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Upmarket Aesthetic, Beauty, Nail, Hair Salon In Benoni For Sale

Benoni, Gauteng, South Africa
Asking Price:
R2,495,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,800,000
Cash Flow:
R350,000

Modern, beautiful full salon with 6 Nail Stations, 2 Treatment Rooms, a Kitchen, an Office, and a Bathroom with shower (for spray tanning). It includes a Hair Salon consisting of 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 / SHR), IPL Skin Rejuvenation, Permanent Makeup (2 Devices), Plasma Pen, Ozone, Micro needling, RF Needling, Mesotherapy, Massages (G5) and many more.

Our well-established online store provides a constant source of income over and above the in-store product sales. The online store is growing yearly by +/- 20% with current sales revenue of over R 500 000 annually.

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

There are no similar competing businesses in the shopping centre.

Similar salons will sell for 2.9 mil to 3.5 mil.
Our asking price should be R 2 950 000 + Stock, but we are asking only R 2 495 000!

Our Management Accounts are available on request.

Sales revenue projections:
2024 : 3 500 000 to 3 800 000
2025 : 3 950 000 to 4 400 000
2026 : 4 465 000 to 5 100 000

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

Similar salons operate at:
Gross Profit (73% - 75%)
Expenses (60% - 65%)
Profit (8% - 12%)
ROI (Return on investment) 16% - 20%

All staff earn a basic plus commission. Commission is on a sliding scale based on the value of the services done in the month.

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

For more information, please get in touch with us.

Property Information

Real Estate:

Lease

Lease Terms:

2 Year Lease, 1 remaining R 43 000 per month. Can be extended to 5 years or more.
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: We employed her on 30 January 2024.

2) Adding another Hair Dresser will also result in an additional R 45 000 in turnover,
Update: We are advertising for this position and hope to fill it soon by 19 Feb 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 is now open 7 days a week from 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.

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.

Furniture / Fixtures value:
R2,600,000 - included in the asking price
Inventory / Stock value:
R450,000 - included in the asking price
Website:
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