Hair & beauty salon, southern suburbs

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Business Description

• Established 17 years

• Recently renovated and nothing to spend

• Run under partial management, same owner since 2006
 
• Turnover in excess of $350,000 p.a.
 
• Tanning and waxing room
 
• Vendor prepared to assist to ensure easy transition
 
David Hutchinson 0414 440 953

Extended Price Information

Goodwill including Plant & Equipment $60,000
Stock at valuation (approx) $23,000
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$83,000

Financial Summary

Year
Sales
2014/2015 $359,835
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Staff Summary

The vendor works approximately 3 days per week and there are two full time, two part time and one casual staff member.

Lease Summary

Current Rent $3,795 per month (GST incl.) + Promotional Levy $94.88 per month (GST incl.)
Lease Term 5 years
Lease Commencement 25th August 2014
Lease Expiration 24th August 2019
Right of Renewal 1 x 5 years
Outgoings Paid by landlord, except salon electricity which is paid by tenant
Adjustments 2016 – fixed increase to $3,921 per month (GST incl.) then 4% annually with a market review at the end of the term of the lease.

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