Hilton Smythe is delighted to welcome to the market this well-established and popular tanning & beauty salon in Dudley, West Midlands. The business was established by our client in 2004 and is only now being offered to the market due to our client`s desire to re-locate. The business operates 6 days per week and generates a turnover in the region of £109,271 per annum, with a gross profit of approximately 80% as per 2015 accounts.
Our client offers a wide range of services including tanning beds, spray tanning, nails and waxing. The business has an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base with a vast amount of repeat trade, as well as word of mouth referrals. The premises are presented to a very high standard throughout and boasts a first floor, which is currently underused as a store room, but could easily be converted to more beauty treatment rooms or even a hair styling salon.
We feel the turnover could be increased by embarking on a small marketing campaign to highlight the services offered. A new owner could also launch a website to promote the business. This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended.
Exposure Tanning & Beauty Salon occupies substantial two-storey premises, in a prime trading location in Dudley, West Midlands. The business is ideally located on a busy shopping street within the town and therefore benefits from a vast amount of footfall and passing trade. The business is surrounded by a wealth of complimentary shops and businesses. There are several large densely populated residential areas within close proximity to the premises, from which the business derives much of its trade. According to the 2011 census, Dudley has a population of approximately 79,379 residents, making it the second largest town in the Black Country.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 2½ miles away at Dudley Port. The area is also well served by the A-roads, with the A461 and A4123 both within easy driving distance of the property, which link to the vast A-road and motorway networks. West Bromwich is approximately 5 miles away and Birmingham is 16½ miles away.
Mid-parade, two-storey premises, briefly comprising:
Reception area with reception desk and seating area.
3 x nail bars.
UVA intensive XG upright tanning booth.
3 x upright tanning rooms.
Spray tan room with booth and extraction system.
To the rear:
2 x rooms with WCs.
Large room with laminate flooring (previously a hair salon).
The first floor is currently being used as a storage area but could easily be converted to further tanning/beauty rooms or a hair salon.
2 x parking spaces to rear
We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 5 years
Review every: 5 years
Rent: £1,560 per month
The business is open:
Monday – Friday: 10.00am – 7.00pm
Saturday: 10.00am – 5.00pm
The business is owner run and managed with 2 x self-employed staff and 1 x full time staff member.
The business generates a turnover in the region of £109,271 per annum, with a gross profit of approximately 80% as per 2015 accounts.
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