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  • Highly profitable JLT Salon and SPA for Sale
Highly profitable JLT Salon and SPA for Sale

Highly profitable JLT Salon and SPA for Sale

  • Type :

    Buy Business
  • Business Type:

    Business
  • Business Name:

  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    JLT
  • Asking Price:

    950,000 AED
  • No Of Employee:

    4
  • Year Established:

    2015
  • Annual Turnover:

    700,000 AED
  • Annual Net Profit:

    230,000 AED
  • Business Licence:

    Free Zone
  • Net Assets:

    1,125,083 AED
  • Inventory Value:

    20,000 AED
  • Trading Hours:

    10 AM – 10 PM Sunday-Thursday; 2 PM – 10 PM Friday
  • Real Estate:

    Leased by the Business
  • Lease Terms:

    Annual
  • Lease Terms Description:

    5 Years Contract, Renewable. The lease expires on 29 November each year. The rent has been paid until 29 November 2017.
  • Leasehold Rent:

    265,000 AED
  • Size of Premises:

    1,234 sq ft
  • Reason for Sale:

    Owners relocating out of the UAE due to family reasons
  • Facilities:

    5 Hair Stations 6 Manicure Stations 4 Pedicure Stations 2 Stations For Facial, Waxing, And Body Treatments 1 Shower Facility
  • Information on staff:

    3 carefully handpicked staff from Vietnam and Philippines Who have passed a stringent selection criteria. One of the staff members is very experienced and has the potential to manage the salon.
  • Information on transition to new owner:

    All staff are very loyal to the business and will continue with it. We are already recruiting the 4th candidate. Support on marketing and corporate deals can be provided during the transition period.

Business Overview

This high quality Beauty Salon and Spa is located in Jumeirah Lake Towers and offers some of the finest treatments including mini facials, beauty salon treatments, artificial nails, massage, detox and more. The Business was launched in January 2015, and since then has succeeded in building a solid and loyal customer base. The founders managed to build a strong brand identity, which when complemented with excellent service and high customer satisfaction ratings, has led to a strong brand equity that should enable the business to scale up and expand into new locations. The Business has reached its financial break-even point after one year of launch and has solid marketing plans to continue its growth momentum. The financial side of the business is managed closely by both internal and external financial auditors, which should provide full financial transparency to the potential investors. A lot of investments have been put behind developing a winning brand identity. The business currently has a database of around 3,700 customers, out of which, around 800 are repeat customers. The equipment designs, floor design, marketing collateral, service know-how, and competitive sourcing puts the business in a strong position to expand through franchising opportunities. The salon opened its door for trading on the 25 of January 2015. Ever since the business has been growing month after month until it reached break-even in its second year of operation. The growth has been fueled by local store marketing targeting women in JLT, in both residential and business towers, through location targeted social and digital media campaigns, signage within JLT, door to door menu distribution, and SMS campaigns. To drive online booking, the business has developed a website with online booking capability. The website has managed to organically make it to the first page of google search for the keywords “beauty salon JLT”. There have been tie-ups with Discovery and Online Booking Platforms like Vaniday, Bospasa, Kobonaty, Wellclub, and Mazkara to drive online bookings with special packages. To drive growth even further, the business has managed to sign corporate deals with special discounts for the women employees with leading companies close to JLT as well as agreements with three major credit card providers – HSBC, UBL and Najm. In February 2017, the business has reached a deal with Johnson & Johnson for a reward campaign at Carrefour outlets targeting women.

• Nail Treatments • Relaxation on-the-go • Hair Treatments • Body Treatments • Facial Treatments • Waxing & Threading

Ground Floor, with separate entrance parallel to the main tower lobby.

It is the only beauty salon and spa in the cluster where it operates and the adjacent cluster. This has offered the business the chance to capture the market where it operates. The salon has been built to be franchisable – all technical drawings and materials needed will be provided.

The Business has reached its financial break-even point after one year of launch and has solid marketing plans to continue its growth momentum. A lot of investments have been put behind developing a winning brand identity. The business currently has a database of around 3,700 customers, out of which, around 800 are repeat customers. The equipment designs, floor design, marketing collateral, service know-how, and competitive sourcing puts the business in a strong position to expand through franchising opportunities.

DISCLAIMER

This Listing has been produced by a User of our Site and, in accordance with our Terms and Conditions and Marketplace Policy, we are not responsible for the content of the Listing or any information or materials referenced in the Listing. You should undertake your own due diligence in respect of the contents of the Listing and any queries should be directed directly to the Seller using the contact form set out above.

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