Turnover: $521,341 PA
Net Owner Operator Income: $78,359
Well established and iconic beauty salon located in Sydney’s affluent North Shore. This establishment is a local institution and attracts clients from across Sydney. It is located in a unique heritage building on a long lease which includes a large, private Balinese inspired courtyard.
About the business
Turnover last year $520k
Net operator income $78k (working only 18 hours a week) Over $130k of furnishings and equipment are included in the sale, with no leased equipment.
Cheap rental cost at only 12% of sales with 4.5 years on lease remaining.
The business has been operating for over 10 years and has a large and loyal client base and is often nominated as the one of the best spas in Sydney’s north. The business focuses on high margin skin treatments, using advanced laser, dermabrasion, and chemical peels with associated retailing of home care skin products. The staff are highly trained and focused on helping clients with their skin concerns. The client’s journey is documented through regular skin health checks using an advanced skin analyzer. Additional treatments include laser hair removal, waxing, massage therapy and body treatments. The business has a mix of staff including full time, casual and contractors.
This business represents great value for money and has potential for growth through adding additional services such as injectables and extending opening hours; currently it is operating only 5.5 days per week. It has an active marketing strategy using an email and text database of over 4000 clients. The business is professionally managed and has a full procedures manual documenting all treatment protocols and operational aspects. The owner recently upgraded its very flexible WordPress website which is fully mobile compatible and ranks very highly on Google search. The website is also setup for eCommerce and PayPal.
The current owner has been reducing her time in the business over the past few years and now wishes to exit the industry to focus her attention on her family. This represents a great opportunity for a new owner to takeover a profitable, well established business in a fabulous and unique location.
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THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND INQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
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