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Beauty Salon - Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R4,200,000 Furniture / Fixtures included
Sales Revenue:
R9,420,000
Cash Flow:
R1,370,000

A successful and growing franchise in a prestigious shopping center in Cape Town, with competent management in place. The business is still in its early phase of growth and has considerable room for expansion.
A national strategy to intensify hygiene and bolster confidence is being spearheaded by the franchisor to ensure long term viability and growth of the brand.

Property Information

Real Estate:

Lease

Lease Terms:

4 years. 8% turnover clause, 8% escalation

Leasehold Rent:

R67,000 per annum

Location:

Cape Town

Premises Details:

Shopping Centre store

Size in square feet:
77 sqm

Business Operation

Expansion Potential:

The business is still in the early growth phase. Last year growth 57%.

Reasons for selling:

Family commitments

Trading hours:

9am - 9pm

Employees:
26
Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Subject to franchisor approval and agreement. 6.5% royalty. Minimum 50% own funding required.

Other Information

Support & training:

Mandatory 1-month training program. Ongoing franchise support

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R700,000

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