Detailed financials available on request
Leading South African brand in the ethnic hair industry with various well-positioned stores across multiple provinces. This particular business opportunity consists of taking over the national network of a head office owned stores with immediate opportunities for further store rollouts. The retail concept offers a one-stop-shop to consumers for all their ethnic hair needs including wigs, braids, extensions, and an endless array of accessories. This business is particularly well-positioned for franchising with a unique proposition in the market, the business has a successful concept and store format, they have been operating profitably for multiple years and have established systems and procedures to support future store rolls outs. The brand is sufficiently entrenched in the market, individual store profitability is good and the store footprint is substantial. Asking price excludes VAT and stock of R1.7m.