Fitzroy VIC, ID 197620
This business presents a bargain opportunity at $350,000 ONO, with estimated annual revenue of $430,000 and adjusted net profit of approximately $300,000, representing a 70% profit margin. This level of profitability and return on investment is uncommon, making it well suited to buyers seeking a high-yield business with strong upside potential. Operating for over 30 years, the business has developed a loyal client base and is firmly established as a trusted provider of hair salon services and treatments. It is an award-winning operation with a strong market reputation and a perfect Google rating supported by 300 reviews, reflecting consistently high levels of customer satisfaction. Located within a busy retail precinct, the salon benefits from strong foot traffic and a high-quality surrounding retail environment. The area attracts a broad demographic aligned with the business’s target market, supporting ongoing stability in performance and revenue. The business operates efficiently with an experienced, long-tenured team in place, including staff members with over 12 years of service. Clear operational systems and structured procedures are already established, making this an ideal opportunity for an owner-operator seeking a well-organised and streamlined business model. The premises are fully fitted out and well equipped, allowing for immediate continuation of operations without the need for significant additional capital investment. This is a rare opportunity to acquire a long-standing, highly regarded salon with strong foundations, a prime position and clear potential for continued growth.
