HHB2308
Hair Salon Business for Sale - Randwick
Price:
$270,000 + Stock
Profit:
$290,000
Sales:
$900,000
Location
Randwick
Industry Type:
Hair Salon
Emma Attenborough
Specialist Broker
Phone:
0404 090 367
Email:
Please fill out a Confidentiality Agreement so we can provide you with more detailed information on the businesses you are interested in.
Confidentiality Agreement
Managed highly profitable Eastern suburbs hair salon for sale
This beautiful salon in the heart of Randwick is for sale for the first time in over 30+ years.
The salon has a great trading history for over 30 years with huge profits the owners have enjoyed a lifetime of consistent trade and staff. Staff are long standing with some being there for over 15 years that run the salon day to day. Owner works just 3 days per week and would like to continue working for the new owners 2 days per week until retirement next year.
Key points
• Rent $109k per annum
• Turnover $900,000 p/a
• Profit $290k +
• Staff are in place and fully trained to handle day to day running of salon.
• 7-year lease with no fit out required for 7 years
• No Sunday trade
• Full team of staff in place
• New fit out requirements completed
• Full support from current owners to hand over clients and procedures to ensure a smooth take over.
Price $270k plus stock.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.