Ad ID: 49266 Inactive

Barbershop Business for Sale Wellington

LAST TIME OFFERED  - Price reduced from $65000 for quick sale. - Central City Barbershop Gents Hairdressing Salon - corporate based clientele, established 20 years, selling due to ill health.

Location:
Asking:
$40,000
Negoitable
Turnover:
$71,400

Business for Sale Description

Barbershop Business for Sale Wellington

Owner scheduled for major surgery and treatment in August. This is an opportunity for a younger person, seeking to own their own business, to purchase an existing business with a mainly corporate based clientele (Consultants, Info Tech, Government, University staff, Spark/Telecom, etc). Operating costs are fairly static and business is consistently returning 55-68% net profit on annual turnover.  The existing owner of 20 years is selling due to increasing health issues and currently only operates 5 days per week. A barber's shop has existed in this location for about 40 years and there is space for up to 4 chairs (only one of two chairs is currently being used).

Business Resources

There is an opportunity to expand the business by returning to offering full shaving services, expanding to 6 days a week, rent-a-chair, and targeting new markets:

ethnic population - Asian, Indian, Filipino, Modern Assyrian and Islamic communities are all growing;
20-35 age group are becoming more style conscious;
student population - 5+ hostels in very close proximity with 1500 residents;
female population - currently catering for only a small number of female clients.

Price includes equipment, chairs, cabinetry, mirrors, and a small amount of stock.

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