Coogee, New South Wales 2034
Barbershop. Small Bar. Beachfront Views. Unique.
For Sale | $150,000
Asking Price $180,000
Revenue $249,000 p.a.
PBITDA $104,000 p.a.
This business has boosted its profitability through being able to serve beers, cocktails and coffees, as well as by introducing a unique subscription option for its clientele. These features have also engendered a high level of customer loyalty. An adept entrepreneur could look at expanding the proven subscription concept by opening more shops and becoming the hairdressing version of Netflix or Spotify.
The location guarantees a high level of passing foot and vehicle traffic. An effective website, search and social media presence has been established, which is supported by paid advertising. The business has a loyal local customer base but its growing profile is attracting increasing business from further afield. And frankly, why would you go to an ordinary barbershop, when you can come to somewhere with this type of ambience?
Systems are in place to enable efficient handling of bookings, payments and subscriptions. The attractive situation makes it easy to recruit skilled barbers as and when required.
Hairdressing is an industry that is quickly recovering from the COVID-19 downturn, with barbering being an essential business that has continued to operate. This operation is well poised to continue expanding. The exceptional attributes of this business will ensure its appeal to savvy buyers.
Listing ID: NSW09523
Broker: Richard Carter
Phone: 02 9899 1999 / 0419 241 099
For access to additional details regarding this opportunity, please complete the online confidentiality agreement at:
THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.
PBITDA is net income before deducting owner's remuneration, discretionary expenses, depreciation, interest and taxes.