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 |
| $152,000 |
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 |