Longstanding Hair Salon with Strong, Recurring Clientele

Description

Business type: hair salon

Trading history: more than 30 years

Asking price: $350,000 ONO

Estimated annual revenue: approximately $430,000

Adjusted net profit: approximately $300,000

Stated profit margin: approximately 70%

Business overview

Long-established hair salon providing salon services and treatments.

Client base: loyal

Market reputation: strong

Awards: received

Google rating: perfect rating stated

Google reviews: approximately 300

Location

Position: busy retail precinct

Foot traffic: strong

Surrounding retail environment: high quality

Team

Experienced staff: in place

Long-tenured staff: in place

Staff tenure: some team members with more than 12 years of service

Operations

Operational systems: established

Procedures: structured

Owner-operator model: suitable

Premises

Fitout: complete

Equipment: in place

Additional capital investment for setup: not stated as required

Financials

Estimated annual revenue: approximately $430,000

Adjusted net profit: approximately $300,000

Stated profit margin: approximately 70%

Sale

Asking price: $350,000 ONO