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Retail - Beauty Salon - Selling below fitout cost

Listing Id : 252425

Location : New South Wales

Category : Beauty

Asking Price : 119,000

Business description

Retail - Beauty Salon - Sydney CBD - Agent SBX Code Number: W1657 Beauty salon with 3 treatment rooms, 2 nail chairs, 2 facial and body massage chairs, servicing facials and whole body care, nail care, pedicures, eye lashes, waxing and laser treatments. - Price includes all equipment - Air conditioned - Turnover has been restricted to only trading 5 days to allow current owner under fully management run two businesses. Potential New owner could add more beauty services - Could open Saturday and Sunday - Promotion through local magazines, newspapers and to the many office buildings nearby - extend opening hours Features Prime location - Beautiful shop fitout - Almost brand new shop - Very cheap rent. Premises This business has an area of 100 sq.mts Location Situated on 2nd floor of a commercial building in the heart of Chinatown. Trading Hours 5 days - Mon. - Fri. - 1000 a.m. - 700 p.m. Lease 3 years + 3 years option from May, 2018 - Rent increases 4% per year - 3 months bond. Employees 1 fulltimer + 3 parttimers - Fully under management Comments Most of the customers are 70% Chinese - No outgoings - No water charge. -Owner invested over $200,000 on shop fitout - Not selling on figures but fitout. - Currently only opens 5 days to allow current owner to run two businesses - Motivated vendor - A new highly motivated owner has lots of potential to build up a very solid business - A must inspection. Figures Weekly Sales $3500 Rent (ex GST) $700 Wages $1500 Profit $1000 Agent SBX Code Number: W1657 - SBX Business Brokers


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