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The Perfect "old School" Barber Shop Is For Sale

Bulleen, Victoria, Australia
Asking Price:
On request
Sales Revenue:
$416,000 (AUD)
Cash Flow:
Not applicable

**Open to Offers**

Are you looking to own a well-established, successful business with deep roots in the community? This barber shop has been a local fixture for over 40 years, offering excellent margins and a loyal customer base. The owners are looking to retire, creating an opportunity for you to step in and take the reins.

This is more than just a business; it's a community institution where customers come for good times, laughs, and quality haircuts. It's the perfect opportunity for a new, energetic owner to bring fresh ideas and continue the legacy of this rare gem.

Located in a highly accessible area with ample parking and steady foot traffic, this barber shop benefits from a consistent stream of walk-in customers. The business is open six days a week, providing a welcoming environment where patrons of all ages feel at home. With average weekly takings of up to $8,000 per week, this shop has proven it's profitability time and again.

The shop is staffed by a team of three skilled young barbers who are happy to stay on with the new owner. This experienced team, along with the current owners' commitment to ensuring a smooth transition, will provide the stability and continuity that customers and staff value. Many of the clients have been coming to the shop for decades, often bringing along their children and grandchildren. This multi-generational loyalty is a testament to the shop's quality and friendly atmosphere.

While the business is already thriving, there's ample opportunity for growth. A new owner could expand the shop's reach by enhancing its social media presence or offering additional services. A secured lease is in place, with a full 6 years ahead and the landlord is happy to add even more years on , providing you with a long-term foundation for your investment.

The rent is competitively priced at $2,789.57 per month, making this business not only profitable but also cost-effective. The current owners are dedicated to a seamless transition and are willing to stay on during the handover period to ensure all customers and staff are comfortable with the change. Their goal is to help you achieve the same success they have enjoyed.

If you're interested in owning a successful business with a strong track record and a bright future, don't miss this opportunity. Contact Elle Likopoulos and her team on (03) 9566 7300 or [email protected] for more information and take the first step toward owning a piece of history with a promising future.

Ref: B14700

Property Information

Real Estate:

Lease

Lease Terms:

August 2024 2 years commence with further options of 2x2

Location:

Located in a highly accessible area with ample parking and steady foot traffic, this barber shop benefits from a consistent stream of walk-in customers.

Business Operation

Reasons for selling:

Retirement

Trading hours:

6 Days Monday-Friday 8:30am-5pm Saturday 7:30am-4pm

Employees:
2 FT Owners, 3 PT Staff
Years established:
40