Watch your business bloom at Effloresce Beauty in Dromana
Freehold and/or Business for sale - Price Reduction on Business
Looking to be the master of your own destiny – a business person owning the building where you work or a landlord with a solid freehold investment in a growing and prosperous area? Then this may be the opportunity you have been looking for. This 138 square metre shop located in the popular Boundary Road shopping strip in Dromana and fully fitted out as a beauty salon and/or consultation rooms/offices can be either purchased as a business/freehold, business only or freehold only.
‘Effloresce’ means ‘to blossom and bloom; to be at your optimum’. Formerly known as ‘Shells Beauty Salon’, the business has been operating in the Dromana area for over 20 years and has a total number of 3,489 clients on its database. The business blossomed when the current owners took over the newly constructed premises in Boundary Road, Dromana in 2014 and it was named Effloresce Beauty.
Effloresce Beauty predominantly services the Mornington Peninsula with clients coming from Dromana, Mornington, Mount Martha, Safety Beach, McCrae, Rosebud, Rye and the nearby affluent towns of Red Hill and Flinders. It also attracts regular clients visiting from the city on weekends and during the holiday periods. It is an all year round business that gets an added boost in summer. Dromana itself is an increasingly attractive and economically growing satellite suburb due to the development of transport infrastructure such as Peninsula Link and Eastlink.
The vendors, who are owner-occupiers, have lovingly created a stylish salon consisting of reception area, 6 treatment rooms, separate make-up and hairstyling stations, nail area, storeroom, spray tan room, kitchen/staffroom plus large bathroom (with disabled access) and office. Internal walls are non-structural, allowing any new owner to adapt the room sizes and position to suit their own needs. The rooms are equally suitable for beauty or as consultation rooms for natural therapy and massage practitioners. They could also be used as professional offices for solicitors, accountants or medical practitioners (STCA).
Situated in the attractive Boundary Road environs, opposite a popular bike track and bushland and flanked by successful and innovative hospitality businesses and retailers this boutique shopping area is steadily growing in popularity.
Salon hours are currently Tuesday (9am – 5pm), Wednesday (9amm – 8pm), Thursday (9am – 9pm) Friday (9am – 8pm) and Saturday (9am – 2pm).
The business can be purchased on its own, in which case the owners will work out attractive lease terms with the new business owner at around $2,800 - $3,000 p.c.m. with a 3 x 3 x 3 lease term (negotiable) and sub-leasing options available. The building can be also be purchased separate to the business and in this case the current business owners are prepared to enter into a lease with the property owners. A final alternative is to purchase the 138 square (approx.) freehold building and business together and enjoy all the advantages of becoming your own landlord.
If you think this is the place for you then don’t hesitate to contact Alan Maguire today for more information and a chance to inspect the premises and meet the owner.
Price of Freehold: $670,000 (GST exclusive)
Price of Business: Was $100,000 now $79,000 + SAV (negotiable)
For enquiries and an inspection, with an opportunity to speak to the owners, please contact Alan Maguire, Maguires Real Estate, Mornington (0418 377 038).