Beauty Salon for Sale in Madipakkam, India
|Employees||5 - 10|
|Legal Entity||General Partnership|
|Reported Sales||USD 40 - 50 thousand|
|Run Rate Sales||Nil|
|EBITDA Margin||20 %|
|Industries||Beauty and Wellness + 1 more|
|Local Time||8:22 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
- Offer hair styling and beauty services for men, women and kids. Promoter owns 2 other salons with a similar store name. Each salon is registered separately. Only one salon out of the chain is up for sale.
- Serve between 10 - 15 customers daily. Customers mostly demand hair-cutting services. Price of a haircut is INR 180.
- Have hired over 5 stylists / beauticians and 1 manager.
- Value of the physical assets involved in the transaction are 2 hair wash stations, 5 hair styling stations, 2 waxing and facial rooms, 1 store room 1 staff room, 4 air-conditioning units and a reception area. Inventory is not included in the transaction nor is it a part of the physical assets.
- We were functional for 19 days in the previous month. At the end of the 19 days period, operations were ceased due to the lock-down restrictions that were imposed due to the onset of the COVID 19 pandemic.
- Owner has taken a loan on the salon for INR 10,00,000 and pays INR 40,000 monthly as payments on the loan. So far, INR 2.5 lakh out of the loan has been repaid. Loan amount won't have an impact on this transaction. The owner has taken the onus to repay the loan.
- Won best salon for bridals by Artic Awards.
Hair and beauty services for men, women, and kids. Beauty services provided include manicure, pedicure, facial, threading, bridal and grooming packages.
900 square feet located on the ground floor. Paying a monthly rent of INR 50,000 and a deposit of INR 3,00,000 has been paid.
Earlier than 15 daysManager, BPO & Software, Hyderabad, Corporate Investor / Buyer connected with this business