Summary
Located on the Northern Beaches for the past 24 years, the Hair Salon has a very strong reputation in the area, servicing clients with creative and professional cuts and styling.
Revenue
$379,171 pa
Rent
$63,606 pa
Expenses
$112,130 pa
Net Profit
$203,435 pa
Location Details
Northern Beaches
Located within a very busy shopping strip.
Potential
This is an ideal way to buy into an existing business that will generate a solid income but has the ability for you to increase the bottom line in numerous ways.
1) Extended the trading hours and days.
2) Secondly, referrals from existing clients but also by marketing the business more extensively on social media
3) Thirdly, the new owner / owners could me more active in the business
This is also a perfect business for an existing Hairdresser business to take on. With its proven loyal client base and exiting staff.
Skills
Previous Experience in the Industry is a must with the skill set to carry on the current services offered to the customer base
Hours
5 days a week
Lease
There is no current lease but the landlord has stated they are willing to offer a new lease time that the buyer requires
Employees
Part time Senior Stylist
2nd Year Apprentice
1st Year Apoprentice
Junior assistant
Reason for Sale
The owner has health issues and looking to move to the UK to be closeer to family
About the Business
The current owner established the Salon 24 years ago and has enjoyed a solid history of thriving success. The salon has very modern fit-out in keeping with the theme of being at the forefront of the industry.
Located in a very busy and popular shopping strip on the Northern Beaches, the hair salon is very well situated to service the higher end of the socio-economic clientele that live in the local area. The business was established to “Bring Paddington hair stylists” to the Northern Beaches. They have a very loyal customer base that generates a high level of repeat business.
Clients return time and again in the knowledge that cutting-edge techniques, technologies, products and materials are consistently on offer at Studio. The owner prides himself on staff development and training ensuring the Salon provides the most up to date techniques in Hair styling.
With a modern fit-out of the salon has 9 cutting chairs, 3 hair washing stations with massage features, Reception Desk, 2 hooded wall mounted hair dryers to name some of the set out.
This is an ideal business to expand your existing business, buy into a successful business with a solid income looking to take advantage of the previous owner’s solid foundations.
Key Points
• Primarily services clients based locally on the Northern beaches
• Customers come from across the Sydney area
• Prime location
• High socio-economic suburbs within a 10kms
• Ideal business for life Partners to buy
• Only open 5 days with the ability to open 7 days
• Loyal Customer base
• Strong Brand awareness in the local area
• Owner willing to stay on for a negotiated period to help with transition
The current owner has built a very solid business. The company is ready to be taken into the next chapter and has huge potential for growth.
History
The owner realised an opportunity to take the "Paddington" experience to the Northern Beaches. Established for over 24 years.
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