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Bayside Barber Shop Business For Sale

Mentone, Victoria, Australia
Asking Price:
$195,000 (AUD)
Sales Revenue:
$520,000 (AUD)
Cash Flow:
Not applicable

*Under Offer*
This Barber Shop has been established 12 years in this Bayside suburb.

It occupies a prominent corner location at the intersection of 2 busy roads in the area. The area is a residential area and popular with families to move into due to the numerous schools close by.

Well known, well liked and a popular barber shop, this business has a reputation for style cuts at reasonable prices - it is a must see business.

Good size premises with 6 chairs, 1 basin and 2 sinks.

Owner works with 1 full time and 2 part time employees.

Trades 6 days: Monday - Wednesday & Friday 9am - 5:30pm; Thursday 9am - 6pm and half day Saturday: 8am - 1pm.

Turning over approx. $10,000 per week with rent of $2,582 per month incl. GST and outgoings. Lease of 5x5x5 commenced in April 2018.

This barber shop has been established for 12 years and the current owner has done very little to no advertising. Clients are walk-ins, from referrals or word of mouth. New owners can easily boost turnover with some online or social media advertising.

This barber shop is well worth an inspection.

For more information and to organise an inspection contact Chris Panagiotidis or Elle Likopoulos.

Ref: B14102

Property Information

Real Estate:

Lease

Lease Terms:

5x5x5 commenced 01/04/2018

Location:

It occupies a prominent corner location at the intersection of 2 busy roads in the area. The area is a residential area and popular with families to move into due to the numerous schools close by.

Business Operation

Reasons for selling:

Retirement

Employees:
1 FT Owner, 1 FT Staff, 2 PT Staff
Years established:
12

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