HAIR, BEAUTY AND COMPLEMENTARY THERAPY SALON - Cheltenham
Price:
Leasehold - £19,950
Location:
Gloucestershire
Business Type:
Service Businesses
• ATTRACTIVELY PRESENTED PREMISES
• UNOPPOSED TRADING LOCATION
• LARGE CATCHMENT AREA
• HIGHER THAN AVERAGE PROFITABILITY
• LOW RUNNING COSTS
• EARLY VIEWING RECOMMENDED
LOCATION:
The premises occupy a prominent corner location in The Reddings, a busy residential area on the outskirts of Cheltenham close to the A40 and Junction 11 of the M5.
BUSINESS:
Attractively presented with the premises having recently been refurbished this established unisex hair and beauty salon incorporates three styling positions, two backwash stations, a nail bar, a beauty room and ancillary facilities together with the use of a single garage and two allocated parking spaces to the rear.
Run by the owner with the support of a part time stylist and a part time beauty therapist, both of whom are self employed and work no more than 15 hours per week, the business is delivering above average profits and represents an excellent opportunity for a first salon purchase or perhaps for a stylist looking to return to the trade after maternity absence.
Whilst predominantly a hair salon, beauty treatments include nail treatments, facials, Indian Head Massage, full body massage and a range of holistic treatments.
YEARS ESTABLISHED:
The business was originally established 12 years ago and was acquired by the present owner in 2006
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £38,900 were reported for the year ended 31 March 2010. The vendor advises that c 95% of takings stem from hairdressing and represents income earned by the owner herself. There is one self employed part time hair stylist, who works approximately 12 hours per week (60/40 split of takings). The beauty room is let to a part time self employed therapist (15 hours per week) for a fixed monthly fee.
NET PROFIT:
An abridged profit of £20,754 was achieved in the year ended 31 March 2010.
REASON FOR SALE:
The vendor wishes to take a break from work
STAFF:
Please see ‘Trade’ Section above. There is a part time self employed hair stylist and a part time self employed beauty therapist.
OPENING HOURS:
Sunday and Monday: Closed
Tuesday: 10.00am to 2.00pm
Wednesday and Thursday: 9.00am to 5.00pm
Friday: 9.00am to 6.00pm
Saturday: 9.00am to 4.00pm
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The salon occupies the ground floor of a semi-detached property laid out over two floors of brick construction under a tiled roof and believed to date from the 1970’s. To the front of the property is a wide splay, mainly laid to lawn, retained within a low brick wall, which serves to emphasise the prominent corner position adjacent to a busy newsagents/general store.
The salon is double fronted with twin display windows either side of a fully glazed front door, which is set back slightly, with one step up from street level. The front door opens into:
Main Salon (6.2m x 4.3m):
WC:
To the left rear of the Main Salon an open doorway gives access to:
Rear Hallway:
Beauty Room (3.5m x 2.1m):
The Rear Hall leads to:
Staff/Utility Room (3.0m x 1.5m):
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None
OUTSIDE:
The lease contains the right for the business to use two marked car parking spaces in the communal parking area to the rear of the property, which is shared with the tenants of the neighbouring property.
There is plenty of unrestricted street parking close to the salon for clients.
LEASE TERMS:
The premises are held on a 3 year full repairing lease from 1/4/09 to 31/3/12. The lease provides for renewal for a further 3 year period provided only that the rent has been paid and all covenants reasonably performed and observed. Rent of £7,000 per annum is currently payable.
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