SKIN, LASER AND BEAUTY -DRASTIC PRICE REDUCTION

Business Description Summary:

This exceptionally well run beauty and skin salon was established in October 2007 in its current location in the upwardly mobile suburb of Seddon. The business grew steadily with the owners playing an active role. One of the owners was actively involved in the business, while the other played a non-executive, organisational and review role. The active partner played a decreasing role for personal reasons and eventually withdrew from the business in April 2013.

Operations:

Operating hours are:

• Sunday & Monday: Closed
• Tuesday: 9.30 a.m. to 6.00 p.m.
• Wednesday & Thursday: 9.30 a.m. to 9.00 p.m.
• Friday: 9.30 a.m. to 6.00 p.m.
• Saturday: 9.00 a.m. to 5.00 p.m.

Market / Customer:

The target market is young professionals in the 28 – 50 year old bracket, although many younger clients are now being treated, being daughters of long standing clients. 5% of clients are male and this sector is growing.

There are over 3,500 clients in the database, which is totally automated as part of the overall computer software package (Shortcuts), and is used for marketing activities such as "set and forget", birthday wishes, referrals, electronic blast outs.

Products / Services:

The following services are provided:

• Medi-Facials
• Microdermabrasion
• Sonophoresis
• Cosmetic/Chemical peels
• Traditional facials
• Cosmetic injections
• Permanent hair reduction
• Photo rejuvenation
• Waxing
• Lash and brow tinting
• Manicures and pedicures, including shellac treatments
• Bespoke brow styling

Premises:

The rental of the premises is $27,926.76 p.a. excluding outgoings of $8,965, which includes electricity, gas and water. There are annual CPI increases plus market review for renewals.

There is a 5 year lease which expires on 15 April 2016, with two 4 year options to renew.

The extent of the premises is 160 xxxxx. and is fully air-conditioned.

The building is located on a corner site of a busy main road in an area reported to be one of the fasted growing suburbs close to the city. Demographic movement over the last few years has seen an increasingly white collar, professional resident moving into the area. The area has transformed into a modern, inner city suburb with many boutiques and coffee shops and the attendant lifestyle. It is 200m from a railway station and there is a very active local business support group in place.

The premises consist of:

Downstairs:

• Reception/Retail area
• Two skin consultation stations
• Two manicure stations
• One wax, pedicure, and tinting room
• One facial, waxing, pedicure, tinting and injectables room. Injectables are carried out once a month by a registered nurse.
• Storage room
• Laundry and toilet
• Staffroom
• A garage/storeroom with remote control access

Upstairs:

• One facial, waxing and tinting room
• One IPL laser treatment, waxing and tinting room
• One shower/toilet
• Storeroom

Plans have been approved to convert what used to be the apartment kitchen into two additional treatment rooms

Equipment / Fittings:

Equipment, fixtures and fittings at an original cost of $176,000 is included in the asking price. A full list is included in the Information Memorandum.

Management / Staff:

The operating staff is:

• Salon manager and beauty/laser therapist
• Senior beauty/laser therapist
• Senior beauty therapist

All staff is highly motivated and well trained in the latest techniques and supplier products. All IPL operators are fully certified.

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To receive ADDITIONAL INFORMATION on this business, please contact Steve Lentin:

Telephone xxxxx
Fax xxxxx
Mobile xxxxx
Email xxxxx.