$249,000 FULLY MANAGED | PROFITABLE HAIR SALON

For sale: $249,000





Business Overview


This high-end, long-standing hair salon is ideally located only minutes away from the CBD in Sydney's bustling inner west.


With a large range of loyal clients, including many from the surrounding affluent suburbs, this business is known to those that frequent it as the number one, premium hair specialist in the area.


The business is fully managed with a dedicated, professional, and extremely talented team; which allows a new owner to be as hands-on (or hands-off) as they like.


An extensive database built over 13 years of operation, full financial accounts available, quality equipment/fit-out, prime street frontage, detailed processes in place, and a brand new lease.


This is an opportunity not to be missed and is suitable for an experienced industry professional or savvy investor.



Features


Fully managed studio

Dedicated and experienced team

New 3+3 year lease

10x service stations allowing for further growth

Extensive database of loyal customers

Highly profitable and sustainable income

5-day trade








Premises


Lease: New 3+3 year lease

Rent: $68,000

Annual Increases: 3%



Financials


Revenue: $694,073

Cost of Goods: $94,443

Annual Rent: $68,000

Expenses: $61,224

Wages incl Super: $247,088


Net Profit: $223,318

PEBITDA: $303,034


Note:

2020FY Audited Accounts, all figures are exclusive of GST



To enquire on this business and obtain further details,

please click on the blue button at the top of the page.