08 8361 3074

City Fringe Day Spa & Beauty Salon

$99,000 + SAV ($23,000 approx.)

Business Description

At a Glance

  • Operates 5 days per week
  • Less than 10 minutes south of the city
  • Established for over 20 years
  • Renovated in 2016
  • Vendor working 30 hours – ability to be run under management

Located less than 10 minutes south of the city centre, this day spa & beauty salon is primely located in a popular shopping strip. Having been established for over 20 years, this salon has a prominent reputation for great service and quality, environmentally friendly products (which are supported by their attractive online reviews).

Offering services such as facials, body treatments, manicures/pedicures, make up, waxing, and spray tans, clients are able to absolutely spoil themselves and can even take the experience home with them with the salon retailing a range of exclusive brands. Having undergone renovations in recent years, the salon is modern, calming and has been designed to create a complete relaxation experience for their clients.

The business trades 5 days per week, has a strong online presence and well-trained and knowledgeable staff with the Vendor working in the salon approx. 30 hours per week. This is a perfect business opportunity for an owner operator who has a passion for customer interactions or the business has the ability to be run under management.

Carla Adams  - 0420 937 276

Melanie Winter 0408 085 932

Extended Price Information

Goodwill including Plant & Equipment $99,000
Stock at valuation (approx) $23,000

Financial Summary

Year Sales Return to Owner Return on Owner's Investment
2018/2019 $319,160 $44,742 36.66%
2019/2020 $311,430 $51,473 42.19%
2020/2021 $385,785 $113,855 93.33%

Staff Summary

There are currently 3 part time therapists and one casual receptionist employed at the business.

Lease Summary

Current Rent $3,265.37 per month incl. GST
Lease Term 5 years
Lease Commencement 1st July 2017
Lease Expiration 30th June 2022
Right of Renewal Nil
Outgoings Paid by Landlord
Adjustments 4% per annum