Thriving Hair and Beauty Lounge
Price:
Leasehold - £129,000
Location:
Hampshire , Waterlooville, Portsmouth
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 £156,000 with a high gross profit of £137,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Hair, Beauty and Spa treatments for both Ladies and Gentlemen.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Hair and Beauty Lounge which has been established since 2010. The business has been in the hands of the current owner since inception and she now wishes to sell due to retirement.
Services
This very good business opportunity provides a full range of Hair, Beauty and Spa Treatments for both Ladies and Gentlemen.
Staffing
The concern employs 5 staff.
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
There is no local competition that offers the same treatment and services.
Market
The client base consists of locals and long team clients.
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.
• Increasing the opening hours to include Sundays.
• Increasing the product line to include sun beds and pedicure fish.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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 £156,000 with a gross profit of 88%. The wages are £900 per week. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £275,000pa 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 Waterlooville area near Portsmouth.
- Prominent location in the main shopping center.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with Portsmouth.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 9 years remaining. The rent is £19,500 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £8500.
Monday 09.00am to 5.00pm, Tuesday 09.00am to 6.00pm, Wednesday 10.00am to 4.00pm, Thursday 08.30am t
|
|
Business Services that may be of Interest:
|
|
|