Beauty Salon for Sale in Ernakulam, India

- Our business was essentially a franchise of a large beauty salon chain that provides a broad spectrum of beauty services exclusively for women.

- The franchise was bought for INR 5,00,000 and must be renewed every 5 years. The renewal fee will be 50 percent of the latest franchise fee.

- The franchise was renewed 3 years ago and is valid for the upcoming 2 years.

- The business must pay 18 percent of the gross revenue to the franchisor every 10 days as a royalty.

- The salon receives around 20 to 25 walk-ins daily and has a customer base of over 5,000 customers. This is the only source of revenue for the business.

- The revenue plummeted this year due to the effect of the pandemic on the market.

- This transaction includes the entire business entity, rights to the franchise, physical assets and cost of receiving 2 years of renewed franchise.

Our salon is exclusive for women and offers a broad spectrum of services such as:

- Hair cut, hair wash, styling and hair treatment.

- Skin treatment.

- Nail art.

- Makeup.

Physical assets include:

- Salon equipment.

- Furniture and interior fittings.

- Inventory of beauty products.

- Air conditioners & CCTV cameras.

- Laptops and printers.

The business runs operations from a rented facility spread across 1,037 sq. ft.

Through own funds and an overdraft facility of Rs 5 lakhs taken from Federal Bank. Two partners with 50% share each.