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    [Unique in the Market] Stylish Beauty Salon

    • Asking Price
      HK$1.8M
    • Code
      SBEAHKI003
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    • Business Information
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    Description

    The cosmetics and beauty industry is highly completive in HK, with majority of their clients being locals. The pricing can vary a lot for the same treatment, in order to maintain a loyal customer base, one needs to provide consistent and high-quality service. This beauty salon has positioned itself to target the foreigners, which is the less commons strategy in HK. As a result, they also hire foreign beauticians to help reduce the language barrier.

     

    Competitive Advantage:

    • Located on a private housing estate, highly accessible
    • 1200 active regulars
    • We provide a wide range of body care services including facial, manicure and massage.
    • Specialize in serving high-spending customers
    • Shop décor is elegant and stylish consisting of five spacious private beauty rooms
    • Well established luxury brand
    • Target customer base is foreigners

    Development Potential:

    • Over 2000 customers with a mature and sustainable business model
    • The beauty industry is still growing, consumers are more willing to spend on such services on a regular basis

    Potential Risks:

    • Very saturated market, constant investment in new technology is required to stay competitive

    Things to Note:

    • Current owner is responsible for development and planning, the new management team must have experience in the beauty industry
    • Rental and utility deposits not included in asking price
    Business Information
    • Code
      SBEAHKI003
    • Asking Price
      1.8M
    • Avg Annual Turnover
      2.4M
    • Avg Annual Profit
      0.72M
    • Payback Period
      2.5 Yrs
    Rent
    • Shop Area
      1,100 sqft
    • Rent
      HK$55,000
    Equipment & License

    POS System
    CCTV
    WIFI

    Categories
    • Service
    Sub Category
    • Beauty
    Region
    • Hong Kong Island

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