1. Businesses
  2. Personal Services
  3. Tamil Nadu
  4. Chennai
  5. SL006813
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Profitable Salon for Sale in Chennai

Listing ID: SL006813
Posted By: Owner
Last Active: 1+ year ago
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About Business

hair and beauty care

Clientele type

Family Salon

Premises

Online marketing and SMS blast plus offline signage

Asking Price Includes

Full Business with all items with the salon along with all online properties

Reason

owner is leaving abroad

More Details

This salon business is operational since 2016.
They have two branches in Chennai out of which they are selling one.
They have 5000 + registered customers.
It has a CCTV camera, power back up, cloud-based billing with complete customer history, power back up, reliable and well-experienced staff.
It has a 5 men chair, 3 women chair, 2 kids chair, 2 facial room, 6 ac's, 2 pedicure station, 2 shampooing chairs.
Highest rating online 16000 followers in social media. Rated best salon in the area.
Carpet area is 1700 sqft.
Average sales per day on weekdays is INR 7000-8000.
Average sales on the weekend are INR 15,000.
Monthly rent is INR 60,000. Deposit is INR 5 lakhs.
They made a turnover of 32 lakhs in FY 2017-18 Owner shifted to abroad and due to which the turnover went down to INR 28 lakhs for the FY 2018-19.
Asking price is INR 12 lakhs.

Keywords

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Business Exit for ₹10 Cr – 200 Cr

Structured Transition Completed in 120 Days

Credible Buyer Connections, Confidential Discussions, and Seamless Closure

Supported by Advisors with 26+ Years of Experience

Contact IBGrid Team

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Before buying a Profitable Salon for Sale in Chennai, check:
  • Growth prospects of the industry and business
  • Sales, profitability, and cash flow of the business should be considered
  • Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
  • Source of financing the purchase
  • Amount of additional investment that will be required to grow business
  • Does the business have a second-line of management?
  • Are you going to run the business on a day-to-day basis or appoint some professional for the same?
  • What decisions are to be taken to improve the profitability of the business?
  • Time period of payback or return is envisaged from the business?
  • Any long-term strategic benefit or synergy with your existing business?
    • Will the clients continue with the business after the acquisition?

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