Summary
Prime location in City Centre, Canberra ACT Rent: Unbeatable $400/week Revenue: $200,000+ / year (1 Barber) Net Profit: $150,000+ / year (Owner-Operator)
Revenue
$5,000 pw
Rent
$400 pw
Expenses
$500 pw
Net Profit
$4,000 pw
Location Details
54 Northbourne Avenue
Operating continuously for over 70 years, this legendary shop is a staple of Canberra's history. You will be only the 4th owner in its entire 7-decade history!
Potential
- Current operated by 1 working owner generating $200,000+ annual revenue with a net income of $150,000.
- Immediate Expansion: The fit-out includes a 2nd chair, allowing you to hire another barber or rent out the second station to instantly scale or double the shop’s turnover.
- The shop was renovated just 4 years ago, offering a fresh, modern aesthetic while maintaining its iconic charm.
Hours
- Currently operating Mon - Sat from 9-5, however potentially to extend longer hours on Friday and extra on Sunday
Lease
- Lease is still 2 years without increasing guaranteed
Reason for Sale
- The owner is changing job industry
About the Business
- Low Overhead & Massive Profits: Unheard-of rent in the city centre at just $400 per week for a 2-chair setup.
- Low operational expenses mean higher net margins for you.
- Future Growth Guaranteed: Situated directly along the upcoming light rail extension opening in just a few months—bringing thousands of potential new walk-in clients right to your doorstep.
- Over 90% customer retention rate with a high-profile, loyal regular client base and a stellar 4.8-Star Google Review rating.
- Current Performance: Currently operated by 1 working owner generating $200,000+ annual revenue with a net income of $150,000+.
- Immediate Expansion: The fit-out includes a 2nd chair, allowing you to hire another barber or rent out the second station to instantly scale or double the shop’s turnover.
Why Buy This Business?
This is an exceptionally low-risk, high-reward investment. Whether you are a skilled barber looking to step straight into a profitable, fully established shop on day one, or an investor seeking an iconic location with immense upside, this business is set up for continuous success.
Serious inquiries only.
*** Contact: Milly - 0421 314 119 - [email protected]
to discuss further or arrange a private inspection.
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