Hairdresser - Hair Salon - Retail

Business Code: SF1519G


Key Features: Well known

State: NSW

Suburb: Paddington, 2021

Location: Village atmosphere precinct surrounded by residential, high end fashion, restaurants and cafes in an absolute prime Eastern Suburbs location

Description

Hairdressing salon providing ladies and men's hair styling - colouring - foils - shampoos - highlighting - treatments - conditioning and reconstructing. - The business has 10 cutting stations and 4 wash basins. - A fully operational reception area. -This business is very consistent

Summary

  • Features: Prime location - Good size salon - Very well known locally and within the industry - Excellent clientele - Long term staff members - Bustling with foot traffic - Very good Instagram and social media following

  • Potential: Could rent out chairs and increase staff levels - Continue to grow the name and reputation of the salon - Open more hours and days to increase sales - Suit a couple or owner operator as well as an investor - . Can easily be run under management.

  • Premises: Boutique hair salon with a visual shop frontage and shared renovated courtyard, a storage room, a washroom with toilet and a kitchenette which includes a colour mixing room and has an area of 75m2

  • Trading Hours: 5.5 days - Tues. & Fri. - 10 a.m. to 6 p.m. - Wed. & Thurs. - 10 a.m. to 8 p.m. - Sat. - 9 a.m. to 5.00 p.m. Closed Sun. and Mon.

  • Lease: Current lease expires 30/6/2023 + 3 year option - C.P.I. Increases - 3 month bond.

  • Employees: 2 owners ( working 15 - 20 hours each) + 1 Senior / Manager - 2 full time seniors + 2 full time apprentices

  • Comments: Misc.- 1 - Other general expenses and GST - Misc.- 2 - Shortcuts business management software in place - Currently run under management as owner has moved too far away - New renovation/ fit out in July, 2018 which cost approx $20,000 - this is a very well presented salon with chic surroundings and fashion focused. -

Weekly Summary

Weekly Takings
(inc GST)

$12,100

Cost of Goods

$1,750

Gross Profit

$10,350

Rent

$1,670

Wages

$4,650

Outgoings

$52

Telephone

$30

Insurance

$120

Electricity

$85

Misc1

$610

Misc2

$105

Total Expenses

$7,322

Estimated Stock (Additional)

$35,000

Net Profit

$3,028

Price

$108,000

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