Hilton Smythe are delighted to welcome to the market Red Hair & Beauty. This popular hair and beauty salon was established in 2007 by our client, with the business genuinely coming to the market due to our clients other business interests.
With an advised turnover of £89,000 per annum, and a high gross profit of 86%. This business is thriving in the area and has a very loyal client base with many word of mouth recommendations. We believe the business could benefit from more advertising, to bring in more custom from further afield.
The business has a fantastic website http://www.redhaircompany.co.uk which shows all the information and the comprehensive services that the business provides. Staff are fully trained and specialise in many fields including wedding hairstyling, full body waxing, nail art and blowdry’s. The business offers beauty packages and a loyalty card scheme, proving very popular. Senior citizens receive a discount of 20% on specified days, this entices clients to come back.
The salon is immaculate throughout, very stylish with modern furnishings and fittings with cutting edge equipment, with the further benefit of low overheads.
This is a fantastic turnkey opportunity in a brilliant location and we highly advise early viewing to avoid disappointment.
Red Hair & Beauty is a stylish salon which is in Penwortham Preston.
This great beauty salon stands out from the other businesses in the area with the bright modern sign. The area is a mixture of residential homes and commercial premises from which the business derives most of its trade. Approximately 2 minutes away from Preston city centre this area benefits from heavy footfall and good passing trade.
The business is located on Priory Lane, adjoining is the arterial Liverpool Road A59, which links Penwortham to major towns like Preston, Blackpool and Southport. The business benefits from lying on major bus routes with a constant flow of busses passing running past the salon.
The property is a corner single fronted property, very attractive with modern signage highly visible to passing trade.
The front door leads though to the well decorated main salon. The left hand side of the room has 5 hairdressing stations, to the rear is a backwash area. There is also a separate beauty treatment room at the back of the salon. The nail station is also to the rear of the salon
A corridor leads through to a small kitchen/utility room which is used by staff. Equipment included in the sale is as follows-
5 hairdressing station
Reception area with computer and an electronic appointment system
The property currently does not have CCTV or an alarm system but this could be fitted. The windows are fully double glazed. At the back of the property is a small yard which is shared. There is also shared parking to the back of the property for approximately 4 cars, and street parking is available at the front of the premises.
We are advised that the business is Leasehold
Original lease length 6 years
Remaining length of lease 4 years
Review period 3 years
Rent £6,800 per annum
Business opening times-
The business is run and managed by our client with the help of 5 members of staff.
We are advised the turnover for the business is around £89,000 per annum
With a gross profit of 86%
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