HAIR SALON/WIG & HAIR PIECE SPECIALISTS - TYNE & WEAR

Price:

Leasehold - £25,000

Seller Ref:

2593

Location:

Tyne and Wear , Newcastle Upon Tyne

Business Type:

Service Businesses

See Other:

Hairdressers salons for sale in Tyne and Wear
Service businesses for sale in Tyne and Wear

Description:

THE BUSINESS:

HAIR SALON/WIG & HAIR PIECE SPECIALISTS - TYNE & WEAR
Wonderful city centre location in Newcastle Upon Tyne
Owner prepared to train up any prospective purchaser
Turnover of £70,000pa with good gross profits
Spacious open plan basement premises
Outstanding reputation with clients
Early viewing is strongly advised
Scope for further development
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this superb hair salon and specialist wig and hair piece business which has been established since 1960 and has been in the capable hands of our client for the previous 27 years. The only reason this wonderful business is being offered to the market is due to our clients desire to take a well deserved retirement. Since owning the business our client has built up a wonderful reputation and her business is known throughout the country in particular for the wig and hair piece side to the business. We are advised of an annual turnover of £70,000 with good gross profits which is derived from hair dressing and the sale of associated products and the more specialist wig and hair piece side of the business. The business benefits from a high percentage of repeat and regular customers and due to its fabulous city centre location has a very healthy passing trade. The business has great potential to further increase turnover and a more aggressive marketing strategy would almost certainly be of benefit. Our client has also offered to stay on in the business for a transitional period in order to train up any prospective purchaser on the more specialist side of the business. This is a rare opportunity to purchase a thriving business in a superb city centre location with an outstanding long established reputation and as such early viewing is strongly recommended as this business is not to be missed.

Location Details:

This superb hairdressing salon and specialist wig and hair piece provider is located just off a main road in the city centre of Newcastle upon Tyne. The business enjoys a wonderful high footfall trading location on a main bus route and is only 150 yards from the Metro station. Situated in what is widely regarded as the affluent part of the city the business is also located within easy reach of 3 University campuses. Newcastle is a city and metropolitan borough of Tyne and Wear in northeast England, situated on the banks of the River Tyne it was once famous for its ship building the city is now known as a cultural centre and is in particularly famous for its popular Premiership football team Newcastle United. Newcastle upon Tyne is reached easily, major routes in the area include the A1, A69 and A167, the area has exceptional rail links and is served well by all major city centre facilities.

Lease Terms:

Leasehold Original length: 12 years Remaining: 21 months Review: Every 3 months Rent: £15,000pa

Trading Hours:

Mid terraced city centre location in spacious basement location briefly comprising: Basement Off

Accommodation:

Mid terraced city centre location in spacious basement location briefly comprising: Basement Off main road is a small stairway to secure entrance leading to open plan salon with reception desk on entry, rear of reception is a cloakroom facility, 6-7 cutting stations, 2x backwashes, 1x front wash, feature lighting and well presented throughout, left of entry secure access to spacious wig consultation and fitting room, rear of shop access to staff tea and coffee making facilities and small stairs from rear of unit leading to ground floor. Ground Floor 2x shared indoor toilet facilities and access to rear yard. External Communal rear yard.