Hair And Beauty Salon In Wollongong For Sale

Business description

Well established and respected hair and beauty salon situated in a prime centre. There is no other beauty salon in the centre. Fabulous fitout and equipment. Currently run under management this store can continue to do so and act as an investement for a buyer.

It is very well established as a hair and beauty salon – the only beauty salon in the centre giving it a distinct advantage.
It has a wonderful fit-out which is immaculate and will remain in place.
The client database is in excess of 2000 clients many of which are strong and regular clients.
The existing staff are well-trained and experienced; business success has not to date been reliant on an owner being hands-on as it has been part of a franchise. However an owner-operator should be able to take this business to new heights.
The store is in a shopping centre. The lease expires in 2.5 yrs and a new lease is available for an approved buyer.

Asking price no missprint. The owner needs to sell urgently.

Property information

Real Estate:

Lease

Lease terms:

Commencement date: 31/10/2007
Termination Date: 30/10/2013
An extention will be available to an accepted tenant

Leasehold rent:

$71,000 per annum

Location:

The business is situated in a prime shopping centre.

Premises details:

Magnificent fit out with all the latest equipment included. The premises contains 2 basins, 3 stations with one double sided which is portable being a total of 5, 4 cubicles and a large retail area.

Business Operation

Expansion potential:

The store is beingsuccessfully run by a manager. An owner/operator should be able to do even better.

Competition / Market:

There are no other beauty salons int he centre. There are 2 hairdressers and 1 nail bar.

Reasons for selling:

The business is being run under a franchise and the owner wishes to discontinue the franchise model for this store.

Trading hours:

Monday to Wednesday, Friday 9am to 5:30pm
Thursday 9am to 9pm
Saturday 9am to 4pm
Sunday 10 am to 4pm

Employees:

5

Years established:

4

Other information

Support & training:

The owner will provide the necessary training.

Inventory / Stock value:

$15,000