About the Business

TAKE NOTE – This is a WIWO business.

The business was established in 2020 by a group of investors who are merely acted as silent owners and they trust the business to a full time Manager who is supported by a number of talented hair stylists. Their team of expert hairstylists and makeup artists are committed to provide the customers with the ultimate beauty experience.

The business is paying around $1,300 per week on rent & misc. which includes GST, O/G & electricity. The averaged weekly income is at $6,000 whilst the low week can be 5K and busy week can be $8K. The landlord is very friendly and offers the business a YOY lease. New owner can negotiate a new lease with the landlord and it should be quite straightforward as long as the buyer can satisfy the landlord as a high quality tenant.

The investors are enjoying passive income of $30,000 to $50,000 pa. from the annual netting of the business whilst the Manager is salaried at $90,000 pa. (plus super). In other words, if the new owner can engage as the Manager, the annual netting will be up to over $120,000 (including the wage).

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.