Sold
Whilst this is not your average investment opportunity, this business offers exceptional return to investor, increasing every year.
Located in a bright and busy shopping centre in a highly populated location, this tattoo studio operates 7 days a week, and is part of a trusted tattoo brand that operates globally, across 10 countries.
The tattoo industry has grown exponentially over the past 20 to 30 years as tattoos have now become a fashion choice for many and accepted as a work of art, with one in 5 Australians having one or more tattoos. There have also been improvements to the regulation and laws associated with tattoo studio ownership over the years, and this studio has no involvement in any activities that historically may have been associated with the industry.
Currently run under management the vendor has little involvement in the day-to-day operation of the business and has full time employment within the corporate sector, and not even one tattoo! He is only selling the business as he is relocating overseas in the near future with his partner, on a permanent basis.
So even though you may not have a tattoo, or have any interest in the industry, this is a perfect investment opportunity for the right person. As part of the franchise transfer fee the purchaser will own the rights into any further franchised studios in South Australia, offering the owner further opportunities for growth.
There are 3 full time staff employed by the business and one casual employee, and their professional team of tattoo artists and technicians have a passion for artistry and a strong commitment to their work, setting the standard for providing quality services and an exceptional customer experience.
In its first 12 months of operation the business had sales of over $1,000,000, and a return to investor of around $200,000, with annualised figures for 2022/23 predicting sales of over $1.3Mil.
Simon Winter 0419 828 689
Year | Sales | Return to Investor | Return on Investment |
---|---|---|---|
2022/2023 | $1,391,198 (annualised) | $344,544 | 47,20% |
2021/2022 | $1,099,971 | $219,563 | 30.08% |
2020/2021 | $1,102,672 (annualised) | $177,680 | 24.33% |
Current Rent | $10,897 per month + GST or 5% of turnover (which |
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Lease Term | 7 years |
Lease Commencement | 1st April 2021 |
Lease Expiration | 31st March 2028 |
Outgoings | Paid by Tenant |
Adjustments | 4% per annum |