LEASEHOLD TANNING SALON, BIRMINGHAM Price Reduced
Price:
Leasehold - £35,000
Location:
West Midlands , Birmingham, Sheldon
Business Type:
Service Businesses
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £34,000 with a net profit of £9,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the business is only open minimal hours .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving tanning salon which has been established since 2002. The business has been in the hands of the current owner since inception and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides nails and sun tanning.
Staffing
The concern employs 0 staff.
Owners Role
The owners’ role is hands on and he manages the business.
Marketing
The owner markets the business in local newspapers and sometimes does local leaflet drop.
Competition
As far as competition is concerned there is none in the area.
Market
The client base consists of repeat 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 and local and internet advertising.
• Increasing the opening hours to much longer hours.
• Increasing the product line to include more products for sale.
• 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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 20ft x 30 ft. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.
External
To the front there is main road.
Financial Details
The present turnover is £34,000 per annum with a net profit of £9,000.
The potential turnover of the business within the next 2 years is forecast to reach £75,000 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.
- Situated in central area of Sheldon in Birmingham
- Prominent location on main arterial road
- Part of a parade of shops
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of regulars
- Area offers exceptional lifestyle
- Very good tourist trade
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with Birmingham and good railway links.
The original length of the lease was 5 years with 5 years remaining. The rent is £10,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £4,500.
Monday to Friday 10:00am - 8:00pm
Saturday 10:00 - 6:00pm
Sunday 10:00 – 4:00pm
North Yorkshire
£ 750,000
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