Beauty Clinic and Tanning Salon For Sale - Urgent Sale

Business description

This beauty clinic and tanning salon is situated on a well established shopping precinct. It attracts customers from the ever increasing housing developments around the area as well as from the local business precinct. The salon has over 2,000 clients on computerised records and enjoys a regular clientele.

Salon Set-up:
The salon consists of 6 individual rooms (tanning beds x 2, spray tanning, waxing x 2, facial) as well as a bright, fresh open area for feet treatments and manicure stations.

Opened by the current owner in May 2006, the salon quickly established itself and has shown good growth over the last 20 months. The main mode of advertising has been direct mail to our 2,000 clients on our data base.

The salon currently opens 6 days per week.

Products used in facial treatments are Sothys and ASAP - both companies supply ample training and support.

Treatments offered:
Facials,
Microdermabrasion (brand new machine purchased 12 months ago),
Massage,
Waxing,
Spray On Tan,
Solarium - 2 beds,
Electrolysis,
Manicure & Pedicure,
Acrylic Nails,
BioSculpture Nails,
Eyelash Perming and Tinting,

Plant and Equipment
Included int the sale price is all equipment fixtures and fittings, a full list available on request. Major items:
Solarium beds x 2,
Microdermabrasion machine ($7,500 new),
Spry Tan Gun,
Electrolysis Machine,
Pedicure Station,
Computer,

Management/Staff

Staff consist of 4 permanent part-time fully qualified beauty therapists and owner working most mornings as has other commitments.

Property information

Real Estate:

Lease

Lease terms:

The business operates out of rented premises. The lease expires in May 2008, however, a further 2 + 2 option is available. The current monthly rental is $2,500 GST inclusive.

Location:

The business is situated in a well established shopping precinct which is rapidly expanding. The shop is located next to CentreLink and across from the public libray ensuring high pedestrian and motor vehicle traffic. The surrounding area has grown tremendously in the last few years with more and more housing developments coming up all the time.

Other information

Expansion potential:

Excellent potential to continue to expand as more and more people move to the area. Simple advertising and marketing should yield further growth.

Competition / Market:

Competition is not great - there are 3 other salons in the area, all small - owner operated. However, our team has worked extremely hard to be the "it" salon in the area by always introducing new, innovative treatments and services.

Support & training:

Product providers will train and support new owners in all skin and product treatments. Current owner will provide generous hand over period. Current qualified beauty therapists will continue to service clients until new owners decide whether to retain them or not.

Reasons for selling:

Family and other businesses commitments. Owner not able to spend necessary hours at salon to ensure future viability. Owner has had to employ 4 other beauty therapist to cover hours and therefore this has placed a strain on the bottom line.

Trading hours:

Mon 9-5 Tue-Fri 9-7 Sat 9-2

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$6,500 (included in the asking price)