Building and business ($1) must be sold at auction.

Business Details

Auction - Unit 84, 'Siena' corner of Kalma Way and Pentland Street, Campbell ACT 2612.
 
Building and business ($1) must be sold at auction.
 
Property Information: 
•84 sqm ground floor unit with the ability to build mezzanine level subject to building approval
•Basement parking with one allocated car spot
•High ceilings and a broad sun-drench northerly aspect
•80% lending ratio to approved purchasers
•Built-in 2020 with plenty of depreciation to claim
•Rates: $4,947 Water and Sewage: $702
•Body Corp:$870 per quarter
 
Business Information: 
•Currently, a successful beauty salon (Alchemy Beauty Lab) - run under management
•Annual turnover 2023 FY: $334,774
•Gross profit 2023 FY: $292,241 (87%)
•Owner’s profit (PEBITDA) 2023 FY: $137,858
•The total value of the fitout and business assets: $148,249.32
•Wages excluding super in the $155,112 assisting those using the business skill migration pathway
•Financial statements prepared by Capital Advisory
 
Auction Conditions: 
•Published reserve $880,000 - (based on independent valuation)
•Business apportioned at $1 (including all assets)
•Settlement on or before 60 days - buyers' right to exclusively determine
•A 5% deposit accepted at auction with 10% at risk
•Buyers are to nominate within seven days of exchange if they want the business at the predetermined value of ($1)
•Active asset sale, so GST doesn't apply
•Stamp duty exempt based on published reserve
•Under instructions, pre-auction offers can't be entertained
•Auction onsite - Sunday 24th March 12:00pm
 
Inspections and contact: Inspections are on Mondays by appointment. Call Frank Walmsley Auction Agent at 0400446605 or contact@auctionadvantage.com.au

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Campbell, Australian Capital Territory
Hair dressing, beauty salons & day spas.
The premises are leased:
 
• Lease commenced: 3 November 2020
• Lease expires: 2 November 2023
• Term of lease: 3 years
• Option periods: 1 x 2 year options from 3 November 2023
• Bank guarantee: 3-month bank guarantee, allow an amount of
$8,250 inclusive of GST
• Base rent: $30,000 plus GST per annum
• Current monthly rent: 3,912.33 plus GST
• Current monthly outgoings: $121 plus GST
• Annual increases: 3% fixed review plus GST. Review date is each
anniversary of the commencement date
• Public liability insurance: $20,000,000
• SQM: Approx. 90 SQM
1 Manager
1 Ex manager (part owner who left the business)
3 Beauty therapists 1 apprentice
Monday CLOSED
Tuesday 10:00am – 6:00pm
Wednesday 10:00am – 6:00pm
Thursday 10:00am – 8:30pm
Friday 10:00pm – 6:00pm
Saturday 10:00am – 6:00pm
Sunday CLOSED
Under Management

Enquire Now

Sales Summary

Sale Status : Under Offer

Sale Method : Private Treaty

Investment Amount : $850,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au