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.


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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