Profitable Barber Shop in Blue Ribbon Location

Description

Business type: barber shop

Location: Eastern Suburbs

Owner involvement: part time

Annual sales revenue: approximately $322,000

Profit: approximately $200,000

Business overview

Well-established barber shop with an immaculate fitout.

Business growth: steady over the past 8 years

Profits: excellent

Client retention rate: approximately 90%

Location

Position: prime Eastern Suburbs location

High-end retailers: nearby

Cafes: nearby

Office buildings: nearby

Customers

Regular clientele: established

Client base: affluent

Retention rate: approximately 90%

Google rating: 4.9 out of 5.0

Operations

Current owner: working part time

Full-time owner operation: possible

Management operation: possible

Lease

Rent: low for the location

Financials

Sales revenue: approximately $322,000

Profit: approximately $200,000

Transition

Trial period: available

Current owner: prepared to remain during transition