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Price reduced - Well known and Profitable Hair Salon for Sale " Orange, NSW

Listing Id : 269181

Location : New South Wales

Category : Hairdressing, Hairdressing, Beauty

Asking Price : 110,000

Business description

Business ID: BS141262 Projected turnover 2019/20 $646k with expected profits to be over $150k to owner. Priced to sell at $110,000 plus SAV Please note: this business has remained strong and profitable during the COVID pandemic and will continue to grow. This salon has been established for 10+ years, with an excellent reputation and a good client base. This business is now ready for sale as a turnkey opportunity. The salon has been tastefully renovated over many years and offers 7 working stations, 3 head basins, 7 Parlux hairdryers and a 3 seater leather lounge with 3 single seat leather chairs in the reception area. It also has a fully equipped staff room with table and chairs, microwave, kettle, fridge etc The salon currently employs 8 people to run smoothly, including the owner, who only works part-time. Of these staff, 2 are full-time and 5 are part-time with 1 casual. One of the full-time staff has been there since 2014, so there is some good stability in the staffing structure of the business. The current owner is willing to remain as either an employee or contractor if required. The salon is located in a Regional Central West town of Orange, NSW, with a prime town centre location. The salon has high exposure to passing traffic as it fronts a busy road. The building benefits from having parking at the front and undercover parking nearby, with 2 staff allocated parking spaces beside the building. -The business name is included in the sale -Very easy salon to operate and uses the specialised hair salon software program Shortcuts, which includes customer details as well as many other management features -The business has a current 12 month marketing plan in place designed by (Ready Marketing Orange) and has active and current social platforms such as Instagram, Facebook, website, SMS marketing, email marketing and with a large social following. It is this salon’s belief that, in order to lead today in business, you must have a strong digital marketing presence -Currently opens 5.5 days a week, offering the rewards of a work/life balance -Opening 7 days a week with longer hours is possible because of the great high traffic location and demographics of the town. This will only have the potential to increase profits -Loyal client base with lots of new walk-in clients as well The current owners will enter into a non-competing agreement with the new owner of the business, covering the metropolitan area for the period of 12 months. However, the owner is more than happy to continue in the business as an employee. Asking Price: Perfectly priced at $110,000 plus stock.


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