The salon was started in 2017 by the current owner. She has run it successfully as a lifestyle business and it has supported her very well over the years. She spent R 500 000 initially decorating the shop and equipping it. She has run it as a sole operator never with any assistants.
The owner has not kept any financial records and although it is a very viable business, it is being sold as an asset sale.
The salon has growth potential in that an assistant can be employed to increase turnover, and a Nail Bar could be introduced as an additional income stream.
- Asking Price:
- R380,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- R100K - R500K
- Cash Flow:
- R100K - R500K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease is renewable annually. Last renewal August 2025
- Leasehold Rent:
-
R124,440 per annum
- Location:
-
Hout Bay
- Premises Details:
-
A 40 sq metre shop as part of a shopping mall at street level, facing onto a secured car park with adequate parking
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Expansion is possible by the employment of an assistant hairdresser and the introduction of a nail bar
- Competition / Market:
-
There is competition in the area
- Reasons for selling:
-
Owner is moving away from Hout Bay and is retiring.
- Trading hours:
-
9am to 5pm
- Employees:
- 0
- Years established:
- 8
