Summary
Cairns Beauty Bar is a reputable fully tenanted business. With 8 subleased tenants, the business runs itself. Very profitable, passive income.
Revenue
$110,760 pa
Rent
$43,800 pa
Expenses
$5,000 pa
Net Profit
$61,960 pa
Location Details
L1, 488 MULGRAVE ROAD, EARLVILLE
Prime location - situated on the main road with over 30,000 vehicles passing per day. The salon is situated opposite one of the biggest shopping centres in Cairns. Highly visable and easy access. Free parking for clients and staff.
Potential
CBB - potential to expand into the next side of the building to generate extra income.
This well-established salon is perfectly positioned for growth, making it a lucrative investment opportunity.
Skills
The CBB business, requires no specific skills as it operates smoothly, providing passive income. This makes it an attractive option for those seeking a low-maintenance investment.
Hours
Cairns Beauty Bar is open Monday to Sunday.
Lease
3 year lease with the option of an additonal 6 years.
Employees
CBB business - No employees required as it runs itself as passive income.
Reason for Sale
I originally started CBB for my business. It is a massive shop space to fill and asked local hair and beauty business in Cairns if they wanted to rent out a space to help me with the lease. Within 3 months, we had all rooms occupied within 3 months. Unintentionally making it a viable business within it self. This space is not my seen anymore and im ready to move on to the next stage of my life.
About the Business
Cairns Beauty Bar (CBB), offering a unique investment opportunity. Unlike the hands-on management required in many businesses, CBB operates with remarkable efficiency and minimal oversight. The business is managed by an accountant who meticulously oversee figures, invoices, and revenue, ensuring financial stability and transparency. All outgoing expenses are covered by the tenants, making it a highly profitable investment with minimal involvement required from the owner.
History
I founded Cairns Beauty Bar in 2021. CBB was the first multiple tenancy business in the Hair and Beauty Space. We have tenants who have business in the hair industry, skin, injectables, nails, lash and brows, makeup and massage. A one stop shop.
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