Managed highly profitable Eastern suburbs hair salon for sale
This beautiful salon in the heart of Randwick is for sale for the first time in over 30+ years.
The salon has a great trading history for over 30 years with huge profits the owners have enjoyed a lifetime of consistent trade and staff. Staff are long standing with some being there for over 15 years that run the salon day to day. Owner works just 3 days per week and would like to continue working for the new owners 2 days per week until retirement next year.
Key points Rent $109k per annum Turnover $900,000 p/a Profit $290k + Staff are in place and fully trained to handle day to day running of salon. 7-year lease with no fit out required for 7 years No Sunday trade Full team of staff in place New fit out requirements completed Full support from current owners to hand over clients and procedures to ensure a smooth take over.
