• Ladies Beauty Salon for sale in Dubai

Ladies Beauty Salon for sale in Dubai

Jumeirah 3, Jumeirah, Dubai, UAE

1,600,000AED

Date : February 17, 2021
How does your business make money? : 0
How can the future owner improve this business? : ........
Description : .......

Description

Executive Summary:

Beauty salon for ladies only – opened in 1981

License Type: Professional License

Activity: Beauty salon

Other licenses included: license to sell retail cosmetics and hair products

Type of company: Civil Company

Local Agent: required by law with no obligation to own any shares of the company

Current Local Agent Annual Payment: 10,000AED

Current visas: 2 hairdressers, 3 beauticians, 2 manicurists, 1 receptionist

Quota for extra visas: 30 total

Customer database: 31,000 contacts

1,600,000 AED (50% shares)

3,200,000 AED (100% shares)

Projection of ROI: 54 months

Profit Projection: 337.5K 600.6K 723.8K

ROI annual: 12% 21% 26%

LOCATION, LOCATION, LOCATION:

Located in an independent villa in Jumeirah 3

Shop size: 4550 square feet

Shop rent: 150,000AED for 2021 and 200,000 AED for 2022

4 bathrooms (3 of which with shower)

7 hair stations, 5 mani & pedi stations, 2 hair washing stations, 3 rooms for waxing, facials, and massages

Kitchen for the staff, 2 warehouses for product storage inside the shop, and 1 warehouse outside

Back office with separate entrance and independent bathroom

Area: Jumeirah 3, characterized by a central residential area (villas), close to numerous schools, malls, hospitals, and supermarkets

CLIENT DETAILS:

Client database with over 31,000 customers (data collection started in 2014)

Aggregate social media platforms with over 145,000 followers (Facebook and Instagram)

70% Arab customers, 15% Western, 10% Asian, 5% other

Numerous third-generation customers (grandmothers, daughters, grand-daughters)

Customer loyalty 10-15 years (on average)

SOCIAL MEDIA DETAILS:

Instagram: created in 2017 |19.6K followers

Facebook: created in 2012 |111K followers| 8,416 people checked in

Google My Business (December 2020 data): 14k views, 6k searches, 4.7k activity, 4.8 * reviews

SALES DETAILS

2019 Revenue: AED 1,731,770

2019 Expenses: AED 1,348,323

2019 Profit: AED 383,447

2020 Revenue: Pending Audit

2020 Profit: Pending Audit

Average Annual Profits: AED 1,789,404

2022 Projected Profit: AED 600,600

2023 Projected Profit: AED 723,810

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Location

Jumeirah 3, Jumeirah, Dubai, UAE
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