Are you a hairdresser aspiring to own or start your very own business? Our owners are prepared to back you by offering 80% seller financing.
That means you provide an upfront payment of $20k and pay the landlord a bank guarantee of about $20k, then pay back the owner on a weekly basis over 12 or 18 months.
This extraordinary opportunity enables you to break into your business well below establishment or replacement costs. Plus, with a minimal upfront expense.
This business opportunity is suited to a hairdresser with a passion but limited financial means. You will need to have experience in hairdressing or business to access seller financing and landlord approval.
There are better opportunities for people seeking business skills migration; please refrain from enquiring if you are seeking a 491 migration pathway.
Why is the current owner considering this rate financing option? Well, as much as she loves the staff and existing customers, she wants a change after 14 years and knowing how hard it is to get a start, she is prepared to back a willing and able buyer.
In almost all scenarios, buying and improving an existing business is better than starting from scratch. The case for taking ownership of Meki is compelling.
To access seller finance, you must develop a business plan and demonstrate a passion for making it work.
You will need also need to provide the landlord documents: explained here: https://www.capitalcommercial.com.au/offers.htm
Capital Commercial Business Sales has reached out to ANZ enterprise banking to provide approved applicants with 50% debt financing on the business purchase if you want to avoid seller finance.
Inspections and enquiries are to be directed to sales@capitalcommercial.com.au.
| Reporting Period | 2021 | Weekly Average | 2020 | Weekly Average | 2019 | Weekly Average |
|---|---|---|---|---|---|---|
| Rent | $36,400.00 | $700.00 | $39,000.00 | $750.00 | $62,400.00 | $1,200.00 |
| PEBITDA | $209,566.00 | $4,030.12 | $157,587.29 | $3,030.52 | $122,608.13 | $2,357.85 |
| Sales | $525,488.97 | $10,105.56 | $445,046.49 | $8,558.59 | $483,804.02 | $9,303.92 |
| Owners Wages | $48,000.00 | $923.08 | $42,000.00 | $807.69 | $39,485.00 | $759.33 |
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
Sale Status : For Sale
Sale Method : Private Treaty
Investment Amount : $80,000
Stock at Value : $16,000.00
Finance Options :
0400 446 605