BUSY BARBERSHOP WITH HUGE NET PROFIT $348,721PA

Posted by: Nicole Nguyen-Iffland | February 16, 2023

Sold

Description

Busy Barbershop with HUGE NET PROFIT $348,721pa

Sold - Gold Coast QLD

Short Summary

Lucrative position. No Direct Competition. Experienced Barbers in place!

Key Selling Points

Established brand

Recession proof

Low Overheads

Low Stock requirements

Low working capital requirements

Cashflow Positive

Long term Management and Staff in place

Strong year to year Sales

Strong year to year Profits

Low Rent

High Profit Margins

Simplistic business

Clean financials

No Direct Competition

High foot traffic location

This is the best Barber Shop for miles with no direct Competition! Customers just keep coming through organically with no marketing!

Sales are up yet again! Profits are up yet again!

This is priced for a quick sale!

Contact Nicole Nguyen-Iffland 0423 161 995 | Alex Warren 0433 770 583

Asking $348,000 + Stock at Value

Ref. no. BUY2259

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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CONFIDENTIALITY & NON-CIRCUMVENTION AGREEMENT: Parties: This Agreement is made between: Business Classifieds Pty Ltd (ACN 130 005 426) ATF Business Classifieds Trust (the Agent), and The undersigned recipient (the Recipient). 1. Interpretation: For the purposes of this Agreement: Business means the business and/or assets referred to by the Agent and/or described in any document, advertisement, memorandum, or agreement provided by the Agent. Confidential Information means all information, documents, data, forecasts, statements, and material (whether written, verbal, or electronic) disclosed by the Agent or the Seller in connection with the Business, excluding information which is in the public domain (other than through a breach of this Agreement). Seller means the party who owns or controls the Business, and includes their heirs, executors, administrators, successors, assigns, or any related entity. Recipient means the individual or entity receiving Confidential Information, including its officers, employees, advisors, agents, representatives, successors, or assigns. Words denoting the singular include the plural and vice versa. Obligations bind parties jointly and severally. 2. Confidentiality Obligations: The Recipient agrees: (1) To keep all Confidential Information strictly confidential, (2) Not to disclose any Confidential Information to any person without the prior written consent of the Agent, except to professional advisors (lawyers, accountants, financiers) who require such information for the purpose of assessing the Business, provided such advisors are also bound by confidentiality, (3) To return or permanently delete all Confidential Information upon request or immediately if the Recipient elects not to proceed with the Business. 3. Non-Circumvention & Commission Protection: (1) The Recipient acknowledges the Agent is the introducing party and the effective cause of all dealings with the Seller, (2) The Recipient agrees not to approach the Seller (directly or indirectly), or attempt to negotiate, purchase, lease, invest in, or otherwise acquire an interest in the Business, except through the Agent, unless otherwise agreed in writing, (3) The Recipient must not: (a) bypass, avoid, or circumvent the Agent in any dealings with the Seller; (b) assist any other party to do so; or (c) take any action that interferes with the Agent's entitlement to commission, (4) If the Recipient (or any related entity, nominee, associate, or advisor of the Recipient) acquires an interest in the Business, whether directly or indirectly, the Recipient agrees the Agent is deemed to be the effective cause of the transaction, and the Agent's full commission is payable by the Seller in accordance with their agency agreement, (5) If the Recipient is found to have breached this clause, the Recipient agrees to indemnify the Agent against any loss, commission, costs, or damages suffered as a result of such breach. 4. Indemnity: The Recipient indemnifies and holds harmless the Agent against all claims, demands, actions, losses, liabilities, damages, and costs arising out of or in connection with any breach of this Agreement. 5. Disclaimer: (1) Information supplied in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided, (2) Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors, (3) No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks, (4) Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided, (5) This document does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller. 6. Duration: The obligations in this Agreement continue indefinitely, including after the return or destruction of Confidential Information. 7. Electronic Acceptance: The Recipient agrees that execution of this Agreement electronically, including by clicking "I Agree" or providing acknowledgement via email or digital form, is binding and enforceable.*
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Property Features

Real Estate Agent's

About
Bio
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Nicole Nguyen-Iffland

0423 161 995

Fluent English. Since 2004, Nicole has become a familiar name and face in business sales within the Gold Coast and surrounding areas and receives referrals daily from Sellers, Accountants, Solicitors and even Buyers to help business owners sell their business. Nicole’s background is similar to Peter being a husband and wife team. Everything from previously owning an Import Wholesale business through to managing a Take-Away Shop, Agricultural Farm and Online Marketing Business. Today, she manages and oversees Gold Coast Business Brokers and works closely with the team to make sure everyone is working together to get businesses sold and our 5 Star Rating stays exactly there!

Many thanks for your generous gift. Dieter and Anne’s situation was about as difficult as it gets. The wine isRead More

About
Bio
Recent Listings

Alex Warren

Business Broker

0433 770 583

07 5619 6863

You've put in the sweat, tears, and just plain hard work to build your business. You deserve to be rewarded, and my job is to make sure that you are! My professional journey began at UBS Investment Bank where I worked for a Top 5 Global Investment Bank. Later, I owned and operated a successful fee-for-service financial planning firm on the Gold Coast while also running a mortgage broking company that settled millions of dollars in home, commercial, and equipment finance. After selling my financial planning business, I concentrated on business coaching and was able to consult with a diverse range of business owner's, across a variety industries, to grow their business and plan their exit strategy to maximise their sale potential. My industry experience offers me an exceptional ability to understand financial modelling to maximise the financial lending capacity of a business for both sellers and buyers; and from a practical and financial perspective, particularly in the fields of engineering, industrial, and mechanical; I am powerfully equipped to prepare and sell your business for the highest possible price. As a Business Broker, I bring 20 years of diverse experience backed with a degree in Business and a Graduate Certificate in Leadership and Strategy. Contact me today for a complimentary appraisal and consultation on how to maximise the sale of your business. Alex Warren | 0433 770 583 | alexw@goldcoastbusinessbrokers.com.au

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BUSY BARBERSHOP WITH HUGE NET PROFIT $348,721PA

Description

Busy Barbershop with HUGE NET PROFIT $348,721pa

Sold - Gold Coast QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Nicole Nguyen-Iffland

Alex Warren

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