Leasehold Hairdressers with Holistic & Sports Therapies in Luton PRICE REDU
Price:
Leasehold - £35,000
Location:
Bedfordshire, Luton
Business Type:
Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £30,000 pa with a net profit of £5,000. (See financial summary below).
- A business with great potential which has not been exploited because of a lack of marketing and advertising.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an experienced hairdresser.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides unisex hairdressing as well as holistic and sports therapies.
- Includes a wide range of beauty therapies.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold hairdresser’s salon which is a long established business. The current owner now wishes to sell due to retirement.
Services
This very good business opportunity provides unisex hairdressing as well as holistic and sports therapies and a wide range of beauty therapies.
Staffing
The concern employs three part-time staff and one Saturday Girl.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there are other similar businesses in the area.
Market
The client base consists of mainly local customers with some passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £32,000 and a net profit of £5,000. The wages are £5.50 ph. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £80,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Leagrave area of Luton in Bedfordshire.
- Prominent location on main arterial road.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the M1, A6, A505 and A5228.
- Dunstable, Leighton Buzzard, Hitchin and Stevenage all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 9 years with 7 months remaining. The rent and rates combined is £11,500 pa with a review in December 2011. The lease may be renewable or negotiable for longer term if required.
Monday to Wednesday: 9am to 5pm
Thursday to Friday: 9am to 7pm
Saturday: 9am to 4pm
Sunday: Close
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