08 8361 3074

Adelaide City Barber Shop

$149,000 + SAV (approx. $3,000)

Business Description

The shop offers a variety of services for its clientele including classic haircuts and styles, kids' haircuts, beard trimming and even men’s treatments. This business is currently running under management with little involvement from the Vendor. The business employs 3 full-time staff members (including the manager).

The shop has 5 cutting stations/chairs which allow them to move through a high volume of their customers, they don’t take bookings and customers only need to walk in and take a seat to wait in turn for their haircut. Current sales are around $6,500 - $7,000 per week. 

This business is ideally suited to an owner operator to come in and create their own personalised barber shop.

At a Glance

  • Operates 7 days per week
  • Run under management
  • Great Adelaide City location
  • 5 cutting stations/chairs
  • Established in 2017

Tony Iasiello 0412 217 608

Extended Price Information

Goodwill including Plant & Equipment $149,000
Stock at valuation (approx) $3,000

Financial Summary

Year Sales Return to Owner Return on Owner's Investment
2019/2020 $327,430 $95,421 62.78%

Staff Summary

There are 2 full time employees & 1 casual employee working in the business.

Lease Summary

Current Rent $5,079.01 per month + GST
Lease Term 6 years
Lease Commencement 12th February 2018
Lease Expiration 11th February 2024
Right of Renewal Nil
Outgoings Paid by tenant
Adjustments 4% annually

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