*** SOLD ***
Well-established and Popular Hairdressing Salon
About this business for saleWell-established and Popular Hairdressing Salon
This modern and popular Amanzimtoti based hairdressing salon is situated in a significant shopping complex with good passing trade.
The Seller has owned the business for some two years and the business has been in existence for 5 years.
The outlet comprises 15 work-stations and is staffed by a number of senior stylists as well as the Seller who works in the Salon on Saturdays as a stylist.
The brand is showing good growth with trading performance up 20% on the previous year and the Seller has instituted several strategies and policies which ensure stability and growth.
The offering includes a management system and a detailed listing of +/- 1800 Clients.
The business assets are reckoned to be worth +/- R315k and the selling price of R420k includes +/- R50k in stock at cost. With monthly pre-tax profits of R16 500, this represents a 47% return on investment and/or a payback of 25 months.
For more information, kindly contact the listing Broker.