Managed Hair Salon, Near Glenside, Eastern Suburbs, Adelaide (nk.)

Lovely fully managed Salon in a desirable location in the Eastern Suburbs, with cheap rent!

This is a no brainer! Profitable, cheap rent and in a desirable strip shop location!

This managed salon which is set in a strip shop in an eastern suburb location, 5km for Adelaide CBD, is making a cool $88,920 Profit per year.

Modern salon in a great location with cheap rent of only $17,730 + GST + Outgoings per year! Long lease too!

Currently run by 1 x full time manager/stylist, 1 x p/t senior (currently 3 days a week but adding an extra day on 1st Feb 2023) + 1 f/t apprentice. The owner does work in the salon 3-4 days a week but has replaced themselves with the part-time Stylist to take over her clients.

Larger that usual back room at the rear of the salon (approx. 1/3 of the size of the whole salon) which could be made into a beauty room, then rented out.

Alternatively, the back area could be made into the basin room, thus creating more stations in the main floor area.

Currently with 5 stations & 2 basins with the potential to add 2-4 more if you wish!

Lease has a further right of renewal also

Sales are on average $6,087.27 p.w

Profit of $2,207.40 p.w ( for 2021).

Only open 5 days a week so can increase hours.

Price $110,000 + stock

Email XXXXXXXXXX inspect this salon today!

Alternatively call XXXXXXXXXX to discuss with Nikki Katz