Summary
The salon has a great trading history for over 30 years with huge profits the owners have enjoyed a lifetime of consistent trade and staff. Owner works just 3 days per week. Run by staff on other days
Revenue
$17,300 pw
Net Profit
$5,576 pw
Reason for Sale
Owner retiring
About the Business
This beautiful salon in the heart of Randwick is for sale for the first time in over 30+ years.
The salon has a great trading history for over 30 years with huge profits the owners have enjoyed a lifetime of consistent trade and staff. Staff are long standing with some being there for over 15 years that run the salon day to day. Owner works just 3 days per week and would like to continue working for the new owners 2 days per week until retirement next year.
Key points
Rent $109k per annum
Turnover $900,000 p/a
Profit $290k +
Staff are in place and fully trained to handle day to day running of salon.
7-year lease with no fit out required for 7 years
No Sunday trade
Full team of staff in place
New fit out requirements completed
Full support from current owners to hand over clients and procedures to ensure a smooth take over.
Price $270k plus stock.
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