Highly Profitable Leasehold Unisex Hairdresser in Dorset
Price:
Leasehold - £89,000
Business Type:
Service Businesses
The particular highlights of the business are:
- A well established business and the market leader in the area.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £290,000 pa with a net profit of £80,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good, loyal, well trained and highly professional staff.
- A good first time buyers business and ideal purchase for an experienced and up market hairdresser.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a first class service in unisex hair dressing, comprehensive advice and consultation on style, colour, style maintenance, treatments and hair products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Unisex Hairdressers which has been established since 1991. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a first class service in unisex hair dressing, comprehensive advice and consultation on style, colour, style maintenance, treatments and hair products.
Staffing
The concern employs 3 full-time and 4 part-time staff. The wages are £78,000.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in the local press, various internet links and has a website.
Competition
As far as competition is concerned there are other similar businesses within the area but this concern has a higher profile and has the reputation of being the market leader.
Market
The client base consists of local residents up to a 10 mile radius.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include beauty therapies.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website to include e-commerce and e-booking.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced, part of a parade of shops and is approximately 800 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
Ground Floor
On the ground floor there is a well presented entrance and reception area.
First Floor
On the first floor leading up from the reception area there are two good sized salons, both approximately 400 sq ft, to the right and left at the top of the stairs.
Second Floor
On the second floor there is a treatment room and office.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £8,000.
Financial Details
The present annual turnover is £300,000 with an impressive net profit of £80,000. The wages are £78,000The present value of the stock is £8,000.
The potential turnover of the business within the next 2 years is forecast to reach £400,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Town Centre area of a Busy and Historic Market Town in Dorset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A31, A350 and A348.
- Bournemouth, Poole and Christchurch all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 23 years with 19 years remaining. The rent is £12,900 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £850 pa.
Monday to Saturday: 8.00am – 5.00pm
Sunday: Closed
North Yorkshire
£ 750,000
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