$260,000 + SAV ($20,000 approx.)
Located approximately 50 minutes north of Adelaide, this salon is constantly in high demand as it offers a wide range of hair services. Clients simply can’t get enough of the outstanding services they receive and at such great prices too.
Originally starting in July 2017 from home the Vendor realised there was a demand for services and opportunity to expand. Opening a shop front in July 2020, the business quickly grew to where it is now and employs 9 staff members with a fully equipped service area (which includes 14 working stations). Trading only 5 days per week (no public holidays), the business’ main income stream is hair services but there is also an income stream from retail sales of hair products.
Having owned and operated the business since its inception in 2017, the vendor has decided that it is now the right time to sell so she can focus on a career change.
Tony Iasiello 0412 217 608
Goodwill including Plant & Equipment | $260,000 |
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Stock at valuation (approx) | $20,000 |
$280,000 |
Year | Sales | Return to Owner |
---|---|---|
2020/2021 | $448,548 | $92,879 |
2021/2022 | $736,290 | $195,350 |
Current Rent | $1,818.18 per month + GST |
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Lease Term | 2 Years |
Lease Commencement | 12th June 2020 |
Lease Expiration | 11th August 2022 |
Right of Renewal | 3 x 2 years |
Outgoings | Paid By Tenant |
Adjustments | CPI Annually |