LEASEHOLD HAIR SALON, OXFORD
Price:
Leasehold - £55,000
Business Type:
Service Businesses
The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £60,000 with a net profit of £22,800. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because workload and time constraints. .
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.
Phoenix Business Transfer Agents are delighted to place onto the market this hair salon which has been in the owners possession since January 2007. He now wish to sell due to him wanting to move back home.
This very good business opportunity provides hair and beard trimming / cutting as well as shaving.
The concern employs one full-time member of staff and one part-time member of staff.
The owners’ role is very hands on and he works full time.
The owner markets the business in the yellow pages with a small amount of local advertising.
As far as competition is concerned there is another hair salon just down the road however, they tend to concentrate on women’s styling only.
The client base consists of men and women of all ages and from all backgrounds.
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 opening hours to include opening later during the week
• Increasing the product line to include women’s hair products as well as women’s beauty and styling
• With the introduction of a website and e-commerce.
• Increase in prices
The owner would be available for a business familiarisation period of one week 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.
Financial Details
The turnover for 2008 was £60,000 and a net profit of £22,800. The present value of the stock is £250 and the fixtures fittings and equipment are worth £5,000.The potential turnover of the business within the next 2 years is forecast to reach £90,000+ 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.
This superb business opportunity is situated in Littlemore, Oxford, Oxfordshire. It Is just off a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The original length of the lease was 5 years with 3 years remaining. The rent is £7,200 per annum.
The business operates Monday, Wednesday and Friday 9:00am – 6:00pm, Thursday 9:00am – 7:00pm and Sat
North Yorkshire
£ 750,000
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