Profitable Branded Unisex Salon for Sale in Chennai

Listing ID: SL004646
Posted By: Owner
Last Active: 1+ year ago
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About Business

Its a branded salon is operational since September 2016. The business is registered as a Sole proprietorship. It is located on the main road near IT hub and PGs.
The salon has 7 hair styling stations, 3 facial rooms, 1 bridal studio, 2 hair wash and 2 pedicure stations. The premise is fully Air conditioned and well equipped with all the required salon equipments.
The salon has a monthly footfall of around 1,200 customers. There are total 16 employees. Total area of the premise is 1,150 sq.ft. The monthly rent is INR 1 lakhs and deposit paid is INR 6 lakhs. The business has the potential to generate profit of INR 2-3 lakhs right from the first month
The turnover for the FY 2017-18 was INR 95 lakhs with net profit margin of 20%.
The Asking price of the business is INR 61 lakhs (including complete set up and deposit)

Reason

Personal

₹10 to ₹200 Cr

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