Location:
Gold Coast Mc 4217 > Gold Coast > Queensland
Investment level:
$225,000
Type:
Business
Industry:
Health, Beauty & Fitness > Hair, Beauty & Spa > Barber
Located in one of the Gold Coasts Iconic and largest Shopping Centres with massive foot traffic.
$110,000 pa
Getting into centres like this one is extremely hard because everyone wants a retail business with the highest possible foot traffic.
Beautifully fitted out, but the core is the amazing staff who have been with the business long term, and will be keen to stay on in the same roles. A working owner would certainly benefit at least another $50k if not more, so this would give you a return of around $160,000 profit.
This Hair salon is actually also a barber and so a good percentage of the clients are men. It has a great neutral feel so you're not just targeting one demographic, and they also do do all ages.
The seller has zero to do with the running of the business, and sometimes won't set foot in the store for months. So this really is an opportunity for a smart investor looking to get a return on investment within 2 years, and being fully managed, and in such a great location, we feel asking 2 times profit under management is cheap.
The seller will consider all genuine offers but is not in a rush, and doesn't need to give it away has says so an offer will have to close to the asking price.
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