Singapore  Singapore

Sell a Business

Listing ID: 2476 Total Views: 21819

(Sold) Korean Themed Hair Styling Franchise Business For Sale / Takeover

Marine Parade

Date Closed: 24/12/2017

Asking Price: S$100K - 200K
  • Premise Type N/A Premise Size
  • Monthly Rental S$7,000 Rental Desposit S$42,000***
  • Revenue S$200K - 500K 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 Full Time Staff 2
  • Established 2014 Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price

Reason For Sale

Owner has family and career priorities

Description

About the Business


This is a Korean Franchise business with a strong and establised quality brand name which provides haircut services in 10 minutes


Why Buy An Existing Franchise ?


Buying an existing franchise allows new owners / buyers to cut down time it takes to deveop a new businesses and achieve profitabilty in lesser time than it would when buying a new franchise. You're buying a franchise that's already profitable and an outlet that is established in the market place.


What Do You Get When You Buy This Running Business?

  • Transfer of Business Registration and Franchise Agreement (includes lease agreements & existing staff)

  • Leased Outlet (renovated, equipement and POS)

  • Know-how & comprehensive integration with operations

  • Sales Reporting & IT management system


Why is the Owner Selling & How Much?

  • The owner is selling due to family committment and his career which requires frequent overseas travel

  • Owner has two (2) Franchise outlets and will sell both to one buyer or sell them separately. 

  • Owner is not looking to make profit, so will sell for the amount he invested which is between SGD120K to SGD130K per outlet / per franchise. If any buyer is interested to takeover both the outlets, the takeover fee can be negotiated. 


Business Operation

10:30am to 9:30pm
Business Hour
Existing owner will support new buyer / owner with seamless integration into the business. The Franchisee will also assist and support all our local franchisees with:* Know-how & comprehensive training program for the Operations team* Daily & Monthly Sales Reporting & Cash Collection IT System* On-going support that includes outlet visits
Supporting and Training
Business owner, running and managing a retail outlet and entrepreneurial drive.
Background & Skills

Property Information

Rent
Premise Status
3+3 years
Lease Term

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