Beauty Salons for sale in Basingstoke

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John Peacock (Feb 2017)
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Leasehold Price: £74,995 Annual Turnover: £164,000 Annual Net Profit: £14,500
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Business Description
Well established Hair, Beauty, Barber and Tanning Studio, set within a busy DW Fitness Gym in Basingstoke, North Hampshire. Recently refurbished with huge potential for growth.

The Hair, Beauty & Barber Studio Ltd was originally started in 2009 by its founder and current owner under the guise of The Hair Studio Ltd. It has grown from humble beginnings into a thriving, multi revenue stream business incorporating Ladies & Gents Hair, a fully equipped beauty salon and sunbed room. Since the business opened, it has increased size and profits steadily each year. It also has a large social media presence on Facebook, Instagram, Website and Twitter and is very proactive with marketing. There is also an online booking system for customers. The Salon has a fantastic reputation for customer service, customer experience and up to date trends/styles.

The current owner works 3 days per week on the shop floor, so there is a great opportunity for the new owners to gain further revenue from working additional days.

Location

Situated within a 2,500 member DW Fitness Gym on the Chineham Business Park it offers free parking, a huge captive audience from the gym membership, the business park and the local Basingstoke/Chineham. The park itself has over 50 companies and 3000 – 3500 employees that use the amenities area on a daily basis. There is a brand new housing estate with 200+ homes going up over the next year that is within 10 minutes’ walk of the salon. Information taken from the 2011 census says there are over 9000 residents in the Chineham area and over 1500 on the Sherfield Park area both are within walking distance of the salon and gym.

Hair Salon

There are 6 hair dressing stations, 2 back wash bowls, a separate barber station, 2 nail bars within the Salon, client sofa/armchair, product sales area, reception desk with booking system, phone, internet and card machine. It also has two remote control air conditioning/heating units, large windows facing out to the front aspect and one internally into the gym, sign written and situated upstairs. All freshly decorated in 2016 during a full refurbishment and upgrade.

A separate room within the Hair Salon incorporates a staff room with washing machine/tumble dryer, tea/coffee making facilities, work surface, sofa, fridge and storage.

Beauty Room

Fully equipped beauty room with height & pitch adjustable bed with electric blanket, all appropriate cupboards and work surfaces to display products, store equipment with a laptop/booking system. The room as its own air conditioning/heating unit. Situated downstairs in the relaxation area of the gym next to the Steam/Sauna area and sunbed next door. Equipment includes spray tan machine and tent, hot cabbie, hot stone heater, wax pots and trolley.

Sunbed Room

Recently refurbished sunbed room in 2017, with a high-powered Q10 Helionova Sunbed, coin operated and decorative art to enhance the experience. This is extremely popular with the gym members all year round and available in 3-15 minute time slots. Sunbed Courses & Coins are available from the Hair Salon upstairs. The sunbed is on a 2-year lease at a monthly rent of £252.00 and has 1 year left where you can decide to upgrade to a newer model or return and turn into another beauty room.

The Team

The team is made up of 1 salon manager who is also the senior beauty therapist, a full time senior hair stylist, 1 full time stylist, 2 part time stylists and are due to take on an apprentice this summer. The beauty team has the full time senior therapist mentioned above, a part time therapist and a full time beauty apprentice who is on the shop floor offering basic services and will qualify in September this year.

The Salon Manager is fully competent with the daily running of the salon and looks after all aspects including rotas, holidays, client building, team building, events planning, stock, banking and has a huge influence on the many social media platforms, as well as running a busy beauty column.

The Hair Team offers a wide range of services including bespoke and precision cutting, basic and fashion colouring using all Wella products, Kerastraight, hair extensions as well as bridal hair and use Wella and British Hair products and retail. The team are all fully qualified to either NVQ level 2 or 3 in hair and/or barbering, they are fully competent and the busy salon runs smoothly and efficiently with them.

The Beauty Team are all Elemis trained and offer Elemis facials and massages. Other services include spray tanning, waxing including female intimate, lash and brow tinting, manicures and pedicures including gel and dip extensions. The waxing and eye treatments can be carried out upstairs in the hair salon on the reclining barber chair for added extra quick services for men and women whilst colours are developing or if the beauty room is already busy.

Opening Hours

The Fitness Gym is open Mon-Thurs 6:00am-9:30pm, Fri 06:00am-9:00pm, Sat-Sun 8:30am-7pm and therefore it is possible for the salon to be open all the same times as the gym with no restrictions. The existing hours that the salon is open are:- Mon, Tues, Fri 9am-8pm, Wed 9.30am -7pm, Thurs 10am – 8pm, Sat 9am-5pm, Closed Sun.

Economic Costs – Exc Vat

Turnover:- £164,182
Gross Profit:- £141,732
Net Profit:- £14,588
Leasehold Rent:- £2,190 per month, £26,280 per annum

No business rates or amenities as these are all including in the rent.
Tenure: Leasehold

Listed by: Bizdaq

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