Unisex Hair Salon with Excellent Profits and Scope
Price:
Leasehold - £60,000
Business Type:
Service Businesses
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and profitable hairdressing business.
Founded by the vendor over 26 years ago, the business is only now being reluctantly offered for sale to enable her to retire.
The business has an enviable local reputation with a high repeat and referral trade from her loyal customers achieved over many years.
The salon has a great ambience created by its modern setting and good presentation which help in producing a feel good factor within the salon.
The salon has 9 work stations, 3 back wash and 3 wall hung dryers, 2 of which are climazone.
The salon employs 4 full time and 2 part time staff, of which 2 full time and one part time are stylists. The 2 part time staff work a total of 24 hours per week. In the year to January 2009, they achieved net annual sales of circa £130,475 with a gross profit of £77,817 (after wages and materials). Overheads are low, thus producing a very satisfactory net profit.
The salon also now rents out an area which is being used as a nail bar for
£75 per week with both businesses complementing one another.
We are advised that stock at cost is approximately £2,000.
EXPANSION POTENTIAL
This is already a very successful and profitable salon, it does however, still offer excellent scope to increase both sales and profits in the near future by:
1. Employing another stylist
2. Opening on Sunday’s
3. Having more late night openings
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
Our client operates her salon from high visibility premises situated on a very busy main arterial road, amongst many complementary businesses on a popular parade, who all contribute in attracting high footfall levels to the area.
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 10 years
Review every: 3 years
Rent: £15,000
We are advised that the annual business rates are currently: £1,300
Mon-Thurs: 9am – 6pm
Fri: 9am – 7pm
Sat: 9am – 6pm
BUSINESS PREMISES
Very well presented ground floor and terraced lock up premises with alarm, briefly comprising of:
Ground Floor
• Centre door opening from pavement into the salon
• Reception desk
• 9 work stations, 3 back wash, nail bar (rented out), 3 wall hung dryers of which 2 are climazone
• Rear kitchen with stores
• w/c
• further rear stores
• back exit with 1 car parking space
First floor apartment above the salon is available by separate negotiation.
North Yorkshire
£ 750,000
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