Products/Service

This sole proprietorship business is operational since 2015. The salon is in the most prominent location with easy access for nearby residents and corporate employees in the vicinity.
They have been awarded as the best performer in Gujarat for 2 consecutive years. They have one of its own kind - Beardo Lounge focusing on special grooming for man launched on 8th July 2018 and have the largest number of walk-in for beardo products which has 30% margin on product.
Salon has 6 chair setup ( possible to expand ), 2 Beauty Room, 1 Training Room, 1 Pedicure Station, 2 Shampoo station, a spacious reception with 2 sofas, 6 AC 3 of them just a year and a half old.
The monthly rent is INR 57,000 and carpet area is 1500 sq.ft. The total number of employees working are 9. The daily footfall is around 12-15 and on weekends it goes up to 20. The salon has more than 7,500 registered users so far.
They have CRM, appointment software and guest retention software to track the usage of the customers. The turnover for the FY 2017-18 was INR 56 lakhs with a net profit margin of 20%-25%. Asking price is INR 20 lakhs. (including complete set up) (Breakdown of ask price- Equipment, furniture INR 12 lakhs, remaining for the client base, goodwill, reputation)

Reason

Investing in the new business of Resort in Sikkim.