Growing Barber Shop, Sales/profit up 35%+ - Price Reduced - PAYBACK 1 yr

14 days ago

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Summary

* Great looking new fit out * Owner willing to transition * Ideally positioned (inner city) * Revenue / profit growing 35%+ * loyal customers - high level of repeat business * 3 chairs - 1 basin

Revenue

$226,393 pa

Rent

$37,822 pa

Net Profit

$148,451 pa

Location Details

Inner City
Incredible location, hustle and bustle of the inner city. Good Parking and other businesses surrounding help drive customers. Plenty of businesses and high density living close to the shop.

Potential

Business is ready to explode with Growth - bring in more staff, currently only operates with the Owner and a part time Contractor. Has 3 chairs and room for more - nice shop size. The area is busy, the shop looks great and currently doesn't open Wednesdays or Sundays. Up the road is the extremely busy Hillsong Campus and Church - there are cafes up and down the street. Competition is low. It is your chance to own an inner city barber shop, with character and operates in a great location and catchment area.



Hours

Not open Wednesday or Sunday. Mon /Tues/ Fri 8.30am - 5.30 pm. Thurs 9am - 6pm, Sat 8.30am - 4pm.

Lease

2 x 2 year

Employees

Owner + 1 part time contractor

Reason for Sale

Lifestyle change

About the Business

This barber shop is worth a look!. Plenty of repeat customers due to our fantastic services such as scissor cuts - beard trims - facial grooming (clipper - razor - cutthroat) - shave & hot towel - fade style specialists - partial waxing and sells a range of mens grooming products.
Customers from all walks of life including, young professionals - local workforce - professional people - men and ladies - students / schools / colleges / University students, Hillsong Church Students and Church Attendees, toddlers and senior citizens. Consistent walk ins and many recommendations.
Profitable and currently only operating with Owner and 1 part time casual - plenty of room and 3 chairs in place to start growing this business. The fitout is great, the shop is well appointed and the location is sought after. Parking is avaiable and the catchment area continues to grow. This is a low overhead business.
Doing well and coming out of Covid 19 situation strong. Owner is willing to assist the new Owner for a period if required.



History

The store was opened new 2 years ago

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