BusinessHilton Smythe are delighted to welcome to the market an opportunity to acquire the truly outstanding & multi award winning “Macs Hair Studio”, a hairdressing salon on a leasehold basis.The business has built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to a change in personal circumstances for our client.Macs Hair Studio has been under the careful & meticulous ownership of our client for the last 8 years growing the business to an impressive level with an excellent local reputation and is seen as a real hub within the community and can be found in true “turn key “condition after an extensive programme of refurbishment over the last year.The business operates 5 days per week and generates a turnover in the region of £114,000 per annum, with a good adjusted net profit.Currently our client offers a variety of services including haircuts and styling, extensions, hair colouring and gents styling.The business has built up an enviable reputation within the industry for the high quality of the service offered, which has resulted in a very loyal client base with a high volume of repeat trade and word of mouth recommendations.There is scope to further increase the level of turnover as there is little local competition so with the introduction of revised opening hours to utilise evening appointments, introduction of a rent a chair space for self-employed stylists , introducing some further beauty treatments for clients along with a nail bar facility , and the undertaking of a modest marketing campaign via local press, radio, social media and promotion of the dedicated website http://www.macsglasgow.com/ would all help to increase turnover.This is an outstanding turn-key business operating on flexible hours which offers a new owner the opportunity to take this already thriving business to the next level. This would make an ideal acquisition for an existing salon operator. Very rarely do businesses of this calibre with good turnover come to the open market therefore, early viewing must come highly recommended to avoid disappointmentLocationMacs Hair Studio is located in the heart of Glasgow’s West End. Just minutes from Byres Road at De Courcy’s Arcade on Cresswell Lane, & benefits from being surrounded by a wealth of complimentary independent local businesses, resulting in a fantastic level of footfall due to the nature of the busy cosmopolitan location .
Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre.PremisesThe business occupies a substantial ground floor mid-parade premises extending to 31.32m2 and has been recently fitted out (including electrics) to an excellent standard.
Briefly comprising:Main salon
To the rear of the salon is a well fitted storage / shelving area, along with a separate kitchen area with space for further storage.The business further benefits from prominent signage to the shop front.TenureWe are advised that tenure is offered on a Leasehold basis.Leasehold - Rent £4522 per quarter including vat & services.Term – 5 Year lease with 2 Years remaining.No Rates payable.HoursMonday – Closed
- Large window creating a light and airy feel
- Feature reception desk
- Customer seating area
- 6 x styling stations with mirrors and power points
- 2 x backwash stations
Tuesday to Saturday 0900 – 1900StaffThe business is currently run by the owner, with 1 other member of staff.Financial Profile
The business reported a gross turnover figure in the region of £114,000