Profitable Hair and Beauty Salon

Western Cape

R 892 000

Financial Information

Detailed financials available on request

Top upmarket hair salon with a strong client base and long trading history are now available!! This Garden Route hair and beauty salon is in an excellent accessible position with regular and almost guaranteed foot traffic! Thats the market: from late teens to the young professionals and the gentle well-heeled over 60s trying to look 25 years younger! This modern salon was revamped in 2018, offering the range of treatments the market wants. The staff are well-trained and are key to the loyalty of the fast-growing client base. The current owner is an entrepreneur with no experience in the hair and beauty field. The new owner need not be a hairstylist or beauty therapist, however, it can be beneficial for the business if the owner is a qualified stylist or beautician. Significant opportunity for growth exists for the new owner who can add more value offer a wider retail range; appoint more stylists, etc. The beauty salon division of this business is underutilized and has huge growth potential. This is a business with an excellent reputation, and it is one of the most upmarket salons in the Garden Route. This is an ideal opportunity for a new owner to enjoy the rewards of working in a very pleasant business. The business has recovered nicely after COVID-19. Many salons have closed down as a result of COVID-19, and this business has a lot of advantage in the market place. Full details will be disclosed to serious buyers. The new owner need not be experienced in the industry, although it would be advantageous. The knowledge and capacity of the staff could give a completely inexperienced owner enough support and confidence to grow into the business. Asking price excludes stock of approximately R70,000 and VAT.

Reason for selling

The owners have other business interests on which they wish to focus.
Annual revenue
R 2,006,518
Monthly cash flow
R 33,239
Stock value
R 70,000