Golden Grove Barber Shop

$259,000 + SAV ($4,000 approx.)

Web ID: S4085

Business Description

At a Glance

  • Operates 7 days per week
  • 5 cutting stations/chairs
  • Turnover $440,000+ per annum
  • 4 full time employees (excl. vendor)
  • Located north-east in Golden Grove

Located in the north-eastern suburb of Golden Grove, this barber shop has been delivering quality grooming services for both men and boys for 20 years.

This is a modern approach to barbering, the experience starts from the minute you step in the door; the vibe is chilled, relaxed and masculine. To put it simply, this store was set up to make men’s grooming enjoyable for not only the young and hip but for men of all ages.

Offering a number of services including classic hair cuts through to a trendy style, basic grooming through to razor face shaves, they also provide hair tattooing and men’s treatments for those seeking a little extra pampering. As a further service to their customers, they stock a range of men’s products which are available for purchase - enabling their clients to feel confident caring for and styling their hair at home between visits.

Previously the store had been operating 6 days per week and due to demand has increased their trading to 7 days in the last month. The shop has 5 cutting stations/chairs which allow them to move through a high volume of clientele. Bookings aren’t necessary and customers only need to walk in and take a seat to wait their turn.

Returning net profits of over $100k to an investor, the opportunity is unlimited for a working owner - this store is set to be taken in either direction.

 

Melanie Winter 0408 085 932


Extended Price Information

Goodwill including Plant & Equipment $259,000
Stock at valuation (approx) $4,000
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$263,000

Financial Summary

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Sales Return to Investor
2018/2019 $444,122 $125,263
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