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Beauty Salon for Sale in Jeddah, Saudi Arabia

For Sale: High-end ladies beauty salon in Jeddah with a database of 19,000 clients.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 500 - 600 thousand
Run Rate Sales USD 800 thousand
EBITDA Margin 0 - 10 %
Industries Beauty Salons
Locations  Jeddah
Local Time 4:52 PM Asia / Riyadh
Listed By Management Member
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 330 thousand (Native Currency: SAR 1,250,000)
Reason: The owner is planning to relocate from Jeddah.
Includes physical assets worth USD 210 thousand
Interested to connect with advisors
Documents
Business Overview

- High-end salon located in a commercial area that offers professional beauty services and beauty care products.

- Have a database of over 19,000 clients and can accommodate up to 22 clients at a time.

- Long-standing accounts and relationships with top industry suppliers.

- Salon gets revenue from three sources: professional services, packages, and products.

- 75% of our revenue comes from professional services.

- Have an active website where our clients can book appointments and view our products.

- 15 full-time employees and senior staff with 20 years of technical experience.

- Selling price includes full business, regulatory licenses, and physical assets.

- Product inventory value is variable, not included in the selling price, and is an optional purchase for the buyer.

- Promoter has more than 10 years of experience in running this business.

Products & Services Overview

Professional services for hair coloring, hair treatments, hair styling, hair extensions, eyebrows, eyelashes, nails, and our line of home-care beauty products.

Assets Overview

Physical assets include lease deposit amount of SAR 44,640, fit-outs/interior, furniture, tools, and supplies. Other assets like product inventory worth SAR 65,000 are not included in the physical asset value.

Facilities Overview

Rented facility inside a premium shopping mall on Prince Sultan street with a total area of 248 sq. m. spread over 2 floors which include the client area, staff room, and administrative offices.

The lease ends next year and has a biannual rent which is at a rate of SAR 1,800 per sq. m.

This lease amount is subject to change as a recent court ruling in the Kingdom of Saudi Arabia has enabled tenants to renegotiate with their landlords and decrease their rents in proportion to the drop in sales due to the lockdown.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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