Established Salon in the SouthListing: #OR00429
About this Business for sale in ParanaqueEstablished Salon in the South
Almost a decade in the industry shows strong business resilience. Over the years, it has earned the trust of clients for their excellent service at reasonable price points.
This salon caters from mid to high end market in the area. Salon uses only top-of-the-line products and serviced by highly skilled stylists. Every detail is well thought of, from imported tiles from Italy to lavish chairs that make sitting there for hours a breeze! It comes with 9 styling chairs in a beautifully designed space.
Strategically located along one of the busiest streets in Paranaque on a ground floor unit. Lease is on a 10-year term with amazingly good rates at around ₱ 41,000/monthly. Annual escalation is only at 6%.
2019 gross sales was at ₱7,063,633.50 and with a profit margin of more than 60%. With the current pandemic, business is trying to pick up on sales again since they’ve reopened in mid-June with average daily sales of ₱10k. Its success over the past few years shows that this business is here to stay.
Make your offer now before the asking price goes up! Call Princess at 0917 514 4535 or 0918 367 6333. You email also send her an email to email@example.com.
+63 2 7900 8000
+63 917 514 4535
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.