Operating in a desirable area in this ”go-to” beachside town located in the far north eastern corner of New South Wales
Set up as a fully managed salon with a full team including full time manager, the staff are well trained and run this salon fully autonomously as the owner lives overseas.
In a desirable exclusive destination, this salon is walk-in condition – there is nothing needed to be done, except make money!
Larger style salon with plenty of stations & basins, the floor space is well planned out and beautifully functioning.
The salon also has additional income from a one bedroom apartment connected to the premises. Last year the apartment showed an income of $62,897. The total rent of the salon and apartment was $72,295 for the same period. So in effect, the apartment rental nearly covers the total rent for the salon.
The business has had a large increase in revenue in 2021 due to the easing of Covid restrictions in the region coupled with the recruitment of several new senior stylists. The sales revenue for 2022 should see a continued growth pattern as new stylists continue to join the team and travel restrictions ease.
Net Profit to a non-working owner of $$364,85
Sales Price $545,000 plus stock