021 552 1018

info@scsgroup.co.za

Price Range: From To

Beauty Salon in Cape Town For Sale For Sale

R4,200,000

Business Description

A successful and growing franchise, located in a prestigious shopping centre, with competent management in place.

Since moving from a kiosk into a fully fledged store only 1 year ago the turnover has more than doubled. Turnover is still growing with plenty room for expansion in future. Possibly even a second store.

The franchise conditions require pre-approval of the purchaser, own contribution of at least 50% towards the purchase price and one month’s full-time training before a franchise agreement will be granted.

Business Details

  • Property ID: PER218
  • Price: R4,200,000
  • Turnover: R9,400,000
  • Actual Profit/Year: R1,300,000
  • Year Built: 2018
  • Turnover range: R8mil - R9mil
  • Profit range: R100k -R150k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Lifestyle change.
  • Business history: Store initiated in Oct 2018. Next revamp not before 2023
  • Expansion potential: store has not yet reached full capcity
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 77 sqm, 2 therapy rooms, 5 mani stations, 4 pedi stations and storeroom
  • Rent & lease terms: R72 000 (including ops costs) / 8% escalation
  • ASSETS AND STOCK:

  • Assets included in sale: All fixture fittings and equipment inlcuded
  • Value of assets: Fully equipped to franchisor specifications 1 year ago. Value approx. R1.0m
  • Stock included in sale: Additional at cost price
  • Value of stock: approximately R780 000
  • GENERAL COMPANY INFO:

  • Employees: 26
  • Trading hours: 9am - 9pm 7 days/wk
  • Support & training: Mandatory one-month full time franchisee training.
    Ongoing training facility for therapists
    Ongoing Franchisor support and advertsing
  • Business Address

    • City: Cape Town
    • Neighborhood: Atlantic Seaboard
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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