Hairdressers Salons for sale in Tyne and Wear

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Leasehold Price: £35,000 Price Reduced Turnover: £80,000 Gross Profit: £77,500
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market Inspirational Salon Ltd. Originally established in 1998 the business has been a great success over the years. Our client took over the business in 2003, and saw a large increase in clients.

This busy hair salon runs as a hair salon for women, a barbers and a nail bar. Some of the services on offer are spray tans, face lifts, waxing, massages and many more. The salon also has a licence for cosmetic tattoos and piercings. The property is split in to two, one half is the barbers and beauty area, the other is the salon.

Our client is now looking to sell the business due to the desire to focus on other business interests. We are advised the current turnover for the business is £80,000 per annum with a healthy gross profit of 97%

There is scope to increase turnover further. The business is currently open 5 days a week, we feel that this could be massively increased to welcome more clients throughout the day. Opening weekends would target those who work throughout the week.

This salon is fantastic with plenty of space, this area could be used further by starting male treatments. The new owner could look into arranging a wedding package with local venues, this will massively increase trade and popularity. The salon currently offers hair and make up for weddings, meaning there is already knowledge in the area of the business. Each of these suggestions would help boost turnover and would also increase clientel.

The business has a fantastic website http://www.inspirationalsalon.co.uk . This website is included in the sale. On the website there is information on the salon and promotional offers, it also has a price list of products and services.

This salon offers a loyalty scheme for clients on a mobile app. This has the latest promotions and any up and coming offers. There is so much potential for this already successful business. We highly advise early viewing to avoid disappointment for this well equipped salon.

LOCATION
Inspirational Salon Ltd is located in the village of Throckley, Tyne and Wear.

The hair salon is set in a densely populated area, from which the business receives much of its trade. The salon is set amongst a small retail parade on Broomy Hill Road. This road is a fantastic connection that links to the A6085 which connects this area to surrounding motorways. The A6085 travels through to Newcastle Upon Tyne which is approximately 7.5 miles away.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. The salon is in a fantastic area with great connections, benefiting from the high levels of footfall in the area. The business has free parking just outside the property.

PREMISES
This large salon is made up of two shop units.

The main salon is well laid out with a fantastic modern finish. In the main entrance area is the reception where customers are greeted. To the left is the barbers, this has one cutting station and a sofa for waiting clients.

Behind reception is two nail stations with access to the spray tan booth. There are two beauty treatment rooms which are to the back of the property.  This side of the salon is used to be a sun bed shop so there is phase 3 electrics running throughout. The property was very recently rewired. There is a toilet and storage space to the back of building.

The right side of the property is the salon which has 6 cutting stations, 2 back wash sinks, 1 front wash sink and 2 fixed dryers.  To the back is a small kitchen and toilet with access to the rear yard for staff parking.

All fixtures and fittings included-

Sinks

Mirrors

Chairs and soft furnishings

Microdermabrasion machine

Non-surgical facelift machine

LED nail lamp

Waxing equipment

Piercing equipment

Treatment beds

The shop is well presented with great signage. The property is well secured with electronic shutters.

TENURE
We are advised the business is leasehold

From 2016, the council have agreed a 10 yer lease and is currently being processed

Rent £648 per month for both shops.

HOURS
The business opens:-

Monday: Closed

Tuesday-Friday: 9am – 5pm

Saturday: 9am – 3pm

Sunday: Closed

STAFF
The business is run and managed by the owner with the assistance of 5 part time and 2 full time members of staff.

FINANCIAL PROFILE
The business reports a turnover of £80,000 per annum.

With a gross profit of 97%



Tenure: Leasehold

Listed by: Hilton Smythe
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