Established over six years ago, the business operations have consistently thrived, boasting impressive revenue figures and maintaining a solid net profit margin of 20%. Looking ahead, the strategic expansion plan is poised to capitalize on the established presence and the anticipated DAMAC development, with the goal of doubling the net profit to an impressive 100%. The facility can further expand its operations by utilizing the extra space on the mezzanine floor of Building A, enabling the addition of more services and the hiring of additional staff to better cater to the needs of the expanding clientele. Currently, the business maintains a loyal customer base of 700 returning clients monthly, along with a steady influx of walk-in guests, including visitors from neighboring areas and hotels. This consistent customer flow highlights the strong appeal and reputation of the establishment within the community, laying a solid foundation for future growth and success.
The area is getting busier with the completion of two towers, which have already attracted clients to the salon. There's an expectation of a significant increase in revenue by the end of the year.
BUSINESS DETAILS:
Established: since 2019
Location: Business Bay
Premises Size: 1087 sq ft
Yearly Rent: 235,000 AED
Monthly Revenue: 120,000 AED
Monthly Expenses: 80,000 AED
Monthly Profit: 35,000-40,000 AED
Number of Staffs: 6 well-trained staffs
Allocated Parking: 6 slots
Tenancy Validity: until 2025 (renewable)
Selling Price: 2,600,000
Salon Facilities & Features:
• 4 Hair Stations
• 2 Nail Stations
• 1 Treatment Area
• 1 VIP facial room
• Reception
• waiting area
• Office & Pantry
For further details, please feel free to contact us!
