• SPACIOUS SALON PRESENTED IN VERY GOOD ORDER
• BUSINESS ESTABLISHED FOR MORE THAN 40 YEARS
• STRONG PROFITS FROM OPENING ONLY 26 HOURS PW
• MODEST RENT AND UNUSUALLY LOW RUNNING COSTS
• OPERATED BY 3 PARTNERS WITHOUT OTHER STAFF
This very profitable, spacious and attractively presented unisex hair salon occupies a prominent trading position in the main thoroughfare of West Moors, a busy village in East Dorset on the northern fringe of the Bournemouth/Poole conurbation.
Accommodating 7 styling positions, 2 back wash stations and 4 fixed drying stations in comfort, a salon has traded successfully from this location for more than 40 years.
Currently operated by three partners without additional staff the business is extremely well run and generates strong profits from only 26 hours opening each week assisted by a modest rent and very low running costs overall.
Eminently suitable to be operated by an owner stylist assisted by two part time staff this is an excellent opportunity to acquire a successful business for a modest sum.
An early viewing is strongly recommended.
We understand that a salon has operated from these premises for c 45 years.
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £55,430 were reported for the year ended 31 March 2015 and averaged £55,328 per annum in the three year period ending on that date.
An abridged net profit of £39,697 is indicated for the year ended 31 March 2015.
REASON FOR SALE:
One of the partners now wishes to retire and another wishes to pursue other business interests.
The business is operated by three partners without any additional staff. Two of the partners are stylists, the third acting as receptionist/shampooist. Each works short hours across a maximum of 4 days per week. Accordingly, it is felt that a new owner/stylist could run the business successfully with the assistance of a part-time stylist and part time shampooist.
Monday, Tuesday and Friday: 9.00am to 3.00pm
Wednesday and Thursday: 9.00am to 1.00pm
Saturday and Sunday: Closed
(all sizes are approximate & should be considered 'nominal'.)
The salon occupies a spacious ground floor retail unit at the end of a terrace of similar shops forming part of a larger building arranged over three floors, there being flats on the first and second floors accessed from the rear of the building.
The premises benefit from a prominent corner position with twin aspect, being double fronted with attractive display windows set either side of the entrance door of two glazed panels all in a wooden frame. Most attractive and eye catching signage is attached to the canopy which extends forward from the shop front itself. There is a further display window to the side elevation with stencil feature in the lower part, together with two further high level obscure glazed panels emitting natural light into the rear salon area.
The entrance door opens into:
Spacious Salon: (5.7m x 9.2m approx.)
Inset door mat. Wood panel effect flooring throughout. Suspended ceiling with large and small inset spotlighting. Curved wooden reception desk, receptionist’s chair and 2 drawer wooden filing cabinet to the side. 2 seater, leather effect reception settee. Low table for magazines. Freestanding ‘Wella’ product display unit.
To the rear of the reception desk, three matching tall, wooden, wardrobe style cupboards offer space for cloaks and product display and serve as a room divider offering privacy to 4 x fixed drying stations and 2 x back wash stations located to the rear right hand side of the salon.
To the left hand side there are 5 x styling positions, each with wall mirror, wooden shelf with power under, stainless steel foot rest and leather effect, adjustable styling chair. Small wall mounted box shelving units are used for storage of products. Two further styling positions are fixed to the rear of the room divider. Further equipment includes a colour setter, two mobile dryers and two mobile pedestal units. A range of matching fitted floor cupboards are fitted to the rear wall with tiled splash back to the back wash stations and roll edged work surfaces. Wall shelving is used for the storage of colours. Heating is provided by 2 x electric storage radiators (one at the front and one at the rear) together with some portable electric heaters.
High level obscure glazed wall panels to the rear wall adjoin the ancillary accommodation at the rear which is accessed by twin swing wooden louvre doors which open to:
Ancillary Area: (2.6m x 4.5m approx. in total)
Vinyl tiled floor. Wooden double doors to the rear elevation giving access to the rear of the property. High level obscure glazed panels run the full width of the rear wall. This ancillary space has been subdivided to provide:
Wall mounted electricity consumer unit and further meters. Range of fitted wall and floor cupboards and roll edged work surfaces. 1.5 bowl sink unit with drainer to side. Refrigerator. Fitted shelf accommodating microwave oven. Further fitted wall shelving.
Wooden door to single WC cubicle. Low flush WC. Wall mounted wash hand basin. Extractor fan.
Open doorway to useful space accommodating Indesit washing machine with Indesit dryer stacked above it. Fitted wooden wall shelving.
A hot water tank is connected to an Economy 7 electricity meter. Further storage shelving over.
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
(all sizes are approximate & should be considered 'nominal'.)
There is a very convenient unrestricted parking rank immediately outside the row of shops and space to park two vehicles on a hard-standing to the side of the salon. There is further free parking in an adjacent side road and a spacious free car park serves the village centre.
The current 12 year lease runs until June 2017 and it is envisaged that a new lease will be made available to the purchaser at the time of purchase.
Rent of £1,812.50 is payable quarterly (£7,500 per annum). An additional charge of £90 per quarter is payable to the managing agents together with a periodic service charge for cleaning and maintenance of the communal area serving the property as a whole.
The lease is drawn on a full repairing and insuring basis, the tenants being responsible for a share of the annual buildings insurance premium and a share of the property maintenance costs. The roof of the property was replaced entirely in 2015.
ENERGY PERFORMANCE RATING:
Energy Performance Certificate Number: 9800 3009 0866 0600 1801
Energy Performance Asset Rating: 81 Category D
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