Beauty Salons for sale in Maidstone

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S Martin (Feb 2013)
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Leasehold Price: £59,995 Price Reduced Annual Turnover: £67,000 Annual Net Profit: £21,000
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Business Description
We are pleased to place onto the market this long established unisex hair and beauty salon. It is situated on the main road in a prominent location next to Tesco Express and there is off road parking for 6 vehicles. The area is well populated and has huge traffic flow. There are 3 development sites, with over 1,000 houses and a shopping centre being built and this is within a 2 mile radius and is due to be completed shortly.

Business Details
This business has been established for over 50 years and the present Owner now wishes to sell due to a change of career. The salon provides hair styling and beauty, with the hair side generating 90% of the turnover. There is a lot of potential to develop the business with a new treatment room and a barbering area which will be introduced shortly. Also the opening hours could be increased from the present 5.5 days per week.

There is a loyal client base that enjoy some of the services including shampoo and set, perms, colouring, cut and blow dry. 90% of the client base are female although both men and children are catered for. There are over 100 active clients. Leaflets and customer recommendations attract new clients for a business that has an excellent local reputation.

5 part time staff are employed all of which are stylists. They are all very loyal and most have been employed for many years. It is a fully managed business.

The Owners are willing to offer a handover period and an observation period if required.

Financial Details
The annual turnover is £67,000 with an EBITDA of around £21,000 pa.

Property Details
The ground floor consists of an entrance hall and a laundry area with 6 off street parking spaces outside. On the first floor there is a beauty room, a barber’s area, 5 workstations and 3 back washers.

The property is leasehold with a rental of £6,000 pa.

Ref: 13277
Price: £79,995

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. 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. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Tenure: Leasehold

Leasehold Term: rent £6,000 pa.

Listed by: ETS Corporate
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