F/H Hairdressing Salon Price Reduced
Price:
Freehold - £285,000
Location:
Gloucestershire
Business Type:
Service Businesses
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and popular freehold unisex hairdressing salon with attached 3 bedroom family home.
Founded over 40 years ago and in the proud hands of the current vendor for 22 years, the business is only now being reluctantly offered for sale as she and her husband are planning to immigrate to Spain.
The salon has an excellent local reputation with a high repeat and referral trade drawn from the local area and its surrounding villages.
The salon, which is unisex, offers all the standard cuts and trims as well as highlights, tints, bleaching and perms.
Trade is approximately 40% gents and 60% ladies and with a large age spread from young school children to pensioners. Its work is very competitively priced and is well below that charged by the larger town centre establishments.
The premises are very well presented throughout and a new buyer would have no work to do whatsoever on takeover.
The vendor currently works alone in the business, which ensures overheads are kept to a minimum, resulting in excellent net profits being achieved on a consistent basis.
We are advised that stock at cost is approximately £600.
This is a very well run salon with excellent potential, good net profits and is an ideal first business with a solid foundation and would be perfect for an experienced stylist.
REF: 9356GL
EXPANSION POTENTIAL
Our client clearly has a very successful business, it does however, still offer excellent scope to increase both sales and profits by:
1. Increasing the low process currently charged
2. Open longer on a Saturday and/or on a Monday
3. Advertising/leaflet drops in the nearby villages
4. renting out a chair
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £50,819
Gross Profit: £47,241
Adj. Net Profit:
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
Please complete the attached confidentiality agreement to ensure a prompt response to your enquiry
Disclaimer:
Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.
N/B:
All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
The salon has an ideal unopposed trading location on a busy arterial road of an affluent village in rural Gloucestershire. The area is predominantly residential, although there are 3 nearby schools and the village also has a post office, fish and chip shop, butchers and a petrol station. Parking is free of charge on street with no time limits.
Nearby towns include Monmouth, Drybrook, Lydbrook and Marstow.
Mon: closed
Tues – Fri: 8.30am – 7pm
Sat: 7.30am – 1pm
BUSINESS PREMISES
The premises, which are very well presented throughout, is a home as well as a business and briefly comprises:
Ground Floor
• Entry from pavement into lobby area with salon on the left. 3 work stations, 3 free standing dryers, 1 backwash, reception desk, 2 comfy tub chairs, rear stock room and w/c with washing machine and tumble dryer
• UPVC double glazed window to the front elevation with vertical blinds, ceiling spot lights, non slip flooring. The salon is metered separately to the private accommodation.
• Kitchen on the ground floor, benefiting fro UPVC double glazed windows to both the front and rear elevations and door to the rear yard, ceiling spot lights, exposed beam, built in wall unit, wall mounted dual tv and dvd player, heating boiler, washing machine, dishwasher, double oven and grill, single sink and drainer, range of attractive base and wall storage units.
First Floor
• Lounge with UPVC double glazed window, electric fire and surround, 3 wa
UK Non-Specific
£ 800,000
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