Hilton Smythe is delighted to welcome to the market this well established and busy male grooming and hair salon in Chadderton, Greater Manchester.
The business was established by our clients in 2010 and is only now being offered to the market due to our clients’ other business commitments. The business operates 5 days per week and generates a turnover in the region of £73,000 per annum, with a gross profit of approximately 91% as of the 2015 accounts.
Our clients offer a variety of male grooming services including hair cutting and styling, luxury hot towel shaves, beard shaping, facials and teeth whitening, as well as a range of grooming products and packages.
The property boasts a large salon area to the ground floor with six styling stations and a backwash, as well as a VIP room to the rear of the building. The first floor is currently a tattoo studio, which is let on a rolling lease and generates £120 per week, there is also a beauty room, which could potentially yield £150 per week and a hairdressing room, which will generate £150 per week.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Mondays, as the business is currently closed on that day. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. The grooming salon already has an informative website in place to promote the business at www.planetmangrooming.co.uk
This is an excellent opportunity for a new owner to take this popular and busy male grooming salon to the next level; therefore early viewing must come highly recommended to avoid disappointed.
Planet Man occupies substantial two storey premises, ideally located within the town of Chadderton in Greater Manchester. The property is situated within a small parade of complementary businesses and benefits from a very high volume of footfall and passing trade. The business further benefits from free on-street parking within the area.
Chadderton is a town in the Metropolitan Borough of Oldham and it lies along the course of the River Irk and the Rochdale Canal. According to the 2011 census, the town had a residential population of 34,818. Chadderton is a popular place in which to live and work, due to its close proximity to Manchester, Oldham and Rochdale.
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 at Moston, which is approximately 1½ miles away. The area is also well served by the A-roads, with the A663 within easy driving distance and the M60 motorway just half a mile away, which links to the national A-road and motorway networks, Manchester city centre is approximately 6 miles away, Oldham is 2½ miles away and Rochdale is 6½ miles away.
Substantial two storey premises in an ideal trading location, briefly comprising:
Double fronted salon.
Main salon area with 6 x grooming stations and a backwash.
VIP room with a grooming station.
Staff and customer WC.
Tattoo studio let out on a rolling lease, generating £120 per week.
Beauty room, which could potentially yield £150 per week.
Hairdressing room, which will generate £150 per week.
Online booking system.
Large yard to rear with parking for two vehicles and parking to side of shop for six vehicles.
We are advised Leasehold:
Original lease length: 7 years
Remaining lease length: 7 years
Review every: 3 years
The business is open:
Tuesday – Wednesday: 10.00am – 5.30pm
Thursday: 10.00am – 7.00pm
Friday: 10.00am – 5.30pm
Saturday: 9.00am – 2.00pm
The business is owner run and managed with 3 x staff members.
The business generates a turnover in the region of £73,000 per annum, with a gross profit of approximately 86%, as of the 2015 accounts.
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