Summary
Step into an income-producing profitable salon, & make this beautiful space your own. Chair renters cover 97% of Rent. Long lease + options. $79k plus SAV. Owner keen to stay as extra chair renter.
Revenue
$389,170 pa
Rent
$35,400 pa
Expenses
$297,245 pa
Net Profit
$56,500 pa
Location Details
952 Logan Rd, Holland Park West
Main road, ample parking at rear. Cafes, bakeries, & a variety of small businesses share the high-street style shopping strip. Houses & schools surround the area with a variety of young professionals, families, & working 55+ empty nesters.
Potential
The costly start-up phase is done. Step into an established 12-chair salon.
A turnkey opportunity for a hairstylist, therapist or beauty/wellness professional ready to move into ownership. Generate your own income behind the chair or in the treatment room.
$198K FY26 employee-generated revenue (staff only, excludes owner's turnover).
Add staff w clientele for extra revenue.
Expand hair extensions services.
$34k/yr current chair-rental income, with capacity for more.
$16k extra chair rent from current owner.
Rent out treatment room.
Skills
Ideally suited to an owner-operator that can offer hairdressing, massage/chiropractic, beauty therapy, nails, or any kind of wellness modality, cosmetic/aesthetician/tattoo artist. However, an astute business owner will likely see an opportunity for a relatively passive income, particularly if able to introduce a revenue-generated manager.
Hours
Our main trading days are Tuesday-Saturday. We offer flexibility to accommodate the teams' family logistics.
Lease
Currently 3 years into a 5 year lease, plus 2x 3year options.
Employees
Skilled, experienced, honest, reliable. 1x 35hrs/week @$45/hr, 1x 7-10hrs/week @$40/hr (happy to increase hrs via promotion of hair extensions work which is her expertise). They highly regard the calm yet joyful work atmosphere we've curated.
Reason for Sale
The owner is seeking to simplify her role in business. After building a successful salon and clientele, and hitting a milestone birthday, she feels ready to reduce her responsibilities & roles in business. The owner would be very happy to remain at the salon as a chair renter, if the new owner would welcome that. Naturally, any handover assistance is offered, and if the owner can stay on, she is happy to keep contributing to the smooth running of the space as a valued freelancer.
About the Business
A 12 chair modern salon
Brand new Fitout completed mid-2023.
3 Basins.
1 private treatment room.
Kitchen & colour storage/preparation room.
Internal laundry with toilet.
Storage shed.
Ample car parking at rear of shop.
All Hairdressing services.
Treatment room is well situated for a massage therapist or any beauty, cosmetic, allied health or personal service that might require a private room.
The majority of the rent is paid for by the current freelance crew. The owner is happy to stay on and contribute $16k/yr as an additional fulltime freelance member. The freelance crew enjoys their autonomy of business, but also always takes part in making sure a team feeling is maintained (we support each other wherever we can in spite of our role/position).
Average colour and cut service bill $280 - $360 (lower and higher priced services available, but this is representative of the majority of these services).
We have curated a calming and welcoming atmosphere that is regular mentioned by our existing and new clients. There is plenty of busyness, chatter and laughter, but it never feels chaotic or stressful. The team is individually as well as collectively committed to this atmosphere.
History
After 11 years in a home salon, the owner was ready to return to a commercial space (mid 2020). Freelance operators then joined, & they soon required a larger space with extra parking. After the 2023 relocation into a fully renovated, custom-fitout space, new team members were eventually added and the salon has earned a reputation of providing specialty curly services, alongside quality colouring & cutting. We're working towards building our hair extensions clientele including specialty services within the hair loss space for females.
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