About the Business

For Sale: Established Chain of 2 Barber Shops in Inner East Melbourne

A well-established chain of two barber shops, located in the vibrant Inner East Melbourne area, just 8 kilometers from the CBD. With a strong independent brand and a track record of success, this business offers tremendous potential for growth and development.

Key Features:

Prime Locations: Both barber shops are strategically situated on popular main streets, ensuring high visibility and foot traffic. The surrounding neighborhoods boast a diverse customer base and a thriving local community.
Trendy Fitouts: The shops feature modern and stylish fitouts, creating a welcoming atmosphere that appeals to a wide range of clientele. The contemporary design aligns perfectly with the preferences of the target market.
Fully Managed: The current operation is fully managed, allowing for a seamless transition of ownership. This presents an excellent opportunity for investors seeking a business with established systems and trained staff in place.
Skilled Team: Each shop is staffed by an approximately 4-member team of experienced and talented barbers. Their expertise and commitment to delivering exceptional service contribute to the business's strong reputation and loyal customer base.
Efficient Systems: The business is fully computerized, streamlining operations and providing valuable data for analysis and decision-making. This ensures efficient management and allows for accurate tracking of sales, inventory, and customer preferences.
Lucrative Financials: The current sales revenue averages approximately $15,000 per week, with manageable rental costs of around $2,000 per week. Under management, the business generates a healthy profit of approximately $100,000 per annum, offering attractive returns to the new owner.
Growth Potential: The existing brand has enormous potential for expansion and development. With a solid customer base, a strong brand identity, and the opportunity to introduce additional services or extend operating hours, the business can capture a larger market share and further increase profitability.
The asking price for this exceptional business opportunity is $195,000, plus stock. This represents an excellent value proposition considering the established brand, prime locations, trained staff, and potential for growth.

Contact the exclusive broker:

John Kasapi
Business Broker - Salon specialist
Benchmark Business Sales and Valuations
M: 0422 930 549 T: 1300 366 521 E: johnk@benchmarkbusiness.com.au

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