Summary
Located in Mentone on busy Balcombe Road, 21k from the CBD Mentone Barber is go-to destination. The business, which was established six years ago, combines traditional techniques with a modern flair.
Location Details
78 Balcombe Road
Located opposite Mentone Station on a modern shopping strip with off-street guest parking this is a highly visible central location for locals and visitors alike.
Lease
3 x 3 with four years remaining
Reason for Sale
Retirement
About the Business
Located in the relaxed bayside suburb of Mentone, 21 kilometres from Melbourne’s CBD and nestled on Balcombe Road, the suburb’s main thoroughfare, Mentone Barber is a highly visible go-to destination for locals and visitors alike.
The barber shop combines traditional techniques with a modern flair. It is open 7 days a week (Tuesdays by appointment only), designed with an eye for convenience in a busy world. While specialising in men’s haircuts (70% of customers are men) the shop offers a variety of options, including children’s haircuts, curly hair expertise, hair colouring and treatments such as balayage and hair extensions. Prices for services range from $30 - $50, making it a one-stop shop for families and individuals seeking more than just a trim.
Stepping into Mentone Barber you’re greeted with a clean, modern space with a nod to traditional barbering décor such as comfortable chairs, imposing mirrors and timber floor and furnishings. With its wide expanse of window space, the shop’s welcoming atmosphere mirrors the friendly service and quality grooming provided for all ages and styles.
The 48 square metre shop benefits from a very reasonable rent of approx. $2,330 (approx.) per month, including GST and outgoings and features two separate staff/storerooms, split system air-conditioning , car parking for customers and first floor car space for owner. All furniture and equipment, consisting of six stylish golden barber chairs and armchair with hair washing basin, reception desk, bookshelves, mirrors and cupboards are included in the price. There are 4 years left on the existing 3x3x3 lease with options to renew.
The business had to close temporarily recently due to a family tragedy but is busy again and locals are enjoying being able to come back to their much-loved barber which was sorely missed. While the shop has been highly profitable for the last three years (financials can be provided) the owner has reached a point of needing to step back from full-time work but will be available for free training and handover and will consider a continuing 2–3-day presence if the new owners are interested.
So, if you would like a cut of the action call or email Alan Maguire from Maguires Real Estate now for more information or to arrange an inspection of the premises.
Price: $120,000 + stock (approx. $2500) including all plant and equipment and a free training and handover period
Contact: Alan Maguire, Principal, Maguires Real Estate
Phone: 0418 377 038
Email: [email protected]
Web: www.maguiresrealestate.com
History
The business, which is 6 years old in this location, is for sale for the first time.
Connect with us