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Listing Id: 31513 Last Refreshed: 22/04/2024 Total Views: 390

(On Hold)Profitable Facial Salon (Franchise) For Takeover

PunggolBeauty Salons
Asking Price: S$88,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Shopping Mall
  • Premise Size 250 sqft / 23 sqm
  • Monthly Rental S$5,500
  • Rental Desposit S$16,500
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff 3
  • Established 2022
  • Source Broker

Reason For Sale

Family Reasons

Description

- Takeover LLP company and Franchise
- Regular Clients base
- Profitable Business
- 250sqft
- Rental 5.5k
- Lease till Oct 2025, option to renew 3 years
- 3mth Rental Deposit
- Currently 2 Staff (1 full time and 1 part time) plus the owner herself.

The start up cost by the owner as below:
1. 45k for 5 years Franchise
(currently left 3.5 years). For franchise renewal will be 25k for next 5 years
2. Renovation 63k, 3 machines 11k

So new buyer needs to hire another full time staff, to replace the owner. The franchisor will assist for staffing and also provides training to new staff

Last year net profit is about 60k. All costs deducted including owner's salary.
Jan to Mar 2024 profit is about 20k.

Business Operation

Yes, this is franchise business.
Franchise
Franchisor provides staffing and training
Support and Training

Property Information

Lease till Oct 2025, option to renew 3 years
Lease Term
Renovated with 3 machines
Premises Details
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