Hilton Smythe welcomes to the market Jenny`s Hair & Beauty. The business was originally established by our client in 2005, who has enjoyed running this successful hair salon. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.
The business runs as a hair salon with a separate beauty room. They offer men’s and ladies hair, colouring, cut and blows and much more, there is also a stand-up sunbed and a nail bar. The beauty room isn’t currently used and could be a way of boosting the turnover.
The salon currently generates an advised turnover of around £49,000 per annum with a gross profit of 67% as of 2014 accounts. This is a great turnover that could be increased by renting our chairs or by increasing staff numbers. Again the beauty room should be utilised by the purchaser or could also be rented out to a beautician. We are advised that the Solarium generates around £4,000 of the turnover a year, so a beauty room would be a great plus.
The salon receives a generous amount of repeat trade from loyal clientele much of which lives in the area. One way the new owner could boost repeat trade would be to advertise on free social media sites such as Facebook. There is also the option to offer a loyalty scheme to those withstanding loyal customers.
This is a large property that has potential to expand the hair stations. There are currently 6 hair stations that could be increased to 10, the current owner has recently purchased 9 new chairs; which are included in the sale. Our client would also be willing to rent a chair off the new owner and provide their expertise if required.
This is a fantastic opportunity for a purchaser looking for an exception business in a walk-in trading position. Hilton Smythe highly advise early viewing to avoid disappointment.
Jenny`s Hair & Beauty is located in Lordswood, Chatham, Kent.
The business is situated on a retail parade of stores. There is a hardware store, convenience store, post office, café and restaurant. This is a densely populated location from which the business receives much of its trade. There is a large carpark behind the retail parade and on street parking around.
The hair salon is situated on an estate just off the main road that connects to the M2 motorway. The M2 runs up from Canterbury to Dartford. The business is just a short 12 minute drive from Chatham. The centre of London is approximately 38 miles away, and is an easy commute using the great public transport. There are bus stops dotted around and a train station close by.
The business boasts a large double fronted premise. The windows across the front allow for a bright and airy retail space. There is signage across the top which is visible to passing trade.
On entrance there is a relaxed seating area. There are recliner sofas and chairs for awaiting customers. This is a substantial retail area that is well-decorated. Across the right hand side of the room are 6 hair stations, which are fully equipped. At the back of the room there are 3 back washes. By the counter there is a stand up Solarium.
Through to the rear there is a beauty room, colour storeroom, kitchen and a toilet.
Equipment included in the sale is as follows-
Stand up Solarium
To the rear there is a private parking space.
We are advised the business is leasehold.
Original lease length: 10 years
Remaining lease length as of 2016: 8 years
Rent: £9,500 per annum
The business opening hours-
Monday - Friday: 9am – 6pm
Saturday: 9am – 5pm
The business is run and managed by our client.
The business generates a turnover in the region of £49,000 per annum with a gross profit of 67% as of 2014 accounts.
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