021 552 1018

[email protected]

Price Range: From To

Business Description

A Sorbet Man in a popular shopping mall in Johannesburg’s Northern Suburbs. The owner operates 2 other stores in the mall. A Sorbet Beauty Salon and a Sorbet Dry Bar.

Business Details

  • Price: R1,900,000
  • Turnover: R4 900 000
  • Actual Profit/Year: R727 000
  • Turnover range: R4 900 000
  • Profit range: R727 000

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Changed family and career circumstances
  • Business history: 4 years of operation
  • Expansion potential: Significant spare capacity exists
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 95 Sqm store. 6 barber chairs, 2 treatment rooms, 2 pedi chairs, 2 nail stations. No revamp needed
  • Rent & lease terms: R22 000 or 8% of Turnover. 7% escalation. 5-year lease.
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Fitted and equipped to latest franchisor specification. Cost value R1.1m
  • Stock included in sale: Stock additional to asking price.
  • Value of stock: R250 000 (Variable)
  • GENERAL COMPANY INFO:

  • Employees: 15 fully trained staff and part-time manager
  • Trading hours: Monday - Thursday: 9pm—6pm; Fridays-Saturday 9am—7pm, Sunday: 9am - 5pm
  • Support & training: Joining fee R125 000. 6.5% royalty. 1 month mandatory training, 5 year contract.
  • Business Address

    • City: Johannesburg
    • Neighborhood: Johannesburg, Northern Suburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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