Summary
Established barber shop operating since 2010. The business is part of the local community with a strong loyal customer base, that is constantly booked out in advance.
Revenue
$138,702 pa
Rent
$26,076 pa
Expenses
$42,326 pa
Net Profit
$70,300 pa
Location Details
Based on the Northern Beaches suburb, Curl Curl. It is within a popular strip shopping center and only a 10 minute walk to the beach. Located nearby is two large public schools that provide plenty of customers
Potential
There is huge potential to grow business and increase profits as the shop currently only operates at 44 hours a week, with the owner only working 30hrs per week. The business also has a part time barber that only works 14 hours per week.
With two chairs and room for a 4 or 5, the business could easily double the turnover in a very short period of time.
The business only relies on word of mouth.. Social media could see bookings increase, especially if taqrgeting the local community.
Increasing opening hours will allow increase in sales.
Skills
Must have experience in cutting mens hair.
Hours
The business is only operating 44 hours per week
Lease
currently until Nov 2024 with a 5 year option
Employees
Owner - 30 hours per week
1 Part time barber - 14 hours a week
Reason for Sale
Moving out of Sydney
About the Business
The barber shop is located within a small but busy shopping strip in a popular beaches suburb. Now in operation for 13 years, the owner and the busines have built up a large and loyal datbase of clients. 90% of all business is through forward appointments.
Square appointment system all ready to go with entire customer database (emails/phone numbers). Square point of sale all setup and ready to go.
Amazing quality shop fit out with great style (always gets comments on the space) estimated at $30k.
The owner willing to continue working for at least 3 months if wanted, part time/full time, with the aim of introducing customers to new owner with best intentions for a successful handover.
History
Established barber shop in 2010.
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