Summary
Fully managed Men's Salon with Barbering & Men’s beauty services. All the hard work has been done, and the business has a great brand presence. Two fantastic locations in Melbourne CBD and inner city.
Revenue
$15,000 pw
Rent
$2,665 pw
Expenses
$9,643 pw
Net Profit
$2,692 pw
Location Details
Local Shopping Strips. High Foot Traffic. Parking Available.
Potential
Rent a Barber Chair, Rent a Beauty Room, Lasers, Injectables can all increase future profitability, as there is some unused capacity
Skills
Store Operations, Social Media Marketing and Commercial Sense.
Hours
Store 1 CBD: 9-6 Mon-Fri , 9-4 Sat
Store 2 Inner City: 10-6 Mon-Fri, 9-5 Sat
Lease
Store 1 CBD:
Lease: Current 7 years (3 years to go) + 7 year renewal option.
Store 2 Inner City:
Employees
Store 1 CBD: 2 Permanent Beauty Therapist (35 hours, 32 hours) + 4-5 Barbers (Mix of Casual & Contractors)
Store 2 Inner City:
Reason for Sale
Moving Overseas
About the Business
Summary
Key points.
Store size 1 : 184 squares. Prime city location.
Rooms: 4 Beauty rooms (1 mani pedi, 2 waxing, 1 facial) + 1 Staff room + 1 Laundry + 1 Toilet. 1 room with shower facility
Chairs: 10 Barber chairs. 2 Wash chairs. 1 colour station + Wash sink
Equipment’s: Large Reception with touch screen PC. Wall mounted TV, Bar Fridge + Drinks Fridge, Washer and Dryer, Expresso professional coffee machine, Hot Towel cabinets x 4
Seating & Display: Multiple Large seating / lounge area for customers. Extensive product display wall. 12-15 customers seating / waiting capacity
Rent: $7500 per month (incl. GST & all outgoings. No Water bill).
Lease: Current 7 years (3 years to go) + 7 year renewal option.
Staff: 2 Permanent Beauty Therapist (35 hours, 32 hours) + 4-5 Barbers (Mix of Casual & Contractors)
Wages: $4500 per week: $8-9K per week and growing,
Store size 2 : 90 squares. Prime inner city location
Rooms: 1 Staff room with laundry & fridge. Reception and product display
Chairs: 6 Barber chairs. 2 Wash basins. 1 Wash chair. 1 colour station
Equipment’s: Touch screen PC + Wall mounted TV, Bar Fridge & Washing machine, Hot towel cabinets x 2
Seating: 10 customers seating / waiting capacity
Rent: $5400 per month (incl. GST & all outgoings). CPI 3%
Lease: Current 3 year lease. 1 year to go. + 3 + 3
Staff: 1 FT Barber + 4-5 other Barbers (Mix of Casual & Contractors)
Revenue: $8-9K per week (incl. GST). varies as walk-in model
Net profit for both sites approx. $140k -$145k per annum
FOR SALE: $265,000.00 + Stock
History
Strong Brand operating since 2008.
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