Located in a prominent position of this affluent North Birmingham suburb with considerable ongoing development, the business has been established for many years now. the current owners took over the business in 2004 and have invested heavily over the years to bring it up to it's present high standards.
The business offers a full range of hair and beauty treatments, loyal and fully trained staff and has developed an excellent reputation around the region.
Accounts are professionally prepared and show excellent profits.
A viewing is highly recommended.
During this period the owners have invested considerably to build the business to the current standard and develop an excellent reputation within the region for high quality service from very well presented, relaxed and professional premises. The business offers a full range of hair and beauty treatments. The beauty therapy room and nail station are sub-let to two individuals who operate on a self-employed basis. In addition, there are 5 members of staff plus the Vendors who are well trained and experienced and a valuable asset to the business. The salon generally takes well in excess of £3000 per week on a profitable basis and a summary of the financial details is given below. The salon is now reluctantly offered for sale due to other business/lifestyle opportunities available now to the vendor.
Suppliers: The beneficial arrangements with its suppliers of all branded products used in the salon will be transferred to the purchasers as required. The business maintains a healthy stock level of these products for retail sales and in-house treatments and will be flexible as to whether or not this is transferred with the business.
Client Base: The business has a large database of regular and previous clients and the clientele is a mixture of local residents and others who travel to the salon from within the region. Many of the clients visit the salon on a regular basis.
Hand Over: The vendor recognises that her presence in the salon during a hand over period may be vital to a smooth transfer of the business and is flexible as to how this will be best achieved.
Our Opinion: The owners have made considerable investment in high quality fixtures and fittings and equipment. An impressive inventory is fully owned by the business and included in the sale. The business enjoys a strong and sustainable turn-over and profit line with potential for further development and is operating from a healthy financial position which will stand a purchaser in good stead for future development. Accounts are available for viewing after initial interest has been registered and meeting with the owner. These show excellent turn-over and profit levels for a hair and beauty salon.
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