5 Reasons Why Buying an Established Beauty Salon Spells Success
5 Reasons Why Buying an Established Beauty Salon Spells Success
In the bustling world of beauty and health, the Australian landscape is witnessing a surge in both young and old, eyeing a piece of the beauty salon industry pie. According to the Market Insights, there are 2,009 current listings on Bsale and 92 new opportunities in the last 7 days, showing that the beauty sector is a hotbed for investment. As the numbers suggest, the average price of each business stands at $347,482, making it an attractive proposition for those looking to enter the market.
For those with a keen eye on business success, the idea of buying an already established beauty salon comes with a multitude of advantages, which outweigh the thought of starting from scratch. Here are five compelling reasons why purchasing an existing salon might just be the key to unlocking your future success:
Proven Track Record and Clientele
An established beauty salon comes with a built-in advantage – a proven track record. With a loyal clientele already in place, new owners can hit the ground running, saving valuable time that would otherwise be spent on marketing and building a customer base. This jumpstart not only ensures immediate revenue but also minimizes the risk associated with a fledgling business.
Turnkey Operations
The hassle of setting up a new salon from the ground up can be overwhelming. Buying an established business offers a turnkey solution, with existing infrastructure, marketing, equipment, and trained staff in place. This streamlined transition allows owners to focus on growth strategies and enhancing the existing framework rather than dealing with the complexities of startup logistics.
Financial Stability
Unlike startups that often face financial instability in their early years, an established salon has a track record of financial performance. Prospective buyers can assess the financial records, assess profitability, and make informed decisions. This transparency provides a solid foundation for financial planning and future business development. Always do your due diligence when buying a business!
Established Supplier Relationships
Building relationships with suppliers is a crucial aspect of running a successful beauty salon. Buying an existing business means inheriting established supplier relationships, ensuring a seamless flow of products and services. This not only guarantees a reliable supply chain but can also lead to favorable terms and discounts due to the business's pre-existing standing in the industry.
Immediate Brand Recognition
In a competitive market, brand recognition is invaluable. An established salon already has a presence in the local community, saving owners the time and effort required to build a brand from scratch. This recognition translates into trust among clients, a crucial factor in the beauty and health industry where customer loyalty is paramount.
As the statistics reveal a thriving market with hundreds of beauty salons for sale, the decision to buy an established beauty salon emerges as a strategic move. With financial stability, immediate brand recognition, and a proven track record, the journey to success in the Australian beauty and health industry can be more rewarding with buying an existing salon.
Beauty Salons For Sale In Australia Right Now
Central Coast, NSW
A well-established beauty salon, located in an upmarket tourist area on the NSW Central Coast, is for sale. With a decade of successful operation under the same owner, the salon boasts a prime location on a main road with high foot traffic, ample parking, and a comprehensive online presence, including a website, CRM, and active social media accounts. The salon offers a diverse range of beauty treatments, comes fully equipped with state-of-the-art devices and tools, and presents a growth opportunity for new management due to the current owner's sale for family reasons.
Brisbane, QLD
Embark on a unique opportunity to lead Brisbane's premier day spa, a flourishing wellness business with a rich history since 2012. Renowned as the city's best-reviewed spa, boasting over 205 glowing Google reviews, this ready-to-run business comes with a loyal client base, a highly skilled team, and a strategic location just 8.5km south of the Brisbane River. Despite pandemic challenges, the spa exhibits consistent financial growth, offering a comprehensive sale package at $99,750, inclusive of all equipment, assets, tools, and stock. With lease negotiations underway for a favorable 3 x 3-year term, this day spa presents a turnkey opportunity for new owners to step into a legacy of health, beauty, and relaxation in Brisbane's thriving wellness market.
Geelong, VIC
Ren Skin and Body, a thriving beauty salon in Geelong, offers a lucrative investment opportunity with an owner earning just under six figures while working only 16 hours per week. With a dedicated team providing top-tier beauty services in a high-profile location, this business, known for its commitment to customer satisfaction, presents an ideal venture for a passionate beauty therapist seeking a flexible business with growth potential.
Riverland Region, SA
With over 16 years of luxury and client satisfaction, this established salon, boasting a loyal client base of 9,935 patrons, is now on the market. Situated on a main road with affordable rent, the large, modern space with eight treatment rooms offers savvy investors a turnkey opportunity for future growth and profitability, presenting an ideal venture in the thriving world of beauty and relaxation.
Perth, WA
A rare opportunity awaits to acquire a well-established business known for its comprehensive range of skin and beauty treatments, built on a strong public reputation over the years. With a growing and loyal customer base, highly qualified team, and top-notch equipment, including IPL and Microdermabrasion, this business, offered at a compelling price, provides a turnkey solution for prospective buyers to seamlessly step into a stunning space with three cubicles, shower facilities, and the potential for immediate trading success.
Melbourne, VIC
This five-star salon, located in a new building designed with heritage charm, offers top-quality treatments and products tailored to individual needs. With large, immaculately fit-out premises, four fully fitted rooms, and an ideal location in the commercial center with substantial foot traffic, this owner-operated beauty business presents a turnkey opportunity for growth, with potential for subletting rooms or hiring staff to expand services such as injectables.
Canberra, ACT
This thriving South Canberra Hair & Beauty Salon, established for over 25 years and under the current ownership for a decade, is up for sale. With a spacious and beautifully equipped salon featuring 12 stations, 4 basins, 2 beauty rooms, and various amenities, this turnkey operation generates a turnover of over $780,000, making it an ideal opportunity for an owner-operator to step in and benefit from the established large regular clientele and impressive weekly sales exceeding $17,000.
Townsville, QLD
Enter the world of beauty with this award-winning Townsville salon, a renowned boutique destination for high-quality nail and beauty services. Boasting a prime location on a bustling main road, the salon's chic 168m2 space, complete with custom pedicure area, beauty rooms, and spray tan room, has earned multiple awards and maintains a strong online presence with 9,000+ social media followers. With an owner working part-time and a well-trained team, this well-established salon offers a seamless transition for a new owner, supported by comprehensive procedures and policies manuals, a professional website, and affordable rent.
Perth, WA
This award-winning beauty and wellness business, established since 1994, with a stellar reputation and a turnover exceeding $2.5M per annum, is now available for acquisition. With two prime locations, luxurious fit-outs, a robust online presence, and a well-established client base, this independent market-leading brand presents a rare opportunity for new ownership to further enhance its success and profitability.
Tags: listicle buying small business 2023
About the author
Catherine Mangana
Customer Support
Catherine enjoys generating articles that highlight some of the opportunities that are now available for purchase on Bsale. She hails from a family of ...
