QUALITY LEASEHOLD HAIR SALON RUSHDEN
Price:
Leasehold - £95,000
Location:
Northamptonshire , Rushden
Business Type:
Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal and regular clientele.
- Fully equipped business with 4 workstations with favorable lease terms (see below).
- Turnover in excess of £62,000 with a net profit of £30,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has personal issues.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a unisex hair styling service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this quality hair salon for sale in Rushden, Northamptonshire which has been established since 2007. The business has been in the hands of the current owner since inception and he now wishes to sell due to re location.
Services
This very good business opportunity provides a unisex hair styling service.
Staffing
The concern employs 2 full time stylists and the wages are £20,000 pa.
Owners Role
The owner is involved in the day to day running of the business and is a stylist.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition except another salon in the centre.
Market
The client base consists of clients of all ages, sex and range.
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 later opening and Sunday and Monday opening.
• Increasing the product line to include beauty treatments and also more retail 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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 35ft x 50 ft. The front is branded with an attractive double glass front. The main customer service area is wooden with 4 work stations. It is very well presented with a modern feel and it is very spacious.
To the rear there is a large store room with the usual staff facilities.
Financial Details
The present annual turnover is £62,000 with a gross profit of 90% and a net profit of £30,000. The wages are £20,000. The present value of the stock is £3,000 including colours and retail stock.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Town Centre area of Rushden in Northamptonshire.
- Prominent location on High Street.
- Part of a large parade of shops forming the main shopping area of the town.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Large Asda store 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 5 years with 4 years remaining. The rent is £7,992 pa with a review in 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £600.
Sunday & Monday: Closed
Tuesday: 9 am – 5 pm
Wednesday: 9 am – 8 pm
Thursday: 9 am – 6 pm
Friday
North Yorkshire
£ 750,000
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