This established and trusted hair and beauty salon has built a strong reputation for over 18 years and is currently on offer. The business relocated to its current location to gain more clients. The business is busy all throughout the year but peaks during the summer months due to the tourist season.
The business offers hair services, beauty services and hair and beauty products. Its hair and beauty services derive 70% of its sales, while retail accounts for 30%. Women and Men in the age bracket of 20-60 years old avail themselves of the services, as well as walk-ins and children.
The salon is located in a major shopping centre in Warrnambool. The suburb is a tourist destination, enhancing the salon's exposure to locals and tourists. It operates from a 76 sqm premise with two basins, eight chairs and one beauty room. Its prime location contributes significantly to its revenue.
The salon has two full-time owner-operators, hairdressers and qualified beauticians working full-time. There are two employed full-time with 4 and 5 years of tenure and one part-timer who works 13 hours per week and has been with the business for two years. In addition, the business also has one casual staff, one apprentice and an external bookkeeper handling the administrative duties.
The staff gets paid weekly, benefiting a positive business cash flow since its clients pay in cash. The salon's supplier of hair and beauty products is from Queensland, and it takes only a day for the salon to receive its deliveries. The business has a stock valued at $26,000 and P&E estimated at $30,000
There is minimal to no competition in the area, and due to its high demand, the salon turns down some clients.
The quality of the service is reflected in its Google reviews, with a 4.5/5 rating based on 67 reviews. Additionally, the business does not need to exert effort in marketing since the shopping centre gives it a steady influx of clients.
The business presents multiple growth avenues, including hiring additional staff to meet the client demands, expanding its service offerings and strategising a marketing concept.
*** Please note: We have used stock photos to protect the confidentiality and goodwill of the business. The pictures are indicative only.
