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Hair Salon With Busy Main Road Location For Sale

Northcote, Victoria, Australia
Asking Price:
Under $100K (AUD)
Sales Revenue:
$312,000 (AUD)
Cash Flow:
Available on request

Hair Salon with Busy Main Road Location in Northcote for Sale

This boutique hair salon has a busy main road location with ample foot and vehicle traffic passing daily. Public transport running right outside the front of the salon provides easy access for clients.

With full-time and casual staff, a new owner could benefit from an established client base and bring their existing clientele into this salon.

Well-fitted out with 6 stations, 4 basins, and a large storage room. Additionally, a courtyard at the back provides an area for staff to relax and could potentially be used by clients to sit and enjoy a coffee.

Trades 5 days: Tues & Fri 10am-5pm; Wed & Thurs 10am-9pm; Saturday 9am-5pm. Closed Monday and Sunday.

Turning over an average of approximately $6,000 per week, with rent of $3,642 per month and a secure lease of 3x3x3x3x3, which commenced in January 2023,.

This is an excellent opportunity for an owner/operator to capitalise on the goodwill established by this salon over the past 4 years, or with full-time and casual staff in this salon, it could easily be run under management.

With no website and fledgling social media accounts, there is ample opportunity to grow this business with simple marketing on social media and setting up a website.

This hair salon is well worth an inspection.

Property Information

Real Estate:

Lease

Lease Terms:

3x3x3x3x3 which commenced in January 2023

Leasehold Rent:

$43,704 (AUD) per annum

Location:

Busy main road location with ample foot and vehicle traffic passing daily. Public transport running right outside the front of the salon provides easy access for clients.

Premises Details:

Well fit out with 6 stations, 4 basins and a large storage room.

Business Operation

Reasons for selling:

Moving Overseas

Trading hours:

5 days: Tues & Fri 10am-5pm; Wed & Thurs 10am-9pm; Saturday 9am-5pm. Closed Monday and Sunday.

Employees:
1 FT Owner, 1 FT Staff, 2 Casual Staff
Years established:
4