This business is being offered for sale as a going concern for an amount of $480,000 excluding GST. This includes all assets of the business including goodwill, customer database, intellectual property and physical assets.
There are two studios, each in a desirable location operating under a current lease agreement. Each studio has the option to extend for 3 + 3 years.
This business is owned by a Family Trust trading. The trustee with the beneficiaries owns the trademark and the registered business name.
The staff comprises two permanent staff members (managers) and casual employees. Four of the employees have been with the business from its inception in 2018/19.
The gross income has increased rapidly over the years and is projected at between $650,000 to $700,000 for the 2023/24 financial period. Expenses incurred are mainly wages, superannuation and rent.
The equipment in the studios is relatively new and the machines are commercial grade. The assets and materials included in the sale are as-is in the studios with a detailed inventory to be provided of the main assets.
The systems being used are integrated and include Square point-of-sale, Xero accounting, GoDaddy hosted website, Telstra NBN internet and telephone numbers and Ezycall 1300 hosted platform.
