Summary
Well Established Boutique Hair Salon, Sophisticated Space within a Character Filled Building in one of Sydney’s most Sought-After Villages, with an Abundance of Pedestrian Traffic
Revenue
$361,000 pa
Rent
$42,000 pa
Expenses
$227,000 pa
Net Profit
$91,000 pa
Location Details
71 Union Street
A stunning corner salon in a little row of shops opposite SHORE school. A stone’s throw from North Sydney CBD (and 7 minute walk from the train station), the area is widely considered to be Sydney’s second most important area behind the CBD.
Potential
For those with an eye to the future, North Sydney is set for a major building and infrastructure upgrade, meaning the possibilities for client growth and increased revenue are endless.
As the new owner, you will have the ability to add an additional revenue stream to your business by utilising the downstairs space; a 20sqm multi-purpose space beneath the salon. This area offers you the ability to bring in an additional $300pw in rental revenue (guaranteeing you extra income without having to lift a finger.)
Hours
The salon is open Tuesday to Saturday and closed Sunday/Monday.
Lease
The current lease arrangement is a 5 year lease with a 5 year option. New lease can be negotiated by buyer.
Employees
The salon has 3 talented, fully qualified staff, 2 are full-time and 1 part time. The owner does not work in salon but manages the business from afar.
Reason for Sale
The owner is planning to move out of Sydney after starting a family and is seeking a smooth, easy and clean sale with the buyer. She is also currently starting a new business which is in consulting and wishes to pursue this.
About the Business
About Sessions Hairdressing
The name Sessions Hairdressing is now synonymous with up-market hairdressing within Sydney’s Lower North Shore. For over 30 years, Sessions has garnered the loyalty of locals and the broader population of the lower north shore district and has earned a solid reputation as a local leader in the hair industry.
Sessions are leaders in sustainability in the hair industry, this is highlighted by being the first salon in Australasia and the fifth in the world to become a Certified BCorporation. This prestigious international certification puts them at the forefront of the global sustainability movement and highlights their commitment to being a force for good.
The studio had been immaculately decorated and styled to perfection to offer clients a charming balance of sophisticated style and welcoming comfort. The newly decorated space has been carefully designed to not only pay homage to the building’s ‘art deco’ period but to also harness the abundant natural light that spills through the over-sized windows.
The space which spans 2 floors is highly functional, allowing its staff to operate with professional efficiency and ease as they go about their work. The studio has been meticulously laid out to offer both staff and patrons the ability to move freely amongst the 165 square meter space, adding to the sense of comfort.
The salon inhabits a superb, light-filled corner space of a quaint character filled building just across the road from SHORE School. There is a never-ending flow of pedestrian traffic past the studio, typified by the salon’s incredible client-growth-average of 5 new clients per week.
If you are excited about the prospect of owning your own slice of the industry, using a strong business name as a conduit to make your mark, then Sessions is the right move for you. This is a particularly great opportunity for an owner/operator looking for work/life balance by taking over a thriving business in one of the most vibrant and affluent areas of Sydney.
The business is well established and while the allure of a strong client-base and gorgeous space is clear to see, one of the most enticing aspects to the Sessions Salon business are its intangibles.
Come in and meet the team over a coffee and soak in some of the charm. You, like its clients, will be hooked.
History
Sessions Hairdressing has been established for over 35 years in McMahons Point. It has an extremely loyal and regular following which is demonstarted by our consistent 75% average rebooking rate, one of the highest in the indusrty.
Sessions was featured in VOGUE magazine in the 90s and has a rich history of being a creative hub for clients and staff alike.
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