The BUZ Barbershop location location location
Industry :
ProfessionalSub Industry :
Property/Real EstateAbout the business
The Phone Code for this property is: 18508. Please quote this number when phoning or texting.
offer over $49,900
Summary
Barbershop Name: THE BUZ
Great Name, Great Location.
Having built a good reputation for 9 years, this barbershop is a small and easy-to-run shop, so this is a great opportunity for barbers looking for their own business. Now that everything is set up, you can start right away.
Revenue
$180,000 pa
Rent
$53,130 pa
Currently 30% rental reduction from Covid-relief
$3,099.28 per month
Employees
Currently 1 owner, 1 casual staff
Location Details
Centrally located in Surfers Paradise (QLD 4217), a popular destination for vacationers and locals alike. The shop building is right next to the Hilton Hotel and Tram Station (Cavil Ave).
Surrounded by bustling multicultural restaurants.
Good barber shop size (about 28 sqm)
Potential
as international borders open, this popular getaway will only get busier.
Pre-Pandemic Turn-over: $ 240,000 - 280,000
Post- Pandemic Turn-over: $ 150,000 - 180,000
Hours
Flexible at operator’s discretion
Lease
Until Middle of 2024 with an option for a further 5 years available.
Reason for Sale
Other business
About the Business
Unique the Buz customised Logo
Shop settings are Crafty & work-efficiency way. Wireless tools and chargers, Cameras and LED lights
Two(2) barber chairs (up to 4 stations can be expanded)
Hot towel cabinet x2
TV SCREENS (32â€) x5
A shampoo basin + hot boiler
Washing machine + heat pump dryer (electricity efficient)
Sounds system with 4 speakers
CCTV (watch from your smart phone)
New Air-conditioner (Panasonic)
Client feedback using i-pad
Filtered drinking water Cooler, bar fridge
Client waiting chairs
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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$49,900
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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