18
650K Key Money | Business for Sale | High ROI
Business Overview: This thriving salon business, strategically located in Park Tower, DIFC, is now available for sale. With a strong customer base and excellent profitability, this opportunity offers a seamless transition for the new owner. Let’s delve into the specifics:
Financial Details:
Monthly Expenses vs. Profit:
Enhance your revenue potential by adding a dedicated Gents Section to the salon! Contact us at Leading Properties for more information. 📞🏢
- Nail Services: The salon boasts three highly skilled Russian nail masters with 5+ years of experience. Their expertise ensures top-notch nail services, attracting a loyal clientele.
- Eyelashes and Eyebrows: A dedicated master, fluent in Russian, specializes in eyelash and eyebrow treatments. The commission-based arrangement (50-50 split) ensures mutual success
- Receptionist: The salon employs a Philippine receptionist with 10 years of salon experience ensuring smooth operations and exceptional customer service.
- Property Details: The salon is conveniently connected to the prestigious Gate Avenue Mall, enhancing foot traffic and visibility.
- Business Enhancement: Potential for Gents Section for revenue growth.
Financial Details:
- Business Price: AED 650,000
- Monthly Rent: A reasonable AED 5,580 (paid annually in 4 cheques). Additionally, there’s an enticing opportunity to purchase the property for AED 950,000.
- Note: If you continue with the 3-year lease without purchasing the property, expect a 5% annual rent increase from next year.
- Combined Purchase Option: For those interested in both the business and property, the total investment would be AED 1.6 million.
- Return on Investment (ROI):
- Shop ROI: Impressive 12.5%+
- Business ROI: Strong 15%+
Monthly Expenses vs. Profit:
- Salaries:
- 3 Nail Masters: A total of AED 18,000 (AED 6,000 each)
- Receptionist: AED 4,000
- Eyelashes and Eyebrows (Commission-Based): 50% of revenue
- Other Costs:
- Internet, Phone, Empower: Approximately AED 850 (usually lower)
- Products: Around AED 1,000 (gloves, coffee, water, color gels, eyelash glue)
- License:
- Valid until 11/12/2024
- Annual Cost: AED 22,500 (equivalent to AED 1,875 per month)
- Rent:
- Annual Rent: AED 67,000 (paid in 4 cheques)
- Monthly Rent: AED 5,580
- Total Monthly Expenses: AED 31,305 (including rent)
- Profit: Approximately AED 30,000 - 40,000 per month (considering the recent renovation and non-operational hair section)
- Additional Notes:
- License fees are already paid until next year.
- Rent is covered for the next three months.
- VAT and TA are applicable.
Enhance your revenue potential by adding a dedicated Gents Section to the salon! Contact us at Leading Properties for more information. 📞🏢
Property Information
- TypeShop
- PurposeFor Rent
- Reference no.Bayut - DPT-SHO-FC
- FurnishingFurnished
- Added on6 April 2024
Features / Amenities
Furnished
Parking Spaces: 1
Floor: -1
Total Floors: 49
+ 22 more amenities
Trends
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks
