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Korean Hair Salon In Bayan Baru, Penang For Sale

Bayan Baru, Pulau Penang
Asking Price:
$13,000 (USD) Furniture / Fixtures included
Sales Revenue:
$52,000 (USD)
Cash Flow:
$2,500 (USD)

This Hair Salon is a Korean themed hair salon established by a South-Korean native herself. She has been operating the salon for 2 years & is selling the salon now as she will be returning to South-Korea for personal reasons. The salon has a steady stream of customers & the owner will be willing to share pass on the customers' contact details to the new salon operator.The owner is willing to share with prospect tenants on the her salon's monthly sales revenue & cash flow. The existing owner currently operates the salon on a daily basis from 1000 - 2000. The asking price to release the salon is MYR 50,000 & rental is at MYR 3,000/ month.

Property information

Real Estate:

Lease

Lease Terms:

New leasing agreement will be drafted between the landlord & the new business owner.

Leasehold Rent:

$9,000 (USD) per annum

Living Accommodation:

Not available

Location:

Salon is located near a bustling shopping mall i.e. Queensbay Mall, hotels, office area as well as surrounded by several blocks of apartments.The salon is located near the seaside where there's abundant tourists from time to time that visits the area. The salon is also located near the Bayan Lepas industrial area that houses easily 200 local & MNC factories.

Premises Details:

Premise is located on the 1st floor of the SOHO, & conveniently located right next to the elevator, making it easier for the customers to drop by at the salon.

Size in square feet:
1,000
Planning Consent:

Not available

Business Operation

Expansion Potential:

Definitely!

Competition / Market:

There are other salon chains nearby, however each salon has different niche & customers to cater for.

Reasons for selling:

Owner has to return to South Korea to work on her paperwork for moving to Malaysia, she is not able to work during the time when she's in South Korea.

Trading hours:

Daily 10.00am - 8.00pm

Employees:
0
Years established:
2

Other Information

Support & training:

Proper handover will be carried out by the existing owner.

Financing available:

Not applicable.

Relocatable:
This business can be relocated.
Administration / receivership:
This business is in administration / receivership

Contact Information

    1. Your Address

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