08 8361 3074

Stunning Northern Suburbs High Profit Hair Salon

$260,000 + SAV ($20,000 approx.)

Business Description

Located approximately 50 minutes north of Adelaide, this salon is constantly in high demand as it offers a wide range of hair services. Clients simply can’t get enough of the outstanding services they receive and at such great prices too.

Originally starting in July 2017 from home the Vendor realised there was a demand for services and opportunity to expand. Opening a shop front in July 2020, the business quickly grew to where it is now and employs 9 staff members with a fully equipped service area (which includes 14 working stations). Trading only 5 days per week (no public holidays), the business’ main income stream is hair services but there is also an income stream from retail sales of hair products.

Having owned and operated the business since its inception in 2017, the vendor has decided that it is now the right time to sell so she can focus on a career change.

At a Glance

  • Operates 5 days per week
  • 14 working stations
  • Increasing sales
  • Great main road location
  • Good lease in place

Tony Iasiello 0412 217 608

Extended Price Information

Goodwill including Plant & Equipment $260,000
Stock at valuation (approx) $20,000

Financial Summary

Year Sales Return to Owner
2020/2021 $448,548 $92,879
2021/2022 $736,290 $195,350

Lease Summary

Current Rent $1,818.18 per month + GST
Lease Term 2 Years
Lease Commencement 12th June 2020
Lease Expiration 11th August 2022
Right of Renewal 3 x 2 years
Outgoings Paid By Tenant
Adjustments CPI Annually

Request a Business Profile