Hilton Smythe welcomes to the market The Salon (North East) Ltd. This hair salon was originally established in 2008 but was taken over by our client in 2011. The owner is now looking to sell the business due to the desire to relocate.
The salon runs as the go to hair dressers in the town of Northallerton. This is a popular salon that receives a generous amount of repeat loyal trade. The business offers a fantastic variety of services for great prices.
The business generates a healthy turnover of £37,000 with a gross profit of around 80% as per 2015 accounts. This is a great turnover that could be increased. The new owner could look to extend opening hours, this will allow for more custom. There are currently two stylist working at the business increasing staff would also maximise the amount of customers the salon sees each day.
On the second floor of the premise there is a new beauty salon. This is separate from the hair salon and is not included in the sale. This beauty salon allows for more footfall to the building and both businesses complement each other well.
This would make an exceptional first time purchase and could also make a great bolt-on business for the more experienced owner. This is a fantastic opportunity that should not be missed. The sale includes all equipment, diaries and contact details for clients. Hilton Smythe highly advise early viewing in order to take in the full potential of this ready to run hair salon.
The Salon (North East) Ltd is located in Northallerton, North Yorkshire.
This business is situated on a retail parade of stores. There are a massive variety of local and national retailers close by. There are cafes, sandwich shops, pubs, restaurants, a bakery, post office, Argos, Wilko’s and much more. Along the road is bay parking allowing for customers to easily call in. There is also a large Tesco car park close by with 3 hours free parking.
This is a bustling town centre that receives a generous amount of footfall.
The road on which the salon is located, is an arterial road that runs from Darlington through to Thirsk. These towns are an easy commute using the public transport. The closest train station is just a short 5 minute walk away. Darlington is then just a short 15 minute journey.
The business is situated on the first floor of a large building. There is an entrance door on the main street which is well signed.
Stairs lead to the reception area, with an electronic sensor to notify a client’s arrival.
Through from reception, to the left, is a kitchen area with toilet. To the right of reception is the entrance into the main salon area. This is a well-lit area, with 2 cutting stations across the wall and 2 backwash sinks in the centre of the room. Off from this is a separate cutting room with one station and again another cutting room with a further 2 stations. This leads back out to the main corridor with access to the reception.
Further round from the cutting rooms is the owner’s office and access to the second floor beauty salon (not included in the sale) and an emergency exit.
Equipment included in the sale is as follows-
A high standard of equipment
Fixtures and fittings throughout
Including all chairs
Office furniture and equipment
The property is well-presented and has been complete to a high standard.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 6 years
Remaining lease length: Just over 1 year as of 2016.
Rent: £85 per week
The business opening hours-
Wednesday: 9am – 3pm
Thursday: 9am – 7pm
Friday: 9am – 5:30pm
Saturday: 9am – 3pm
The business is run and managed by our client with the help of one stylist and an assistant.
The business generates a turnover in the region of £37,000.
Gross profit 80% as per 2015 accounts
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