Summary
WIWO, all the hard work is done in this beautiful light filled space! Fully managed, let this investment continue to run for you or if you are in the industry add yourself in and continue to grow.
Revenue
$313,203 pa
Rent
$75,600 pa
Expenses
$169,775 pa
Net Profit
$67,828 pa
Location Details
Main street location with high exposure, plenty of foot traffic and street parking available.
Potential
The business is currently fully managed and streamlined with easy to follow, sustainable systems in place. We have grown significantly over the past 12 months. There are still plenty of growth opportunities that have not yet been explored. You could potentially allow the business to continue to turn over as it is, drawing a wage without having to step into the business. Or, if you are in the industry you could easily add yourself into the business increasing your income trifold and expanding.
Skills
No skills needed to run this business as it is fully managed.
If you wanted to add yourself in as an operator on the front desk, management or add yourself in as a practising therapist you would receive any training from myself as the outgoing manager and from the manager onsite.
Hours
open 7 days per week
Currently Monday-Saturday
2 late nights
Sunday by appointment only
Lease
3 years with renewal option
currently 2 years remaining.
Employees
1 FT manager plus a team of casual, but engaged, commited employees. It is never an issue to ask the team to work more hours, they are always happy and willing and take pride in their work.
Reason for Sale
Owner is wanting to expand her family and is on an IVF journey.
About the Business
We are a busy, light filled salon on a main street with huge street frontage.
Offering Brow services, all lash services as well as facials. Floor space approximately 110 sqm, fully fitted out with nothing needed to be added to continue and to grow. The salon itself has a large tea room (with opportunity to create another closed off beauty room) as well as its own toilet.
There are also three very long term room renters paying $200/week each for two of them and $150/fortnight for the third person.
There is growth opportunity with further treaments that could be added as well as another lash and brow space that could be utilised by another therapist.
You will see initial investment return within the 3 year mark if the business is continued on as it is now. If you are wanting to step further into the community (suburb is a very affluent, community oriented area) and advertise with local businesses and schools the business will grow further again. Current owner just does not have capacity with multiple children of her own as well as her current IVF journey.
History
This business has been in operation for approximately 5 years.
We have worked very hard to create a busines that can operate with the owner being completely hands off. Our hiring, induction, training, ordering, day to day operations and communication processes are streamlined and easy to follow.
This area and this business with its large floor space and engaged beauty service operators has huge potential but is currently a proditable and sustainable business.
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