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Upmarket Salon Located In Sandton For Sale

Sandton, Gauteng, South Africa
Asking Price:
R1,200,000 Furniture / Fixtures included
Sales Revenue:
R2,245,100
Cash Flow:
R555,901

Hair & Beauty Salon which caters to a high-end black diamond clientele of both ladies and gentlemen located in a suburb in Sandton is being sold with (+1 000) customer database.

The salon has recently been upgraded to accommodate retail & already has existing partnerships.
Uninterrupted working hours as building has a generator in place.
The salon will come with its competent and well-trained staff which provides some of the best hairdressing services on the continent.

The salon owner is pursuing other business interests and would like to leave the legacy to a dedicated & committed successor.

Audited Value (Selling Price): R1.2mil + agent fee
Expected 2021/2022 Revenue: R2.24mil

Contact to request a meeting & salon viewing where the business analysis & investment plan will be made available for your perusal.

Property Information

Real Estate:

Lease

Lease Terms:

3 years remaining on lease

Leasehold Rent:

R270,000 per annum

Location:

Sunninghill

Premises Details:

Office park and shopping centre

Size in square feet:
452,084

Business Operation

Expansion Potential:

The salon can accommodate more clients by having more chairs and work stations. The current owner also recently expanded the retail space in the store allowing the business to sell more beauty and hair products.

Competition / Market:

The salon is in a league of its own compared to nearby hairdressers and barbers as it provides services to a higher clientele. There are however 3 beauty salons in nearby shopping centres.

Reasons for selling:

The owner is pursuing other business interests.

Trading hours:

Tuesday-Friday 8:00-18:00
Saturday 08:00-17:00
Sunday 08:00-14:00
Monday Closed

Employees:
9
Years established:
11 years

Other Information

Support & training:

The owner has offered to avail themselves for 3 months after the sale of the business to ease the transition and properly handover to the new owner whilst ensuring the staff are trained to operate in the new working environment

Financing available:

Through the investment plan we have constructed the new buyer can obtain financing from a financial institution which we can assist in securing provided they have a financial record for the business and it in good standing

Furniture / Fixtures value:
R699,562 - included in the asking price
Inventory / Stock value:
R62,970
Relocatable:
This business can be relocated.

Contact Information

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