LEASEHOLD HAIR SALON IN WESTON-SUPER-MARE WITH NO COMPETITION PRICE REDUCED
Price:
Leasehold - £116,000
Location:
Somerset , Weston Super Mare
Business Type:
Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £120,000 with a net profit of £22,589. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for another salon looking to increase their portfolio.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides ladies and gentleman’s hairdressing, spray tan and a good range of beauty products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Hair Salon which has been established since 2005. The business has been in the hands of the current owner since 2005 and she now wishes to sell due to family commitments.
Services
This very good business opportunity provides and gentleman’s hairdressing, spray tan and a good range of beauty products.
Staffing
The concern employs 4 full-time and 3 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local residents.
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 a larger range of beauty products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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.
The present annual turnover is £123,826 and a net profit of £22,589. The wages are £4,000 pm. The present value of the stock is £3,500.
The potential turnover of the business within the next 2 years is forecast to reach £185,000 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.
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.
- Situated in a busy shopping area of Weston-Super-Mare in North Somerset.
- Part of a parade of shops with Tescos and Lloyds Pharmacy present and helping to drive footfall.
- Excellent and extensive free parking facilities.
- 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.
- A commercially thriving area.
- Well linked with the M5 and A370.
- Bristol, Devon and Cornwall all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 4 years remaining. The rent is £14,400 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £1,074.
Monday: 9am to 1pm
Tuesday to Wednesday: 9am to 6pm
Thursday: 9am to 8pm
Friday: 9am to 7pm
Sat
North Yorkshire
£ 750,000
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