Unisex Hairdressers with a 3 Bedroom Flat
Price:
Leasehold - £36,995
Business Type:
Service Businesses
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £74,000 with a gross profit of £65,711 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Unisex Hairdressers with a 3 bedroom flat which has been established since 1970. The business has been in the hands of the current owner since 1980 and now wishes to sell due to retirement.
Staffing
The concern employs 2 full-time and 1 part-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.
Competition
There is no local competition.
Market
The client base consists of local and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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, part of a parade of shops and is approximately 30 ft x 16 ft. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled with 6 work stations. It is very well presented and very conveniently laid out.
There are customer toilets.
To the rear is a store room and staff area.
FIRST FLOOR
On the first floor there is a 3 bedroom flat with a kitchen, diner, large living room, bathroom and a toilet.
EXTERNAL
To the rear, there is parking for 4 cars.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £12,000.
FINANCIAL DETAILS
The present annual turnover is £74,672 with a gross profit of 88%. The wages are £34,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £105,000 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 Sidcup area in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops within the local shopping centre.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a 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.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 20 years with 1 years remaining. The rent is £16,640 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,000.
Monday to Saturday: 9.00 am – 6.00 pm.
Thursday: 11.00 am – 8.00 pm.
Sunday: Closed.
On the first floor there is a 3 bedroom flat with a kitchen, diner, large living room, bathroom and a toilet.
North Yorkshire
£ 750,000
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