A Chain of 2 Men’s Grooming Salons for Sale, Melbourne

Key Details

• Store size 1 : 184 SQM. Prime city location. Rooms: 4 Beauty rooms (1 mani pedi, 2 waxing, 1 facial) + 1 Staff room + 1 Laundry + 1 Toilet. 1 room with shower facility Chairs: 10 Barber chairs. 2 Wash chairs. 1 colour station + Wash sink Equipment’s: Large Reception with touch screen PC. Wall mounted TV, Bar Fridge + Drinks Fridge, Washer and Dryer, Expresso professional coffee machine, Hot Towel cabinets x 4 Seating & Display: Multiple Large seating / lounge area for customers. Extensive product display wall. 12-15 customers seating / waiting capacity
• Store 1 - Rent: $7500 per month (incl. GST & all outgoings. No Water bill). Lease: Current 7 years (3 years to go) + 7 year renewal option. Staff: 2 Permanent Beauty Therapist (35 hours, 32 hours) + 4-5 Barbers (Mix of Casual & Contractors) Wages: $4500 per week: $8-9K per week and growing.
• Store size 2 : 90 SQM. Prime inner city location Rooms: 1 Staff room with laundry & fridge. Reception and product display Chairs: 6 Barber chairs. 2 Wash basins. 1 Wash chair. 1 colour station Equipment’s: Touch screen PC + Wall mounted TV, Bar Fridge & Washing machine, Hot towel cabinets x 2 Seating: 10 customers seating / waiting capacity
• Store 2 - Rent: $5400 per month (incl. GST & all outgoings). CPI 3% Lease: Current 3 year lease. 1 year to go. + 3 + 3 Staff: 1 FT Barber + 4-5 other Barbers (Mix of Casual & Contractors) Revenue: $8-9K per week (incl. GST). varies as walk-in model
• Net profit for both sites approx. $140k -$145k per annum