Leading Beauty Salon In Johannesburg For Sale

Business description

This business is 15 years old, and has belonged to the present owner for the last 11. She has built up a solid faithful group of regular clients, and this, coupled with the passing trade in the centre, makes for a strong steady business. Located in one of the major shopping centres in the eastern suburbs of Johannesburg, her clients are mainly from the middle to upper income bracket. She has a staff compliment of 14, and except for the manager and the cleaner, all staff members' wages are commission based. All equipment/assets are in good working order, and there is nothing owing on the business and nothing on HP. Although the owner works in the business most of the time, it is mainly manager run, and is giving her an average monthly nett profit of R55k, after Vat. Her average monthly turnover is R270k excluding Vat. This is a good solid well run business, but with lots of room to grow. Should be snapped up! They also own another newer sister salon in a very up-market area just east of Johannesburg, which is also for sale. Beautifully designed premises and a similar setup to the aforementioned salon. Buyers may purchase either of the salons or both. Good value!!

Property information

Location:

Johannesburg eastern suburbs

Business Operation

Expansion potential:

Plenty of room for expansion by advertising and promoting the salon, as well as running specials, as the present owner does not utilise any of these options, because she runs the business purely on it's good reputation.

Reasons for selling:

The seller is moving to the Cape.

Trading hours:

Monday to Saturday 8am - 5pm. Every 2nd Sunday 9am - 2pm.

Years established:

Established 15 years.

Other information

Financing available:

Audited financials will be made available to qualified buyers

Furniture / Fixtures value:

R150,000 (included in the asking price)

Inventory / Stock value:

R60,000