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.
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.
$120,000 WIWO (inclusive of stock on hand).
Settlement no later than March 2020.
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|Last updated||3 Dec 2019|