipts. All this corresponds to the Bank & Cr Card statements.
The main assets are the fittings & accessories, which were purchased new last year. The total cost was some R235 000.

Property Information

Real Estate:

Lease

Premises Details:

Glass fronted shop positioned close to one of the main entrances of a good Outer West suburban Mall. The rental is some R14 000pm with some R3 000pm of cleaning, aircon, elect & water charges. The rental deposit is presently some R42 000.

Business Operation

Reasons for selling:

Owner emmigrating

Years established:
6 months

Contact Information

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