Leasehold Hairdressers in a Historic Market Town Centre in Herefordshire

Price:

Leasehold - £49,950

Turnover:

Seller Ref:

2426

Location:

Herefordshire

Business Type:

Service Businesses

See Other:

Hairdressers salons for sale in Herefordshire
Service businesses for sale in Herefordshire

Description:

THE BUSINESS:

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £50,000 pa with a net profit of £9,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- A concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Ladies and Gents Hairdressing.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Hairdressers which has been established since 2001. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to family commitments.

Services
This very good business opportunity provides Ladies and Gents Hairdressing.

Staffing
The concern employs 1 full-time member of staff. The wages are £7,020.

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
As far as competition is concerned there are five other similar business within this busy town centre area.

Market
The client base consists mainly 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 opening hours to include Monday trading.
• Increasing the services to include beauty treatments.
• Increase the staffing levels to improve the volume of business.
• With the introduction of a website.
• .

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.

Lease Terms:

The current lease is on a rolling agreement. The rent is £5,220 pa. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge

Trading Hours:

Tuesday to Saturday: 9.15am – 6pm Sunday and Monday: Closed