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Price drop to R495 000, excluding stock of R100 000, against a Net Profit of R467 000 off a turnover of R1.7m in a normal financial year, achieved through excellent staff, established clientele, & corner glass shop in a suburban Shopping Centre West of Durban.
The services including facials, massages, body scrubs, nails, feet, etc, are provided by two specialist staff (was 3-4 when at full turnover before Covid), within 4 individual rooms, as well as, the feet & nail stations in the front of the Salon.
A full asset list is available, which is inclusive of 2-4 yr old equipment that was purchased new & is underutilised within the Salon, considering it's turnover/clientele. A new motivated hands-on owner, rather than the present remote owner, will make a huge /personal difference to client interaction/turnovers without any other equipment required, apart maybe from a laser machine.
All assets are in good condition & are serviced locally when required. They are fully paid-up & would cost some R300 000 new but are valued at a 2nd hand value of some R100 000.
Western suburb of Durban, KZN
102m2 shop with excellent corner glass frontage onto a main thoroughfare. The rent is R28 000pm all inclusive (ie some R13 000pm plus additionals) with an 8% escalation & an opportunity to enter into a new 3 year lease, with a 2-month rental deposit.
Owner wishes to rather concentrate on one business
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