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Summary
On offer is a highly profitable franchise barber with two thriving locations in Geelong.
About the Business
On offer is a highly profitable franchise barber with two thriving locations in Geelong. This would be a fantastic opportunity for a barber looking to go out on their own with the operational and marketing support of the franchisor. The financial statements show a high return on investment and short payback period.
Net Profit under management, after franchise fees:
FY24 (10 months to April 2024): $165,851
FY23: $274,694
FY22: $221,715
The franchisor is looking for a motivated owner operator to increase the profit above and take the business to the next level. Revenue is currently $19,500 + GST per week with huge potential to grow.
Both sites have 6 stations and 1 wash basin. Total rent across both locations is currently $3,066 + GST per week.
The team are well paid and loyal to the business and includes 2 capable managers.
Contact Simon James today for more information.
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