Thriving Unisex Hair Salon, Middlesex
Price:
Leasehold - £59,950
Location:
Middlesex , Enfield
Business Type:
Service Businesses
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 £52,000 with a net profit of £15,000 (see financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an individual or couple.
- Business enjoys superb local reputation.
- The concern provides a unisex hair cutting and coloring service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well established Hair Salon which has been established since 1966. The business has been in the hands of the current owner since 2003 and she now wishes to sell due to relocation.
Services
This very good business opportunity provides unisex hair cutting and coloring.
Staffing
The concern employs 4 part time and 1 full time members of staff.
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.
Market
The client base consists of locals and regular clients.
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 times.
• Becoming more efficient with staffing levels.
• 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.
The present annual turnover is £52,000 with a gross profit of £41,000 and a net profit of £15,000. The wages are £27,500. The present value of the stock is £1,500.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 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 the Enfield area of Middlesex.
- Prominent location on main arterial road
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A10.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 5 years with 2 years remaining. The rent is £6,500 pa with a review in 3. The lease may be renewable or negotiable for longer term if required.
Tuesday to Thursday: 09.00am to 5.30pm
Friday: 09.00am to 6.30pm
Saturday: 08.00am – 4.30pm.
North Yorkshire
£ 750,000
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