021 552 1018

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Price Range: From To

Business Description

Three stores in a popular shopping mall in Johannesburg’s Northern Suburbs. A Sorbet Beauty Salon, Sorbet Dry-Bar and Sorbet Man. The beauty salon has recently been revamped to the latest franchise specifications.

 

Business Details

  • Price: R4,700,000
  • Turnover: 13 900 000
  • Actual Profit/Year: 1 700 000
  • Turnover range:
  • Profit range:

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner's family has grown up and she wishes to resume her corporate career
  • Business history: 7 years (with current owner)
  • Expansion potential: Salon was fully revamped in November 2019. No further revamps being planned.
  • PROPERTY DETAILS:

  • Fixed property included:
  • Premises Details: Salon: 3 treatment rooms, 5 mani tables, 4 pedi chairs. Dry-Bar: 8 workstations, 3 mani tables, 3 pedi chairs. Sorbet Man: 6 barber chairs, 2 treatment rooms, 2 pedi chairs.
  • Rent & lease terms: 5-years. R155 000 (including ops costs and parking) / 7% escalation. 4 and 5years. A substantial rental reduction comes into effect from March 2021.
  • ASSETS AND STOCK:

  • Assets included in sale: Fitted and equipped to latest franchisor specification.
  • Value of assets: Cost value R2.9m, Book value R1.9m
  • Stock included in sale: Yes
  • Value of stock: R1.0 million
  • GENERAL COMPANY INFO:

  • Employees: 36 fully trained staff and the owner works full time as manager.
  • Trading hours: Monday - Thursday: 9pm—6pm; Fridays-Saturday 9am—7pm, Sunday: 9am - 5pm
  • Support & training: Comprehensive support, training, marketing and operational systems from the franchisor makes this a proven and attractive business model which affords the owner an enviable lifestyle.
  • Business Address

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