Beauty Salon for Sale in Madipakkam, India

Award-winning well-established salon located on a high lane road is for sale.

Established 5-10 year(s)
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
Locations  Madipakkam
Local Time 8:22 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 47 thousand (Native Currency: INR 3,500,000)
Reason: Difficulty in managing business in the current situation. New owner will be able to start operations... View More
Includes physical assets worth USD 40 thousand
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Business Overview

- 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.

Products & Services Overview

Hair and beauty services for men, women, and kids. Beauty services provided include manicure, pedicure, facial, threading, bridal and grooming packages.

Facilities Overview

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.

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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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