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Long established Hair Salon For Sale - Annandale NSW

Listing Id : 297535

Location : New South Wales - SYDNEY

Category : Hairdressing, Beauty, Hairdressing

Asking Price : 185,000

Business description

Business ID: BS144977 Business operated predominantly Under Management – Annualized profit to owner of $171,000 for 3.5 days a week. The business is a mid to premium hairdressing salon in the Inner Suburbs of Sydney. The business trades 5 days a week. The business benefits from an excellent location in the heart of Annandale Village. The business has established a large and loyal following of male and female clients offering all the usual hairdressing services and treatments, including cutting, colouring, highlighting and balayage. All staff are trained to high hairdressing standards and tuned to the current business model with a strong client’s focus which allowed the following statistics and attributes: -The business has a long and strong history of trading with steady profits -There is a large customer base -60-65% of business is from rebooking -Great location -Business predominantly run under management with the owner working just 3 days a week -Over an annualized $500,000 in established turnover on which to continue building the business -An average service superior to $160 per client -A massive potential of growth -An apprentice about to turn senior in just a few months -COVID safe and fully registered. -Rent of $5,497 a month ($66,000 a year). The owner will provide a suitable handover as part of the sale process to ensure a smooth and seamless transition. The business is being sold with a strong rebooking model, with the customer database, current phone number and social media sites. This would provide a great opportunity for someone to acquire a going concern without all the risks normally associated with starting up a new business. Asking price: $185,000 plus SAV

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