LEASEHOLD UNISEX HAIR & BEAUTY SALON, GLASGOW
Price:
Leasehold - £35,000
Location:
Scotland, Glasgow
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 £25,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because of 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 unisex hair and beauty salon which has been established since 2006. The business has been in the hands of the current owner since that time she now wishes to sell due to a change of direction.
This very good business opportunity provides unisex hair and beauty treatments, as well as tanning .
The concern employs 3 staff (including vendor)
The owners’ role is quite hands on and she works full time.
The owner markets the business by word of mouth.
As far as competition is concerned there is nothing in the immediate area of proximity with regards to its position on Shettleston Road.
The client base consists of males and females of all ages and 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 Sundays or Mondays
• With the introduction of a website and e-commerce.
• Modernizing and updating the sales area.
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 with a net profit of £25,000.
The potential turnover of the business within the next 2 years is forecast to reach £80,000 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.
Property Details
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There are manual shutters also in place. The main customer service area is tiled with work stations and seating to the walls. It is very well presented and is very conveniently laid out.
To the rear are two good sized treatment rooms as well as toilet facilities.
Equipment with sale
All fixtures and fittings and equipment are included in the sales price.
External
To the front there is Shettleston Road.
This superb business opportunity is situated in the City of Glasgow .It is on 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. A new housing estate is also currently under construction in the area.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers
The location is well linked with the Shettleston and Carntyne railway stations close by, as well as the M8 providing links towards Edinburgh and; the M74 providing links south. The business has clientele from a 15 mile radius. The locale offers a good lifestyle opportunity.
The original length of the lease was 5 years with 2.5 years remaining. The rent is £2,880 per annum.
The business operates from Tuesday to Saturday between 9:00am and 5:00pm. On Thursdays the hours are
UK Non-Specific
£ 160,000
UK Non-Specific
£ 800,000
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