A fantastic opportunity to move into one of Melbourne's most sought-after locations, rarely seen on the market! Just over 130msq space, freshly renovated and including rear car spot!
The salon has been established for over a decade and the owner is selling after many years of good fortune to retire from the industry! This is a perfect investment for a first-time owner operator, an investor looking for expansion locations, a Dual service operator (entire upstairs floor included in the lease) as well as small salon schools.
The salon has 3 washbasins, 7 stations, separate internal toilet and wash area, colour room and kitchenette, front desk and waiting area plus upstairs 2 partitioned rooms, office and bathroom- all rooms have plumbing access and are currently set up for immediate beauty service start!
Average takings are $8,000 per week with the support of 1 Full timer plus 2 salon assistants, the owner works within the business Full Time and there is huge room for growth within the current configuration.
Very reasonable rent for the area of only just over $40,000 per annum (plus GST & outgoings) with 2 years PLUS another 3 years left on the lease- a total of 6 years and room to extend!
The salon is situated in the best spot of Balaclava, surrounded by long-term parking spots, street parking, stone's throw from the train station and tram stops. Plenty of road and foot traffic exposure due to main road frontage and excellent potential to promote services to passers-by.
The salon has been freshly renovated with a sleek colour scheme that is sure to please all potential buyers, very easy to move straight in, and will suit most visions or work within buyers taste.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.