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Hairdresser - Under Management - Franchise - Selling below fitout cost

Listing Id : 245502

Location : New South Wales

Category : Hairdressing

Asking Price : 138,000

Business description

Hairdresser - Under Management - Franchise - North West Sydney - Agent SBX Code Number: SFH10**** **** Hairdresser - franchise - for ladies, men and kids offering all the regular services including haircuts, shampoo, blowdry - No chemicals. - This salon has 5 work stations, 1 basin. - Brand exclusive retail product sales for colours and hair products.- Salon has a great atmosphere - Fully equipped. Potential Extend working hours.- A hands on operator could increase sales and profit.-Lots of new developments in the suburb. Features Good management systems in place.- High foot traffic - Great location - Long lease - Nothing to spend - Under management - Regular customers - Great presentation.- Fully setup and equipped. Premises Excellent large kiosk style in busy shopping centre with an area of 35 sq. mts. Location Excellent position in major shopping centre across from anchor tenant in the North West Sydney area close to train station and surrounded by residential. Trading Hours 7 days - Mon. - Wed. & Fri. - 9 a.m. - 5.30 p.m. -Thurs. - 9 a.m. - 9 p.m. - Sat. - 9 a.m. - 5 p.m. - Sun. - 9.30 a.m. - 4 p.m Lease Current lease expires March, 2**** **** CPI + 2% increases - 3 month bond. - Franchisor holds head lease. Employees 1 Manager + 1 fulltimer Comments Misc.-1- Other general expenses.- Misc.2 - Franchise fee $192 p.w. + marketing fee $165 p.w. - Over 200k initial setup cost for a new franchise. - Selling below fitout cost. -Well established Australian franchise company. - Newly set up store in March, 2018 and hasnt reached the full potential. -A must to inspect but please be very discreet when visiting this business and do not approach any staff. Figures Weekly Sales $**** **** Rent (ex GST) $1442 Wages $1250 Profit $1751 Agent SBX Code Number: SFH10**** **** - SBX Business Brokers


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