For Sale

Franchised Beauty Salon

R2,000,000

Business Description

A Sorbet Beauty Salon in a popular shopping mall in Cape Town Southern Suburbs.

Be your own boss, Be a part of a growing and successful network.

With professional management tools, access to stockists of the best product ranges, comprehensive training and pioneering innovation, all of which translates into a superior competitive position in the market.

When you buy this store you also get fully trained staff, a comprehensive customer loyalty database, in a prime location with immediate and proven profitability.

Price excludes stock.

Business Details

Price: R2,000,000
Turnover: R5 300 000
Actual Profit/Year: R507 000
Turnover range: R5 300 000
Profit range: R507 000

BUSINESS HISTORY & FUTURE GROWTH:

Reason for selling: Career change

Business history: 5 years with the current owner

Expansion potential:

PROPERTY DETAILS:

Fixed property included:

Premises Details: Prime shopping mall in Cape Town Southern Suburbs. 70 square metres. Fully fitted to the latest franchise specifications in 2019. Next refresh expected in 2025.

Rent & lease terms:

ASSETS AND STOCK:

Assets included in sale: Yes

Value of assets: R950 000

Stock included in sale: No

Value of stock: R400 000

GENERAL COMPANY INFO:

Employees: 16

Trading hours: Mon- Sat 9am -7pm; Sunday 9am - 5pm

Support & training: Franchisor pre-approval process which includes an online corporate presentation.
1-months pre-startup training, proof of own funds covering 50% of the purchase price, Joining fee of R175 000, Ongoing royalty of 6.5%.

1-month mandatory training included in franchisee joining fee.
Ongoing head office training and support and cooperation with the local franchisee group.

Purchasers are required to show proof of own funds of at least 50% of the purchase price.
Most banks have pre-approved the Sorbet franchise for funding up to 50% of the purchase price.