Hilton Smythe welcomes to the market Head First. The business was originally established by our clients in 1986. The owners are now looking to sell the salon, due to the desire to take a well-deserved retirement.
The business runs as a unisex hair salon offering a range of services, such as cut and blow-dry, colour, trim, tidy ups, hair styling and more. Due to its long establishment, there is an enviable amount of loyal customers; the diary with contacts will be included in the sale.
The turnover is around £33,000 per annum, with a gross profit of 95%. There is potential to increase this figure. In the salon, there is room for a nail bar or additional work station. A nail station is a great way of boosting trade as there is little competition around.
There are currently no staff other than the two owners and with low running costs and rent of £3,000 per annum, there is a high gross profit figure.
This would be a fantastic opportunity for a partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Head First is located in Husbands Bosworth, Lutterworth, Leicestershire.
The salon is situated just off the main road that runs through the village of Husbands Bosworth. This is a residential location; from which the business derives much of its trade. There are several independent businesses around the village, next door there is an café and within close proximity there is a newsagents, bridal store, supermarket, post office and a pub.
Husbands Bosworth is a rural village with a population of over 1,000. This is a close community and the new owners will be highly welcomed. Husbands Bosworth is just 6 miles east of Lutterworth, 14 miles south from Leicester, 46 miles south of Nottingham and 95 miles from London.
The A-road on which the business is just off is the A4304. This road runs from Market Harborough and connects to the M1 at Lutterworth. There is always heavy amounts of footfall and passing trade using this road; this is also a main bus route.
Head First is a semi-detached property. This is a well-presented property that is well signed. At the front of the salon is a double glazed window and door, this allows for a bright interior.
On entrance is the reception desk with seat. To the right are two hair stations with mirrors and shelving. At the back of the room are two backwashes, behind here is a preparation space with sink and cupboards. There is also a seating area with a fixed dryer.
Off the main salon space is a toilet.
This property suits the trade well and looks welcoming. Directly outside is on street parking for customers and staff.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 6 years
Remaining lease length: 3 years as of 2016.
Rent: £3,000 per annum
The business opening hours are to be advised.
The business is run and managed by our clients.
The business generates a turnover in the region of £33,000 per annum.
Gross profit 95%
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