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Inner East Melbourne, Hair salon for sale – Perfect for an owner operator or exi
Internal Ref: B14857
Summary
This well-established salon in Cranbourne has been operating successfully for 15 years and is now available for sale due to the owner's relocation.
Revenue
$22,000 pm
Rent
$2,090 pm
Hours
6 Days: Monday to Thursday: 9am to 5pm, Friday:9am to 7pm, Saturday: 9am to 1pm, Closed Sunday
Lease
5 years commenced 12/07/2023
Employees
1 FT Owner and 3 PT Staff
Reason for Sale
Owner is moving back home.
About the Business
This well-established salon in Cranbourne has been operating successfully for 15 years and is now available for sale due to the owner's relocation. With a strong reputation and loyal clientele, it presents an outstanding opportunity for an owner-operator or investor looking to step into a thriving business.
The salon generates $5,500 per week in takings and is fully equipped with eight styling stations, two wash basins, a makeup station, and a beauty room that is currently rented for $1,120 per month, providing an additional income stream. The business also comes with $40,000 worth of equipment, ensuring a fully operational setup for a smooth transition.
The premises are secured with a five-year lease that commenced in July 2023, with options available. Rent is affordable at just $2,090 per month (including GST), with annual outgoings of $4,500. The salon operates six days a week, opening from 9 am to 5 pm Monday to Thursday, 9 am to 7 pm on Fridays, and 9 am to 1 pm on Saturdays, with Sundays closed.
Staffing includes the full-time owner and three part-time staff, with total wages at $1,600 per week. The business is well-structured and provides an excellent work-life balance, making it ideal for someone looking to take over an established and well-run operation.
With low overheads, steady revenue, and a prime location, this is a fantastic opportunity to secure a salon with strong foundations and room for future growth.
For more information, contact Chris & Elle at Absolute Business Brokers:
0433 582 533 or [email protected]
Ref: B14857
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