Hairdressers Salons for sale in Southampton

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Ian McGregor (Nov 2013)
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Leasehold Price: £69,950 Price Reduced Turnover: £36,785 Gross Profit: £33,305
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Business Description
BUSINESS

  

Hilton Smythe is delighted to welcome to the market this well-established and busy ladies and gents hair styling business, ideally located within the village of Hamble, Hampshire.

The business was originally established in the 1980s and has been in our client’s careful ownership since 2005. Only now is the business being offered to the market due to our client’s desire for semi-retirement. The business currently operates 5 days per week and generates according to 2015 accounts generated a turnover of £36,785, with a gross profit of approximately 90%.

Our client offers a variety of ladies and gents hairdressing services including colourings, foils, perms, hair extensions and wedding/prom night styling, as well as a manicure service. The property boasts approximately 43 sq. metres of floor space with six ladies styling station and one gents styling station to the ground floor and a two-bedroom flat to the first floor currently yielding a rental income of £650 per month.

The property is very well maintained, decorated to a high standard throughout and fitted out to suit the trade.

The business has built up an enviable reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening the salon on Mondays. A new owner could also embark on a modest marketing campaign to promote the business. There is also scope to introduce additional beauty treatments, such as facials. The business already has an informative website in place at www.clipperofhumbleweekly.co.uk, as well as having a page on the popular social media site Facebook.

This is an excellent opportunity for a new owner to take this already thriving and popular hair salon to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Clippers of Hamble and AJs Barbers occupies substantial two-storey, corner premises, ideally located within the quaint village of Hamble-le-Rice in Hampshire. The business is situated within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from excellent free car parking facilities to the front of the premises. The area of the business is being developed and has received planning permission for more houses to be built within the vicinity.

Hamble-le-Rice is a village and civil parish in the Borough of Eastleigh, Hampshire. it is best known for being an aircraft training centre during the Second World War and is a very popular yachting location. The village is a popular tourist destination with its quaint cobbled streets, which offer alternative shopping and dining experiences. Visitors can sit and watch boats cruise along the river from one of the many pubs and restaurants.

The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. Hamble railway station is just over half a mile away. The area is also well served by the A-roads, with the A27 and A3024 being within easy driving distance, which link to the national A-road and motorway networks. Fareham is approximately 12½ miles away and Southampton is 6 miles away.

PREMISES
Substantial two-storey, corner premises in an ideal trading location, briefly comprising:

Ground floor:

Reception desk with EPOS cash register.

Clippers with:

6 x styling stations.

2 x backwashes.

4 x hairdryers.

Nail bar.

Waiting area.

Gas heater.

AJs:

Waiting area.

Styling station.

Gas heater.

Store room with CCTV equipment and safe.

Utility room with plumbing for washing machine and dryer.

Owners accommodation:

Ground floor.

Separate entrance to flat.

Kitchen.

Stairs to first floor.

First floor:

Lounge.

Bathroom.

2 x bedrooms.

External:

Well signed.

Communal garden, which is laid to lawn.

The property boasts CCTV and is fully alarmed.

TENURE
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 3 years, as of May 2016

Rent: £11,000 per annum

HOURS
The business is open:

Monday: Closed

Tuesday – Thursday: 9.00am – 6.00pm

Friday: 9.00am – 7.00pm

Saturday: 8.30am – 4.00pm

Sunday: Closed

STAFF
The business is owner run and managed with 6 x staff members.

FINANCIAL PROFILE
According to 2015 accounts generated a turnover of £36,785, with a gross profit of approximately 90%.



Tenure: Leasehold

Listed by: Hilton Smythe
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