Summary
Busy 2 chair barber shop in Torquay. Excellent location. Great reputation. Guaranteed income from current sublease. 4 years of exceptional service, building a large and loyal client base.
Revenue
$10,000 pm
Rent
$1,200 pm
Expenses
$800 pm
Net Profit
$8,000 pm
Location Details
Shop 3 38-40 Bell St, Torquay, 3228.
Corner shop with excellent street front exposure. Across the road from the Torquay hotel and the Torquay foreshore caravan park.
Potential
Currently only one of the barber chairs is in full use 5 days per week. The other chair has a junior barber who works between one and two days a week. Potential to almost double the income if both chair were used full time. Growing small town near Bells beach with the opportunity to increase the client base. The backroom is currently subleased out and used as a takeaway coffee shop during the day and a takeaway hotdog shop in the evenings. There may be a possibility to buy out these contracts.
Skills
This woiuld be ideal for a fully trained barber.
Hours
Tues: 11am - 7pm
Wed: 9am - 5pm
Thurs: 9am - 7pm
Fri: 10am - 7pm
Sat: 9am - 4pm
Lease
1 year reccuring. Other shops in the complex have 7-8 years left on long term leases.
Employees
1 part time junior barber 8 - 17 hours/week
Reason for Sale
I started this business 4 years ago and it has been incredibly successful so far.
However, the town has grown at such a rate that it is no longer the small lazy surf town I moved to. I would like to leave town and find somewhere smaller that suits my needs.
About the Business
This is a small barber shop roughly 14 m square.
2 barber chairs and 2 waiting chairs.
We sell both Modern Pirate and Ruezel products.
We provide and traditional barbering experience in a contemporary setting. We do all styles of hair from skin fades to long hair trims, and restyles. Along with beard grooming and hot shaves. The shop has the reputation of being the best in town.
It's close to the Torquay main beach.
Across the road from the Torquay Hotel and the Torquay foreshore caravan park.
Highly visible from the street (the barber pole can be seen from the beer garden at the hotel).
The clients are a mix of the old school of Torquay, and the new generation of locals that have moved down to the town in the last few years.
Both barbers are fully booked year round and there are more people looking for a haircut/shave
History
The business was opened in June 2021 during the covd pandemic and has steadily gone from strength to strength.
We offer the best product in Torquay with a good google rating at competitive prices that were raised to $50 a cut last year.
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