Visit this listing at https://www.sbx.com.au/business?id=SFG1060

Business Code: SFG1060

Key Features: Hair Salon - Hairdresser - Stunning High Profit CBD Salon

State: NSW

Suburb: Sydney, 2000

Location: Perfect CBD location with equal split between city residents and city workers as clientele on street strip in Sydney CBD

Description

Hair Salon - Hairdresser - Stunning presentation with high profits.- Unrivaled opportunity to purchase a Sydney CBD salon with unique demograhic of city worker clientele and up market residential inner city apartment dwellers providing loyalty and income protection. -This CBD salon features low rent and high staff retention where the staff are performing over 80% of services. - Average spend is $160 per client with a high proportion of chemical services. - Highly profitable business and first time offered. - Salon features 10 cutting stations and 4 wash basins. - A Wella professional salon performing all chemical services as well as hair extensions and keratin smoothing.

Summary

  • Features: Superb reputation - . 5 stars on reviews. -Large proportion of clientele are city residents. - No direct competitor in its location - High average spend and premium pricing for services. - Excellent social media presence. - Loyal staff with high skill level. -High end fit out.
  • Potential: Reduce rent by leasing rear beauty room. -Further utilise social media marketing.- Salon can accommodate further expansion due to comfortable and functional design featuring 10 work stations as a number of stations are under utilised.
  • Premises: Stunning rustic homely shop fit creates perfect casual hair care oasis with quality materials and design totalling 100 sq. mts.
  • Trading Hours: 5 days - Tues. - 11 a.m. - 5.30 p.m. - Wed. - 10 a.m. - 8 p.m. - Thurs. - Fri. - 9 a.m. - 7 p.m. - Sat. - 9 a.m. - 5 p.m.
  • Lease: Current lease expires March, 2024. - No annual increases. -Owner has excellent relationship with landlord and can assist with transition. - 3 month bank guarantee.
  • Employees: 1 full time owner + 3 full time senior styists
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$11,000

Cost of Goods

$500

Gross Profit

$10,500

Rent

$1,395

Wages

$4,000

Telephone

$40

Insurance

$85

Electricity

$85

Misc1

$700

Misc2

$180

Total Expenses

$6,485

Estimated Stock (Additional)

$5,000

Net Profit

$4,015

Price

$195,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hair Salon - Hairdresser

Business Code: SFG1060
Price: $195,000
+ Estimated SAV $5,000

Key Features: Hair Salon - Hairdresser - Stunning High Profit CBD Salon

State: NSW

Suburb: Sydney, 2000

Location: Perfect CBD location with equal split between city residents and city workers as clientele on street strip in Sydney CBD

Description

Hair Salon - Hairdresser - Stunning presentation with high profits.- Unrivaled opportunity to purchase a Sydney CBD salon with unique demograhic of city worker clientele and up market residential inner city apartment dwellers providing loyalty and income protection. -This CBD salon features low rent and high staff retention where the staff are performing over 80% of services. - Average spend is $160 per client with a high proportion of chemical services. - Highly profitable business and first time offered. - Salon features 10 cutting stations and 4 wash basins. - A Wella professional salon performing all chemical services as well as hair extensions and keratin smoothing.

Summary

  • Features: Superb reputation - . 5 stars on reviews. -Large proportion of clientele are city residents. - No direct competitor in its location - High average spend and premium pricing for services. - Excellent social media presence. - Loyal staff with high skill level. -High end fit out.
  • Potential: Reduce rent by leasing rear beauty room. -Further utilise social media marketing.- Salon can accommodate further expansion due to comfortable and functional design featuring 10 work stations as a number of stations are under utilised.
  • Premises: Stunning rustic homely shop fit creates perfect casual hair care oasis with quality materials and design totalling 100 sq. mts.
  • Trading Hours: 5 days - Tues. - 11 a.m. - 5.30 p.m. - Wed. - 10 a.m. - 8 p.m. - Thurs. - Fri. - 9 a.m. - 7 p.m. - Sat. - 9 a.m. - 5 p.m.
  • Lease: Current lease expires March, 2024. - No annual increases. -Owner has excellent relationship with landlord and can assist with transition. - 3 month bank guarantee.
  • Employees: 1 full time owner + 3 full time senior styists
  • Sale Reason: Family reasons
  • Comments: Sydney's best salon opportunity. - Annual turnover of around $550,000 p.a. with a low rent structure and high spending demographic means this is a profit based proposition. - A genuine reason for sale as the owner must move for significant family reasons. - $250,000 shop fit replacement cost is in near perfect condition.- Owners pre tax
    profit is around $4000 p.w. for working owner with employees responsible for around 80% to 85% of turnover.- As is fitting for a high end salon the business has the approppriate licence for serving alcohol to it's clientele.- As an added bonus a rear beauty room can be subleased to further reduce rent and there is also a tanning room. -
    A perfectly legitimate opportunity - Suitable for working owner or savvy investor. - Misc.- 1 - is allowance for GST and miscell. expenses. - Misc.- 2- is weekly fee for software by "Simple Salon" and workers compensation insurance.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$11,000

Cost of Goods

$500

Gross Profit

$10,500

Rent (ex GST)

$1,395

Wages

$4,000

Telephone

$40

Insurance

$85

Electricity

$85

Misc1

$700

Misc2

$180

Total Expenses

$6,485

Estimated Stock (Additional)

$5,000

Net Profit

$4,015

Price

$195,000
+ Estimated SAV $5,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.