POPULAR, PROFITABLE & NEWLY RENOVATED HAIR SALON IN A LOCATION OF CULTURALLY DENSE OF ASIAN COMMUNITY

This iconic, well-respected, highly profitable and successful salon nested in a bustling area of the major multicultural hub in Southern Brisbane district. Ideally located in a position which is second to none as it is situated near shops, cafes, food outlets, transport stations and roads offering excellent exposure and high foot traffic. This position offers a diverse and affluent clientele in Southern Brisbane enjoying high foot-traffic in a high visibility location. The rent is reasonably at $1,400/week (inclusive O/G & GST) with a long lease and a supportive landlord. Owner spent over $250K in setting up this shop with a modern fit-out.

Owner is NOT A HAIRDRESSER and he merely acts as the Manager administrating clients bookings, staffing and general office management functions. The salon is specialising in a
wide range of services and techniques and successfully operating with good profit and has thrived thanks to the words of mouth and a team of experienced and talented hair stylists.

The hairdressers are well paid with $32-$45 hourly rate with incentive bonus helping the business generating yearly income for 2024 of half a million (cash not included) with $105,000+ net profit.

The owner is reluctant to offload this business but due to personal reason to relocate overseas and is committed to offer easy handover and post settlement education to the new buyer.

This business is perfectly suitable for a hairdresser or a beautician who would like to scale up the present revenue by introducing beauty salon services. It also suits an investor who is motivated to get the best ROI. Besides, it is well qualified to be acquired by a Visa 188A applicant in order to fulfil his/her PR application.

Contact Henry Chow

Asking $249,000

Ref. no. BUY2490

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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