- Self-managed
- Provides the opportunity to own and run your business for greater reward. Find out more about the difference between managed and non-managed investments.
WELL ESTABLISHED, PROFITABLE & UNDER MANAGEMENT PREMIER BLOW DRY BAR LOCATED IN BRISBANE’S VIBRANT LIFESTYLE HUB
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
| Amy WanAsking $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.
For more details, please email broker or call agents.
