This highly profitable business is located in an inner suburb just to the North of the CBD. Originally established in 2010 by the current owner, the business has gone from strength to strength with revenues and profits showing consistent growth almost every year. Now with a turnover exceeding $500,000 pa and attractive trading profits of approximately $230,000 pa this business compares favourably with Perth’s most successful and profitable privately owned boutique hair salons.
The salon offers ladies and gents hair services including cutting, styling and colouring; Complemented by up to 4 various beauty services provided by independent sub lessees as well as retail sales from leading Haircare brands.
Features of the business include:
- Fully equipped modern salon with quality fit-out, furniture and equipment
- Very well documented business
- No experience required. Full systems and procedures manual for business operation
- Great location with long secure lease attractive rent
- Plenty of convenient customer parking
- Great exposure in busy shopping precinct
- Trades only 5 days per week.
- Closed 3 weeks over Christmas.
- Potential for growth from expanded trading hours
- Business based on long standing repeat clientele.
- Minimal marketing done by current owner
- Opportunity to grow business via increased marketing, social media and website activity.
- Uses fully integrated specialised hairdressing software package
- Total of 10 chairs (including barber chairs; with potential for barber division)
- No trainees. Fully qualified competent long standing staff
- Service based business with minimal contribution to revenue from retail product sales
The current owner has spent 10 years working in and building the business and now looking to travel prior to starting a family, prompting the decision to sell. The owner is prepared to remain in the business as an employee for a period to ensure a seamless and easy transition.