For Sale $188,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $188,000

Business Details

Hair Salon - Beauty Salon - Retail - Under Management - South Sydney

\nHair Salon - Beauty Salon - Retail - Under Management - South Sydney - Agent SBX Code Number: S2012SF

Retail ladies and mens hair salon offering all regular services including colour, extensions, keratin straightening. This salon also offers all customers a very exclusive experience with very qualified staff, upmarket uniforms and massage service to all clients - separate tan room - separate pedicure room - makeup - hair treatments. - Stocks La Biosthetique and Eleven range. 10% of sales are from retail - 9 chairs - 4 basins - fully equipped

Potential
Improve social media presence - do some marketing, advertising and SMS promotions to the local community - add other services - potential for an owner operator to reduce wages and increase profit - continue to grow the business

Features
Long lease - Reasonable rent - Great location - Beautifully presented shop with a modern fit out - Run completely under management - Large data base of 4,000 clients - Nothing to spend.

Premises
Stunning New York style set up with a glass front, two separate rooms, bathroom and good storage, washing machine, dryer and an area of 60 sq. mts.

Location
Situated In a busy hub of shops near a popular cafe and close to the beach in the Southern Suburbs.

Trading Hours
6 days - Tues. & Fri. - 8 a.m.- 6 p.m. - Wed. & Thurs. - 8 a.m.- 8 p.m. - Sat. - 8 a.m.- 4 p.m. -Sun 8 a.m.- 4 p.m. or by appointment.

Lease
Current lease expires Oct 2017 + 5 + 5 year options - C.P.I. increases - 3 month bond

Employees
1 Manager + 4 fulltimers + 2 contractors.

Comments
Miscell. 1 - other general expenses and GST - The managers wage has been removed and shown in net profit as an owner operator. - Owner does not work in the business so clients will not be affected by new owner - Online booking system in place. Excellent systems in place to run the business and very qualified staff.- The tanning service has not been promoted and there is lots of potential to increase this service - could add a full time nail and makeup person as the contractor only works 1.5 days a week. Could add a permanent barber. Please be discreet - Inspection by appointment only

Figures
Weekly Sales $11100
Rent (ex GST) $818
Wages $3800
Profit $3517

Agent SBX Code Number: S2012SF - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Retailer
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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