Unique opportunity to own 5 laser/nail/beauty salons within a group.

Unique opportunity to own 5 laser/nail/beauty salons within a group.

Introduction:

• From a small beginning owning 1 bed and starting from home, this business has grown to 5 outlets in Cape Town and surrounds and employing 18 staff members.
• The owner started her business on 1 January 2019 and thus gained a lot of experience about client needs in the last 5 years.
• The owner has strategically opened up salons in areas identifying her target market and acquiring the correct equipment to fulfill in the needs of her target audience.
• The salons are operating on their own and the owner very rarely visits the salons due to experienced and knowledgeable staff managing the salons.
• The owner though oversees the operations and has full knowledge of all the activities taking place.
• The only reason for selling is that she is pregnant and wishes to give all her attention to the new family member.
• The asset value of the equipment combined between the salons is R2,78 million.

Financials:

• The turnover differs according to the seasons where the winter months average R194,000 pm the summer months average R354,000 pm- in total the average annual turnover is R3 million.
• Average NP (EBITDA) – R708,000

Selling price:

• R1,95 million