Beauty Salons for sale in Tewkesbury

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Adam Warren (Jan 2017)
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Leasehold Price: £34,995 Price Reduced Turnover: £72,332 Gross Profit: £47,914
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Business Description
Business
Hilton Smythe welcomes to the market this very well-established and high-quality beauty and skincare therapy salon.

The business itself has been run by the current owner for around 3 years now and by the former owners for several years so it is very well established in the area. The owners are now looking towards other business interests.

The business is very well established and specialises in manicures including; gel manicures and pedicures, standard pedicures, massages, facials, waxing, body treatments, tanning, hot stones, lash tinting and lifting and alternative therapies to include Indian head massage and Hopi candles.

The business reports a healthy turnover around £72,000 per annum with a healthy gross profit of around 66%.

This beauty salon has an enviable reputation for excellent customer service, care, quality and value for money and has a very loyal client base.

The salon is immaculately presented with vibrant modern décor and comprises 4/5 treatment rooms and 1 shower room offering plenty of scope and diversity. They also have a good social media presence on Facebook and Instagram.

The business is doing very well; however, we also feel it could benefit from extending the opening hours, more advertising and a good quality website to take it to the next level.

An internal inspection is very highly recommended to appreciate the position and quality on offer.

Location
Red Skincare & Body Therapy is situated in a central location in the pretty, bustling town of Tewkesbury, Gloucestershire.

The premises occupy a great location in the town centre of Tewkesbury with good commercial and residential footfall.

Tewkesbury is a town and civil parish in Gloucestershire, England. It stands at the confluence of the River Severn and the River Avon, and also minor tributaries the Swilgate and Carrant Brook.

It gives its name to the Borough of Tewkesbury, of which the town is the second largest settlement. It lies in the far north of the county, forming part of the border with Worcestershire. According to the 2011 census the population was 19,780. Easy access is gained to all surrounding areas via the M50 and M5 motorways.

Premises
The premises are approximately 72 sqm in size and comprises of;

First Floor;
• Reception room with counter and till with seating area.
• 2 standard treatment rooms both having vanity sink units.
• A manicure and pedicure treatment room with vanity sink unit.
• A body treatment and tanning room with separate shower room.
• Smaller area for electrolysis treatments, separate WC and kitchen/store room.

There is a wide range of equipment included within the sale as follows;
• 4 x Treatment couches
• 1 x Pedicure chair
• 1 x Manicure table
• 3 x Facial trollies
• 1 x LED nail lamp
• 3 x Wax trollies with wax pots
• 1 x Electrolysis machine
• 1 x Hot stone heater and stones
• 2 x Mag lamps
• 2 x Towel heaters
• 1 x Sienna spray tanning machine
• 1 x Paraffin wax heater, display cabinets and shelving, stools, chairs and towels.

An internal viewing is a must to appreciate the quality and potential on offer.

Tenure
We are advised that the business is being sold as a leasehold opportunity.

The rent payable is £8,400 per annum with a 6-year lease, which has 2.5 years remaining.

Hours
Monday Closed
Tuesday 9:00 a.m. to 6.00 p.m.
Wednesday 9:00 a.m. to 8.00 p.m.
Thursday 9:00 a.m. to 8.00 p.m.
Friday 9:00 a.m. to 6.00 p.m.
Saturday 9:00 a.m. to 4.00 p.m.
Sunday Closed

Staff
The business is currently run by the owners and 1 other full-time member of staff.

Financial Profile
The accounting information shows a turnover of £72,332 for the year ending 30th September 2017 with a gross profit of £47,914 and a healthy net profit of £29,429.

According to the VOA website the current rateable value is £6,400 however the property benefits from small business rate relief so has nothing to pay.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04347
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