Hilton Smythe is delighted to welcome to the market Mason`s Hair. The business was originally established by our client in 2010, who is now looking to sell the successful business due to the desire to focus on other business interests.
The salon runs as a ladies and gent’s hair dressers. The business does also have a beauty therapy room from where they offer, waxing and other beauty treatments. We are advised the current turnover, according to the 2014 accounts are in the region of £57,000 per annum, with a gross profit of 90%.
Although this is a profitable business with a great turnover we feel this could be increased by recruiting more stylists to work at the store. There are 5 hair stations but only 3 current stylists. Two of the stylists are self-employed with a 60/40 split on men’s hair and 50/50 on ladies.
We are advised that the beauty room is rented out for £100 per week. This is a great extra income for the owner.
The salon thrives from its high street location as there is always a generous amount of passing trade. The business boasts repeat loyal trade from the locals. The business has a Facebook page which has over 150 followers this is used to post work that has been done, any promotional offers and latest news at the salon. The page attracts new custom and repeat clientele.
This is a great opportunity for a first time buyer with experience in the trade. Hilton Smythe advise early viewing to avoid disappointment.
Mason`s Hair is located in Bournemouth, Dorset.
Bournemouth is a large coastal resort town in the ceremonial county of Dorset. This is a well-known tourist town with 7 miles of golden sands. The business is situated just out of the main town centre, however is amongst a generous amount of retail outlets. In the area is a coffee shop, off licence, clothing stores, pubs and much more. Directly outside the premise are parking bays, great for customers to easily call in. This part of the town also benefits from a generous amount of footfall.
The salon is located on Poole Road which is a main road that runs through to Bournemouth coast. Some of this road is part of the A338 which is an arterial road that runs through Poole through Bournemouth into Ringwood. There are several bus stops dotted around the town that have regular routes. Also just a short 5 minute walk away is a train station.
The business boasts a property well suited to the trade. This is a ground floor single fronted premise. The front of the property is well signed with a large sign above the door. There is also a sign that is put at the front.
On entrance is the reception area and seating for awaiting customers. The salon is open plan and long. There are 5 hair stations that are situated to the back of the salon. Further to the back of the premise is the back wash, there are several rooms such as the colour storeroom, treatment room, staff kitchen and toilet.
2 x Three Seater sofas
TV fixed to the wall
2 x Solid wood wall mounted mirrors
Bespoke Julia coffee machine
Wall mounted product display
5 x Leather Belmont chairs
5 x Bespoke work units with fixed driver units
Single back wash
There are 3 parking spaces at the rear of the property for staff and customer parking.
We are advised the business is Leasehold.
Original lease length: 9 years
Left on the lease: 1 year
Review period: 5 years
Rent: £3,300 per quarter
The business is open-
Monday: 9am – 6pm
Tuesday: 9am – 6pm
Wednesday: 9am – 6pm
Thursday: 9am – 7pm
Friday: 9am – 6pm
Saturday: 9am – 6pm
The business is run and managed by our client with the help of 2 self-employed members of staff.
We are advised the current turnover, according to the 2014 accounts are in the region of £57,000 per annum, with a gross profit of 90%.
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