Hair Salon - Hairdresser - Hair Salon - Hairdresser - Stunning High Profit Cbd Salon

Business For Sale Sydney, New South Wales 2000

Business Category Hair Salon

$229,000

Description

Hair Salon - Hairdresser - Hair Salon - Hairdresser - Stunning High Profit Cbd Salon

Hair Salon - Hairdresser - Sydney CBD - Agent SBX Code Number: SFG1060

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.

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.

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.

Premises
Stunning rustic homely shop fit creates perfect casual hair care oasis with quality materials and design totalling 100 sq. mts.

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

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
Sydneys 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 its 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.

Agent SBX Code Number: SFG1060 - Sydney Business Exchange
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SBX Business Brokers

Bsale ID: 544129
Broker REF: SFG1060

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