Beauty Salons for sale in Leicester

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £65,000 Price Reduced Turnover: £82,000 Gross Profit: £72,811
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy hair, health and beauty salon in Leicester. The business was established by our clients in 1989 and is only now being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £82,000 per annum, with a gross profit of approximately 89%.

Our clients offer a wide range of hair and beauty services including unisex hair styling, colouring techniques, perming, microdermabrasion, manicures, pedicures, sun beds and waxing to name a few. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout, boasting six hairdressing work stations, three back washes and seven beauty treatment rooms to the second floor.

The business has built up an excellent reputation within the city for the high quality services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a small marketing campaign to highlight the business and the services offered. The business already has an excellent website in place at www.toptotoe.co.uk.

This is an excellent opportunity for a new owner to acquire a busy hair and beauty salon in a prime trading location; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Top to Toe occupies substantial first and second floor premises, ideally located on the very busy Halford Street within the City of Leicester, Leicestershire. The business is surrounded a wealth of complimentary shops and businesses, including many big high street names, therefore benefitting from a very high volume of footfall and passing trade. The business further benefits from public parking facilities within the area.

Leicester is a city in the East Midlands and lies on the River Soar at the edge of the National Forest. According to the 2011 census, the population of the wider Leicester urban area was 509,000, making it the tenth largest city in the United Kingdom. There are ten scheduled monuments in Leicester and thirteen grade I listed buildings.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. Leicester railway station is just over five minutes walk away. The area also has excellent transport links with the A594 being within easy driving distance, which link to the national A-road and motorway networks. Loughborough is approximately 12½ miles away and Coventry is 25½ miles away.

PREMISES
First and second floor premises, briefly comprising:

Ground floor:

Access from main street leading to staircase to first floor.

First floor:

Secure access main door.

Reception desk and waiting area with sofa and coffee table.

6 x hairdressing work stations.

3 x backwashes.

WC.

Office.

Stock cupboard.

Stairs to second floor.

Second floor:

Large open plan area.

7 x fully equipped beauty treatment rooms.

Staff room.

WC with shower.

Equipment included:

2 x laser machines.

Facelift machine.

Tanning booth.

Sun shower.

External with:

Street frontage access door.

Well signed.

TENURE
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 6 years

Review every: 5 years

Rent: £12,500 per annum

HOURS
The business is open:

Monday –Friday: 9.00am – 6.00pm

Saturday: 9.00am – 5.00pm

Sunday: Closed

STAFF
The business is owner run and managed with 3 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £82,000 per annum, with a gross profit of approximately 89%.



Tenure: Leasehold

Listed by: Hilton Smythe
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