SOLD - Beauty Salon (taking $4k per week)
PRAHRAN VICLast asking price $68,000
Sold June 2023
Health & Beauty
Beauty/ Health - Beauty Salon, Massage, Nails, Facials, Waxing
- Asking Price: $68,000 (plus SAV)
- Annual Sales: $222,555
- Weekly Sales: approx $4,000
- Annual Gross Profit: tba
- Annual Net Profit: tba
- Adjusted Net Profit: tba
- Lease Details: monthly rental $2,708 (plus outgoings), 5+5 lease commenced February 2012, rent almost completely subsidised through subletting certain areas of the premises to other businesses. An inspection is a must!
OVERVIEW
- Salon offers various forms of facials, microdermabrasion, manicure, pedicure, massage, waxing, spray on tanning, electrolysis
- Superbly situated on a main road with plenty of passing foot and vehicular traffic and plenty of car parking space nearby
- Numerous treatment rooms, an office, reception area, nail area plus other spaces sublet to other businesses. And a residence ready for a new owner to occupy!
STRENGTHS/ BENEFITS
- Very well established with a strong local following
- Run under management with three excellent staff members
- Very good lease terms and cheap rent once rental income from subtenants is accounted for
SUMMARY
- Inspection is a must
- Location, location, location!
- Priced to sell. Won't last long!
REASON FOR SALE
- Owner selling due to family commitments (young children)
Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on xxxxx for a confidential discussion about this business or register your interest below to receive a comprehensive Business Information Memorandum. Please quote reference BR1019.
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