A profitable Unisex Salon based in Bangalore is looking to raise funds
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Product / Service
Unisex salon, Hair Care, Beauty Services, Spa Services, Makeup, Bridal services, Organic products
Clientele type
Very premium clients - working professionals and business owners, Walk-in customers
Premises
Total Super Built up area: 1500 Sq ft in Indranagar
Located on the 1st floor, nearby the commercial & residenial area
Asking Price Includes
Deposit is 10 lacs, Partners have invested 60 lacs in the business as of now. Capital to be raised was at 1.25 Cr @ 25% equity stake.
Reason
We want to expand into distribution and training or exclusive organic hair removal products imported from USA.
Other Details
The parent company has 3 verticals - Salon operations, training and distribution of an innovative organic hair removal product.
They are total 3 partners
The Capital will be used to introduce this organic hair removal service for the first time in India. Along with growing it in our salon
Agreement with the US manufacturer for pan India distribution - offline and online. This product is used in 25 countries worldwide and we want to scale it up in India.
We are looking to raise 15L at a 10% equity stake in the company.
We have all marketing collateral ready with us and we have got the products registered with the Drug Control body of India - CDSCO.
Total running expense – Rent (1.1L + GST) + Staff Salary (1.1L) + Product Cost (25K+ GST) + Maintenance (10K) + Electricity (10K) + Misc (10K)
Deposit is already paid – 10L
We had reached operational break even in just 5th month - Feb 2020.
Caters to working professional and business class in and around Indiranagar.
Current Staff: 2 hairstylist, 2 beauticians, 1 masseur, 1 salon manager, 1 housekeeping staff.
Salon Capacity: 4 hair stations, 2 manicure and pedicure stations, 1 spa room, 2 facial and waxing rooms, 2 makeup and styling stations, good reception area, 1 office room and 1 staff room.
Has one of the highest rating on Google
The ROI will be recovered within 5-6years
Asking price-INR 15Lkah against 10% equity
Business Tags
₹10 to ₹200 Cr
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