Beauty Salons for sale in Wednesbury

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Adam Warren (Jan 2017)
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Leasehold Price: £17,999 Price Reduced Turnover: £20,800
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Business Description
Business
Hilton Smythe welcomes to the market Mirage Hair Beauty & Tanning.

Mirage Hair Beauty & Tanning was founded by the current owner 2 years ago but is now being sold, albeit reluctantly and with a heavy heart only due to relocation to her original country of origin.

Mirage Hair Beauty & Tanning is a well-equipped Beauty salon that offers;
• Hairdressing
• Barbering
• Nail treatments
• Brow treatments
• Stand up sun beds
• Lie down sun beds
• Spray tanning
• Vibr8 oscillation training.

The current owner employed staff to run the business for her until recently but due to personal circumstances has let the staff go so the business is currently offering only the stand up and lie down sunbed tanning and the Vibr8 oscillation training.

This represents a fantastic opportunity perhaps for an experienced hairdresser or barber looking for their first foray into self-employment.

Scope to Improve
1. Advertising and marketing campaign
2. Maximise the use of social media (there is a Facebook page with 503 likes)
3. Website to extol the services offered ideally with an online booking facility
4. Explore online voucher discounters such as Groupon and Wowcher
5. Introduce a loyalty card/ scheme to encourage returning custom
6. Stock a range of hair, grooming and tanning products
7. Extend the opening hours
8. Introduce a range of pampering packages.

Reasons to Buy
1. A well-established business with an enviable reputation and many existing customers
2. Current owner happy to offer a handover to ensure the continued success
3. Offering a fantastic opportunity to increase turnover significantly. The business is currently being run at a pace to suit.
4. Ideal trading position on a busy main road and hard to miss by passing drivers
5. Minimal running costs with inexpensive rent and no business rates.
6. Everything included in sale making this a real turnkey opportunity
7. Ideal owner managed or first self-employed business
8. Offers subletting opportunities, either by renting out hairdressing chairs, nail bar or beauty rooms.
9. Priced to facilitate a quick sale.

Hilton Smythe highly advise early viewing to avoid disappointment. This business is likely to attract considerable interest.

Location
Mirage Hair Beauty & Tanning is located in Wednesbury in the West Midlands.

Wednesbury is a market town in the Black Country, part of the Sandwell Metropolitan Borough in the West Midlands. Historically part of Staffordshire, at the 2011 census the town has a population of 37,817.

Wednesbury is on Thomas Telford’s London to Holyhead Road which was built in the early 19th century and is close to the Black Country Route. The bus station, rebuilt in 2094 is in the town centre with links to Wolverhampton, Birmingham, West Bromwich, Walsall and the shopping complex of Merry Hill.

Wednesbury is served by the Midland Metro light rail (tram) system with stops at Great Western Street and Wednesbury Parkway.

Mirage Hair Beauty & Tanning is ideally situated in an elevated position on the busy Crankhall Road alongside other complimentary retail businesses and as such benefits from high levels of footfall and passing trade.

The business is nicely presented with clear and visible signage and distinctive livery. There is free parking immediately outside the premises along with free on street parking just along from the business.

Premises
The business occupies the ground floor of a end terraced shop unit and briefly comprises;

Salon
Windows and glazed door to front creating a light airy interior, generous open plan salon, wood effect flooring, bespoke counter with appointment book and computer (including bespoke tanning software package), nail station with glass top and two drawer packs, foldable chairs providing a customer waiting area, two leather effect sofas, backwash with electric shower, wall mounted cupboard and further freestanding cupboard. Three hair stations, each with full length mirror, floating glass shelf, chrome hair dryer holder and paper towel dispenser. Two hairdryers with leather effect chair.

Beauty Room 1
With Vibr8 oscillation Machine

Beauty Room 2
With Ergoline lie down sunbed and extraction system

Beauty Room 3
With Mega Sun 2000 stand up sun bed

Beauty Room 4
Currently unused but previously used for additional sunbed

Beauty Room 5
With Mega Sun lie down sun bed

Beauty Room 5
Previously used for spray tan, tent is included but no machine currently, floating shelf.

Storeroom
A generous Room currently used for storage but offering potential as a treatment Room or could be sublet to a complimentary business

WC
Recently refurbished with white suite, vanity unit with porcelain sink and wall mounted cupboard.

Staff Room
A good size room with wall mounted cupboards, a run of worktop and vanity unit.

Tenure
We are advised that Mirage Hair Beauty & Tanning is being sold as a leasehold business opportunity. The existing 10 year lease has 8 years remaining and the rent is a reasonable £10,404 Per Annum.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Saturday 10.00am-6.00pm

Sundays closed.

Staff
The business is currently being run and managed by the owner but until recently was run by a number of full time staff.

The business really needs to be owner managed and new staff recruited for the hairdressing, barbering and beauty treatment side of the business.

Financial Profile
The business is being sold as an asset sale, but the tanning side of the business is currently generating an advised turnover of approximately £20,000 but it needs to be stressed that it is being run at a pace to suit due to personal circumstances.

This business represents a fantastic opportunity for an ambitious and entrepreneurial new owner.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04342
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