Gardenvale’s Hair Salon

Gardenvale’s Hair Salon

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Location Details :

Country

Australia

State

Victoria

City

Gardenvale


Industry :
Beauty/Health - Beauty Salon ; Beauty/Health - Hair ; Beauty/Health - Beauty Products ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

-x

About the business

Established 17 years ago with a straightforward business philosophy offering excellent service at a reasonable cost, Gardenvale’s Hair Salon has achieved a good balance between client satisfaction and regularity in repeat clients earning comfortable six-figure returns.

Gardenvale’s Hair Salon is ideally located on the corner of the Nepean Highway and Gardenvale Road, having found a spacious, bright, and busy location with access to increased foot traffic, extensive frontage on two main roads, and being close to the train station. The salon has experienced a constant flow of business, with a mix of loyal long-time clients and drop-in foot traffic.

Most importantly, Gardenvale’s Hair Salon stylists have learnt to specialise in developing the trust and rapport needed for maintaining extended client and stylist interactions during haircuts and across many potential years of client patronage. This has resulted in staff becoming long-term friends with clients and providing styling services for entire families across several significant life events such as debs, weddings, anniversaries and more.

The key features of the business are:

- Ideal location with reasonable rent and a large salon to service more customers if desired

- A strong mix of organic “drop-in” customers and regulars from residents

- Consistently produces strong six-figure earnings for an owner-operator working 4 days per week on average

- The team runs with one owner-operator working as the salon manager, one full-time and one part-time hairdresser

- Business significantly ramps up around the holidays such as Easter, Christmas, and other cultural event days such as Mother’s Day, Passover, and Jewish New Years

What makes the business successful?

Gardenvale’s Hair Salon has been built on quality social engagement and high levels of client satisfaction in hairdressing services. The value of this reputation of excellence, consistency, and client-focused service is apparent in that their clientele performs the bulk of advertising; word-of-mouth and referrals have allowed the business to grow since it was established, with some clients travelling significant distances to have their hair cut by hairdressers that they trust.

Gardenvale’s Hair Salon employs hairdressers whose knowledge and skills are a product developed and honed over many years. They work exceptionally well together as a team, assisting with all aspects of the business. Every member can provide top-class and current work to satisfy the clientele. This has allowed the business to build a substantial client rapport and trust, allowing the salon to maintain a large client base that weathered the covid restrictions and returned strong.

In hairdressing, reputation is key to establishing and maintaining client relationships. A new owner-operator can look forward to jumping in with a fantastic community of loyal customers and staff.

If you are a salon owner looking to grow your investments or an experienced hairdresser with management experience looking to take the next step, please enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price: $320,000 + SAV (Terms Negotiable)

Finn Business Sales
Greater Melbourne
(03) 9372 0243

Broker: Jacqueline Edhiqary
0411 335 218
jacquueline.edhiqary@finnbusinesssales.com.au

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