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Hair Salon Business In The North West For Sale

Melton, Victoria, Australia
Asking Price:
Under $100K (AUD)
Sales Revenue:
$330,000 (AUD)
Cash Flow:
Available on request

This is an exciting opportunity to acquire a fantastic hairdressing salon in the Melton area, a rapidly growing region in greater metropolitan Melbourne.

This salon has a prime location on a busy main road in a bustling commercial area and occupies a large premises with full-height windows, which let in plenty of light to give a bright, warm, welcoming atmosphere to the salon. It is surrounded by complementary businesses and there is plenty of parking for clients.

The large salon features 16 stations and 3 basins, plus 2 rooms at the back of the premises. There is ample space to introduce other services, such as a nail/manicure bar. And there is potential to rent out the rooms to independent therapists.

Established 30+ years, the salon has an average turnover of approx. $330,000 per year. Rent for this large premises is $4,388 per month, including GST and outgoings. There is a 3x3 lease which commenced in March 2023.

Trades 5 Days: Tuesday 9 a.m.–4 4pm; Wednesday 9 a.m.–5 5:30pm; Thursday 9 a.m.–8 p.m.; Friday 9 a.m.–5 p.m.; Saturday 8 a.m.–3 p.m. Closed Monday & Sunday.

current owner works in the salon with 3 well-qualified and experienced staff who work on a casual basis. There is also a stylist who rents a chair.

There is ample opportunity to introduce an online booking system and to further market this business on social media.

This is an excellent opportunity for someone who is passionate about the hair profession to own their own business and continue the legacy of this successful salon.

Ref: B14605

Property Information

Real Estate:

Lease

Lease Terms:

3x3 Commenced 1/3/23

Location:

This salon has a prime location on a busy main road in a bustling commercial area and occupies a large premises with full height windows, which let in plenty of light to give a bright, warm, welcoming atmosphere to the salon. It is surrounded by complementary businesses and there is plenty of parking for clients.

Premises Details:

The large salon features 16 stations and 3 basins plus 2 rooms at the back of the premises.

Business Operation

Expansion Potential:

There is ample space to introduce other services such as a nail/manicure bar. And there is potential to rent out the rooms to independent therapists.

Trading hours:

Trades 5 Days: Tues 9am - 4pm; Wed 9am - 5:30pm; Thu 9am - 8pm; Fri 9am - 5:30pm; Sat 8am - 3pm. Closed Mon & Sun.

Employees:
1 FT Owner and 3 Casual staff
Years established:
30