$39,500 WIWO

Well Established, Profitable & Under Management Premier Blow Dry Bar located In Brisbane's Vibrant Lifestyle Hub

Short Summary

Profitable Blow Dry Bar operating under management in prime location with skilled team, strong client base and huge growth potential.

Key Selling Points

  • Under Management

  • Passive Income

  • Low Overheads

  • Low Stock requirements

  • Low working capital requirements

  • Long term Management and Staff in place

  • Strong year to year Sales

  • Low Rent

  • Simplistic business

  • Clean business

  • 80% Repeat Work

  • Best Location

  • High foot traffic location

  • High visibility location

TAKE NOTE – This is a WIWO business.

WIWO, short for “Walk In Walk Out,” is a common term in the Australian business selling. It refers to a type of business sale where the buyer takes over the business operations immediately upon purchase, without the need for extensive transition or stocktaking. The seller essentially leaves everything as it is, allowing the new owner to “walk in” and “walk out” with the business.

This potentially means buyer can buy a quality business with undervalued assets from a seller desperate for an exit. As a buyer, it is up to you to perform your due diligence to ensure you know what you are getting into.

This well-established blow dry salon has built a strong reputation for delivering exceptional treatments, with a specialty in blow drying, dry styling and variety of makeup services including express makeup, glam makeup and bridal. In addition it offers different styling for glam events and hydrating hair treatments comprising a spectrum of highly sought-after service that sets it apart from competitors. With over five years of dedicated service, this business enjoys a loyal customer base that values quality results and outstanding care.

The business was established in 2020 by a group of investors who are merely acted as silent owners and they trust the business to a full time Manager who is supported by a number of talented hair stylists. Their team of expert hairstylists and makeup artists are committed to provide the customers with the ultimate beauty experience.

The business is paying around $1,300 per week on rent & misc. which includes GST, O/G & electricity. The averaged weekly income is at $6,000 whilst the low week can be 5K and busy week can be $8K. The landlord is very friendly and offers the business a YOY lease. New owner can negotiate a new lease with the landlord and it should be quite straightforward as long as the buyer can satisfy the landlord as a high quality tenant.

The investors are enjoying passive income of $30,000 to $50,000 pa. from the annual netting of the business whilst the Manager is salaried at $90,000 pa. (plus super). In other words, if the new owner can engage as the Manager, the annual netting will be up to over $120,000 (including the wage).

The investors are breaking up, hence the offload.

This is a perfect business for an experienced hair stylist to own her stage and to drive up the revenue via strengthening of marketing and addition of products. It is also a suitable business for the Visa 188A applicant who is required to buy a local business to fulfil the visa application requirement.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $39,500 WIWO

Ref. no. BUY2505

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.

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    Property Features
    Henry Chow
    0421 040 857
    Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!
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