Description
General Description
Retail hair salon providing ladies & mens cuts, perms & colour, hair treatments and hair extension services. – 4 cutting chairs, 2 basins. – Modern and recently refurbished retail shop. Established for over 16 years with loyal clientele.
Potential
Can offer other services such as nail & pedicure, waxing, beauty services – Sub-lease some retail space – Currently no marketing or online presence. – Boost turnover from marketing – Can stock more hair products to increase sales.
Features
Huge foot traffic from excellent location – Established for over 16 years – Existing loyal clientele – Under management – Refurbished in 2018
Premises
Modern and recently refurbished hair salon with an area of 75 sq. mts.
Location
Prime, busy location near train station and major shopping centre in Lower North Shore.
Suburb
Chatswood (Hidden)
Trading Hours
7 days – Mon. – Tues. -Wed. – Fri. – 9:00 a.m. – 7:00 p.m. -Thurs. – 9:00 a.m. – 8:00 p.m. – Sun. – 11:00 a.m. – 6:00 p.m.
Lease
Current lease expires Dec. 2020 + 3 years option. – 5% annual increases. – 3 months bond.
Sale Reason
Other business interests
Employees
1 Manager + 5 casuals
Comments
Currently under management. – The Managers wage of $600 p.w. has been added to net profit as for an owner operator. – The vendor is not a hairdresser.
| Figure Display Type | Regular |
| Weekly Takings | $10,000 |
| Cost of Goods | $600 |
| Gross Profit | $9,400 |
| Rent | $1,915 |
| Outgoings | $15 |
| Wages | $3,400 |
| Telephone | $23 |
| Insurance | $17 |
| Electricity | $115 |
| Gas | $ |
| Misc 1 | $50 |
| Misc 2 | $400 |
| Total Expenses | $5,935 |
| Nett Profit | $3,465 |
| Price | $120,000 |
| Estimated Stock | $ |
| (Additional) | |
| Equipment | $ |
| (Included) | |
| Residence | 0 |
| Premium | no |
| Undisclosed | no |
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