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Beauty, Health & Fitness business for sale in Byron Bay

  • Beauty, Health & Fitness
  • Byron Bay NSW 2481
  • $120,000 (GST na)

Thriving Two Chair Salon / Barber Shop in Heart of Byron Bay

Phone enquiries - please quote property ID 23564

Locally owned and operated for just over 8 years, this compact yet comfortable salon with well-established local customer base and phenomenal footfall/passing trade presents the perfect lifestyle opportunity for an experienced salon professional.

About the Business:

With a unique and unrivalled position the salon brings a cool Melbourne Laneway and street art vibe to the beachside paradise of Byron Bay. Having worked in the industry for some 42 years the owner/operator is moving into a part-time career in an unrelated profession. Raised in Byron Bay, the current owner is keen to find a pro that can take on her loyal and much loved clientele whilst also growing and developing their own vision for the business.

Located in the centre of town between a bustling hole in the wall coffee joint (with street seating) and a thriving accommodation business; the salon is currently trading Tuesday to Friday on a bookings only basis (turning away 6-8 walk-ins daily).

Whilst there is no marketing in place for the business the current owner is keen to handover her very full client book. In recent years, in pursuit of a simple lifestyle and plenty of waves the owner has worked solo at the salon. There is a second chair in the salon and 2 cutters can comfortably work in the space.

Lease Terms:
Current Lease runs through May 2021 with a three (3) Year option.

Permitted to trade 7 days (no restriction on operating hours)

By the Numbers:
Commercial Lease - $32,990 p.a. inclusive of GST & outgoings.
Current Turnover - $90,000 p.a. (1 stylist operating 1 chair 4 days per week 9am-5pm, inclusive of sub-leased additional treatment room see below). Note: turnover has been achieved with no marketing or google listings in place.

Potential Turnover (based on 2 chairs operating at 70% capacity of average daily revenue when open 7 days per week for 50 weeks a year) - $245,000 (conservative)

Current Customer Profile: 80% locals 20% tourists. 50/50 Split between colour clients and salon/barber style cuts. Diverse mix of young working professionals, families and well-to do retirees.

Features & Fixtures:
- Great natural light.
- 2 Cutting Chairs.
- Salon washbasin (recliner).
- Small utilities area with second sink.
- 2 Car parks (undercover within larger retail site).
- Access to shared toilet facilities with coffee business located next door.

Upstairs Treatment Room:
The premises also has an upstairs treatment room accessible via the salon. The current owner has sub-leased ($250 per week) and rented out on a casual basis ($150 per day) the treatment room to a variety of beauty professionals over the years. Revenue from the treatment room over the past 4 years has averaged approximately $14,000 per annum.

Sale Terms:
$120,000 WIWO (inclusive of stock on hand).

Settlement no later than March 2020.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Business Highlights

Business ID2015930675
Floor Area33m²
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Last updated  3 Dec 2019
Map for Byron Bay NSW 2481
Map for Byron Bay NSW 2481Byron Bay NSW 2481
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