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Popular Craighall Park/ Dunkeld Hair And Beauty Salon In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,500,000
Cash Flow:
R150,000

Great Hairdressing salon that is very established and entrenched in the community. The salon has a mature team of highly experienced stylists. Salon is well known for its extensive range of retail items and has a good retail turnover. Retail Stock incl in Sale

There are several additional rooms that are rented out to Beauticians and Nail Technicians and Rent a chair tenant reducing the base rental as well and brings an additional return. A unique property that provides a great reduction for the salon's rental.

Would suit an existing salon ready to relocate, or a Highly successful busy Hairdresser looking to start or takeover a business. Could be suitable for Cubicle/ Suite rental conversion. Will consider all reasonable yet serious offers!

Priced to sell at Asset value and rental saving. Practically rent free!!! Please don't waste each others time if you do not have available funds? Would not be suitable for a Non Hairdresser!

Owner is emigrating and will be happy to stay on for 6 month handover period.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Sign over Lease to be negotiated with Landlord 2 years remaining

Additional fee for water
Prepaid electricity- easy to manage and you avoid faulty readings from council.
Solar back up
2500l back up water

Leasehold Rent:

R510,000 per annum

Living Accommodation:

None!

Location:

Prominent Location close to Hyde Park, Dunkeld , Craighall Park

Premises Details:

Salon takes up a full building, with beauty rooms and parking

Size in square feet:
340sqm

Business Operation

Expansion Potential:

More hairdressers can fill up more of the available sections thus increasing turnover, longer trading hours could be an option. Additional services like eyelash extensions and slimming can increase profits. Online Store will drive more traffic (domains in place)

Competition / Market:

A few smaller salons in the area

Reasons for selling:

Owner emigrating thus making this as easy and negotiable sale.

Trading hours:

Tuesday to Saturday 8am -5pm

Employees:
3 Stylists, 2 Operational staff and 1 Gardener/ 1 self-employed beauticians,2 self employed nail technicians
Years established:
25yrs

Other Information

Support & training:

Owner to stay on for 6 Month handover if required

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner willing to stay on for up to 6months therefore providing Rental ease
Tenants cover 3/4 of rental so an easy start for a busy Stylist
Professional Stock Total of is worth R100000 which retail on floor is valued at R220000 cost and retails for +-R290000

Furniture / Fixtures value:
R150,000 - included in the asking price
Inventory / Stock value:
R400,000 - included in the asking price
Relocatable:
This business can be relocated.