Highly Profitable and Established Hair Salon Excellent Fitout

Business Details

Did you miss out on the great property and share market booms of 2021? 
Business ownership, often overlooked and misunderstood, is one of the great ways to create freedom. 
Meki Hair presents that opportunity to profit from opportunities overlooked by the property, share investors, and help you forge your financial freedom. 
The business serves a primary customer need, and it was once said hair is a growing business. 
You have two essential options if you want to own your own business and set up your financial future.
Option 1: Buy an existing business and improve and grow it.
Option 2: Start from scratch, create your concept, and test to see if it works.
In almost all experiences, buying and improving an existing business is better than starting from scratch. The case for taking ownership of Meki is compelling. 
At the offered price of $180,000, the business is undervalued.
It's established with over 14 years of customer loyalty and has instant cash flow. 
It currently generates $500,000 in sales on an annual basis. 
The owner worked the business and generated $200k in profits in 2021 for an average of 40 hours per week.
The size of the business is approx. 126sqm. 
The owners are prepared to provide some seller finance as they believe in the prospects of the business, the customers and the staff. 
To access seller finance, you must develop a business plan and demonstrate a passion for making it work.
Some additional investment items that you will need to consider in addition to the purchase are the stock at value and the bond for the retail is a combined $32,000 approx. 
Capital Commercial Business Sales has reached out to ANZ enterprise banking to provide approved applicants with 50% debt financing on the business purchase.
Inspections and enquiries to be directed to Simon Lee of Capital Commercial Business Sales call 7 days 0451819158 or email sales@capitalcommercial.com.au.

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Franklin, Australian Capital Territory
Hair dressing, beauty salons & day spas.

The premises are subleased.

• Commencement Date: 1st July 2017
• Termination Date: 30th June 2022 (1st option is exercised by the owner)
• Term: 5 years
• Further Terms: 1st option – 5 years; 2nd option – 5 years
• Bank Guarantee: An initial amount of 3 months’ rent being $15,444.00 plus GST as at the Commencement Date
• Annual Rent: $61,776.00 per annum plus GST
• Current monthly Rent: $5,148.00 per month plus GST
• Outgoings: N/A
• Percentage Rate: 3.5%
• Public Liability Insurance: $20 million
• Total Square Meters: Approx. 126 SQM

2 Senior Stylists, 1 3rd Year Apprentice, 1 Salon Director & Owner
Monday: Closed, Tuesday: 9:30am 5:00pm, Wednesday-Thursday: 10:00am 8:30pm, Friday: 9:00am 5:3
Owner Operated

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Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : 180000

Stock at Value : $16,000.00

Finance Options :

Frank Walmsley

0400 446 605