Immaculate Hair Salon Under Management

Sold - Gold Coast QLD

Short Summary

Located in one of the Gold Coasts Iconic and largest Shopping Centres with massive foot traffic.

Key Selling Points

• Established brand
• Under Management
• Passive Income
• Long term Management and Staff in place
• Strong year to year Sales

Getting into centres like this one is extremely hard because everyone wants a retail business with the highest possible foot traffic.

Beautifully fitted out, but the core is the amazing staff who have been with the business long term, and will be keen to stay on in the same roles. A working owner would certainly benefit at least another $50k if not more, so this would give you a return of around $160,000 profit.

This Hair salon is actually also a barber and so a good percentage of the clients are men. It has a great neutral feel so you’re not just targeting one demographic, and they also do do all ages.

The seller has zero to do with the running of the business, and sometimes won’t set foot in the store for months. So this really is an opportunity for a smart investor looking to get a return on investment within 2 years, and being fully managed, and in such a great location, we feel asking 2 times profit under management is cheap.

The seller will consider all genuine offers but is not in a rush, and doesn’t need to give it away has says so an offer will have to close to the asking price.

Contact Kristina Andreassen 0429 537 908 | Tinus Potgieter 0435 448 417

Asking $220,000

Ref. no. BUY2422

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.