Financial Report
FY2024–25 At a Glance
Revenue by Location
| Month | Business Bay | Jumeirah 1 | Jumeirah 3 | Village Mall | Total Revenue | Growth MoM |
|---|
Monthly P&L
| Line Item | Jun 24 | Jul 24 | Aug 24 | Sep 24 | Oct 24 | Nov 24 | Dec 24 | Jan 25 | Feb 25 | Mar 25 | Apr 25 | May 25 | FY Total |
|---|
Where Every Dirham Goes
Margin & Efficiency
| Metric | Jun 24 | Jul 24 | Aug 24 | Sep 24 | Oct 24 | Nov 24 | Dec 24 | Jan 25 | Feb 25 | Mar 25 | Apr 25 | May 25 | FY Avg |
|---|
Full Year P&L
| Line Item | AED | % Rev | Notes |
|---|---|---|---|
| REVENUE | 8,348,400 | 100.0% | 4 branches, 312 operating days |
| OPERATING COSTS | |||
| Staff & Wages | 2,721,500 | 32.6% | 40 staff, avg AED 5,670/month |
| Rent & Service Charges | 1,320,000 | 15.8% | BB 38K, J1 26K, J3 24K, VM 22K/mo |
| Products & Consumables | 682,668 | 8.2% | Professional haircare, nail & beauty products |
| Utilities (DEWA & Cooling) | 292,194 | 3.5% | Electricity, water, district cooling |
| Marketing & Social Media | 246,000 | 2.9% | Instagram, Google Ads, influencer partnerships |
| Admin & Professional Fees | 152,300 | 1.8% | Accounting, insurance, trade licences |
| Depreciation | 166,968 | 2.0% | Fit-out & equipment amortised over 5 years |
| Total Operating Costs | 5,581,630 | 66.9% | |
| EBITDA | 2,933,738 | 35.1% | Before depreciation |
| NET PROFIT | 2,766,770 | 33.1% | Pre-partner distributions |
| Monthly avg net profit | 230,564 | ||
| H1 net profit (Jun–Nov 24) | 895,117 | ||
| H2 net profit (Dec 24–May 25) | 1,871,651 | ||
How to Verify These Numbers
These management accounts have not been independently audited. Figures are prepared by Globex Horizon management using standard UAE accounting principles. The Village Mall branch opened March 2024 and results for June–August 2024 reflect a partial ramp-up period. All projections referenced elsewhere on this website are forward-looking and are not guaranteed. Past operating performance does not guarantee future results. No fixed return, guaranteed income, guaranteed profitability, capital protection, or financial guarantee is offered. Returns are subject to business and market conditions. This document does not constitute a regulated financial product offer or investment advice under UAE law.
The AED 20M Raise — Where It Goes & How Partners Get Paid
| Allocation | Amount (AED) | % of Raise | Purpose |
|---|---|---|---|
| Branch Fit-Out & Interior (15 branches) | 7,800,000 | 39.0% | AED 520K per branch — luxury spec, 1,500–2,000 sqft |
| Equipment & Styling Chairs | 2,175,000 | 10.9% | 15 stations, wash units, dryers — AED 145K per branch |
| Lease Deposits (3 months each) | 2,475,000 | 12.4% | AED 165K per branch — returnable at lease end |
| Working Capital (6 months each) | 1,830,000 | 9.2% | AED 122K — covers pre-breakeven operating costs |
| Technology & POS Systems | 630,000 | 3.2% | Booking, CRM, payments, CCTV — AED 42K per branch |
| Staff Recruitment & Training | 1,020,000 | 5.1% | AED 68K — recruitment, onboarding, proprietary training |
| Initial Product Stock | 570,000 | 2.9% | AED 38K — 3-month opening stock per branch |
| 15-Branch Capital Total | 16,500,000 | 82.5% | |
| Contingency Reserve (8%) | 1,320,000 | 6.6% | Cost overrun protection — released only if needed |
| Partner Obligation Reserve Fund | 2,180,000 | 10.9% | Covers 13+ months of full monthly obligations |
| TOTAL RAISE | 20,000,000 | 100.0% | Every dirham allocated · Zero unaccounted balance |
| Phase | Timing | Branches | Capital Deployed | Cumulative Deployed | Target Locations |
|---|---|---|---|---|---|
| Current (Pre-Raise) | Active | 4 | — | — | Business Bay, J1, J3, Village Mall |
| Phase 1 | Late 2026 | +3 → 7 total | 3,300,000 | 3,300,000 | Dubai Marina, JBR Beachwalk, DIFC |
| Phase 2 | 2027 Q1–Q2 | +4 → 11 total | 4,400,000 | 7,700,000 | Downtown, Palm Jumeirah, Mirdif, Al Barsha |
| Phase 3 | 2027 Q3–Q4 | +4 → 15 total | 4,400,000 | 12,100,000 | Abu Dhabi: Corniche, Al Reem, Yas, Khalifa City |
| Phase 4 | 2028–2029 | +4 → 19 total | 4,400,000 | 16,500,000 | Sharjah, Dubai Hills, Dubai South, Creek Harbour |
| Contingency | As required | — | 1,320,000 | 17,820,000 | Cost overrun protection — held in reserve |
| Reserve Fund | Held throughout | — | 2,180,000 | 20,000,000 | Partner obligation safety buffer |
| Period | Branches | Monthly Net Profit | Monthly Obligation | Coverage Ratio | Status |
|---|---|---|---|---|---|
| Today (pre-raise) | 4 | 230,564 | 0 | ∞ | Operating profitably |
| Raise Month 1–3 (AED 3M deployed) | 4 | 230,564 | 24,000 | 9.6x | Very strong |
| Raise Month 4–6 (AED 8M deployed) | 4–5 | ~280,000 | 64,000 | 4.4x | Strong |
| Raise Month 7–9 (AED 14M deployed) | 5–7 | ~360,000 | 112,000 | 3.2x | Strong |
| Raise Month 10–12 (AED 18M) | 7–9 | ~430,000 | 144,000 | 3.0x | Strong |
| Year 1 end — Full deployment | 7 | ~586,000 | 160,000 | 3.7x | Comfortable |
| Year 2 — Phase 2 mature | 11 | ~887,000 | 160,000 | 5.5x | Excellent |
| Year 3+ — Full portfolio | 19 | 1,155,960 | 160,000 | 7.2x | Outstanding |
Partners on the lump-sum structure receive no monthly distributions — their profit share accumulates and is paid as a single settlement at maturity. This is important to understand because it means the business is not under monthly pressure from the majority of partners who choose the lump-sum structure.
The maturity payment is funded from three sources working together: accumulated operating profit from the growing salon network, the profit share that has accrued in the business over the partner term, and the natural staggering of maturity dates across different partners joining at different times.
By Year 3, the 19-branch network generates AED 1.25M in monthly net profit. A 12-month partner at AED 1M (lump-sum at 21.6%) receives AED 216,000 at maturity — that is 17% of one month’s profit. The business comfortably funds this from normal operations. All figures are indicative and subject to the partner’s signed agreement.
| Participation | Term | Indicative Maturity | As % of Yr3 Monthly Net |
|---|---|---|---|
| AED 100,000 lump-sum | 12M | 121,600 | 10.5% |
| AED 300,000 lump-sum | 12M | 364,800 | 31.6% |
| AED 500,000 lump-sum | 36M | 1,070,000 | 92.6% |
| AED 1,000,000 lump-sum | 36M | 2,140,000 | 185% |
Note: all maturity figures are indicative. Actual distributions depend on the operational performance of the underlying businesses over the partnership term and are subject to the terms of each partner’s signed agreement.
Partners sometimes ask: if the business generates 33% net margin, how can it afford to pay partners 21–46%? The answer is that the returns are funded from the incremental profit generated by the new branches that partner capital opens — not from the existing four branches alone.
Each new branch, once mature, generates AED 6,500 per day in revenue and approximately AED 60,000–75,000 per month in net profit. AED 1.1M deployed to open one branch generates AED 60,000–75,000/month, or AED 720,000–900,000 per year in net profit. That is a 65–82% annual return on the branch-level participation — well above the 21–46% distributed to partners. All return figures are indicative and subject to actual business performance.
Nothing to Hide
These Are Real Numbers.
Come and See.
Visit the Elaris Business Bay salon. Review the accounts with your adviser. Ask every question. Then decide.
No fixed return, guaranteed income, guaranteed profitability, capital protection, or financial guarantee is offered. Returns are subject to the operational performance of the underlying businesses and the terms of each partner’s signed commercial agreement. Past performance is not indicative of future results. This document is for informational purposes only and does not constitute a public offering, regulated financial advice, or any regulated financial product.