Hairdressers Salons for sale in Lancashire

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £45,000 Price Reduced Annual Turnover: £79,639 Gross Profit: £60,250 Annual Net Profit: £21,000
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Business Description
Detached Salon With Parking
Annual Turnover £79,639
Gross Profit £60,250
9 Styling Stations & Beauty Room
Established 1995 / Same Owner
Rental Income £4,680
New Lease Offered
Freehold Option Available
Vendor Will Stay on 3 Days a Week
EPC - C
REF 6304 – Leasehold Hairdressing Salon

Blacks Brokers are pleased to bring to the market this leasehold hairdressing salon located in a busy residential area of Cleveleys, Lancashire.

INTRODUCTION

The business was established in 1995 by our client and moved to its current premises due to expansion in 2000. The business has established a superb reputation and large, repeat customer base and is well known in this area of Lancashire with lots of excellent Google and Facebook reviews. Our client has also established excellent working relationships with suppliers and has UK exclusivity for products sold in the salon.

LOCATION

The business is positioned in a busy residential area of Cleveleys around five miles from Blackpool. There are plenty of other local businesses in the area with no direct competition. The area is well linked by the A585 and M55, there is parking available immediately outside the property and public transport links are excellent.

REASON FOR SALE

Due to our client’s change of lifestyle preference the business is offered for sale. Our client is looking to stay on at the business on a self-employed basis for three days per week - this proposition would ensure smooth handover and offer continuity to the client base.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. This will be fully negotiated with the business sale, it will run at a cost of £269 per week. Please note that there is currently a rental income from the self employed staff £4,680 per annum which means the lease has a net cost to the business of £179 per week for as long as the self employed staff remain in place. A freehold option is available, if preferred.

BUILDING LAYOUT AND DESIGN

The business operates from the ground floor of this spacious, link-detached property with fully glazed frontage and has large, bold signage on display. Inside, the business is very well presented, with main reception, waiting area and large, open plan salon area. The salon has a combination of wooden and tiled flooring throughout with modern décor and excellent quality fixtures and fittings in place. There is a total of nine styling stations and three back wash stations. There are also large mirrors and a nail desk. To the rear of the space is a kitchen, toilet and beauty room – the beauty room is let to a self-employed beauty therapist. There is an enclosed garden to the back of the property.

The first floor of the property is currently tenanted accommodation and is not included in the lease.

STAFF

The business is currently operating with our client in full-time employment along with three self-employed hair stylists and one self-employed beauty therapist.
The beauty therapist pays £390 per month for rental of the room and the three hair stylists pay 50% of earnings with no rental charge for chairs.

FINANCIAL DETAILS

The business has traded solidly since opening. We are advised that the business currently has annual turnover of £79,639 with gross profit of £60,250 and a net profit of £21,000.

SUMMARY

This leasehold business is long-established and well-known with a large base of regular customers. Our client offers a leasehold or freehold option along with continuity of service by staying on within the business. There is plenty of scope to develop the business further with the introduction of longer opening hours and days and a strong marketing drive. A new online presence with booking system would also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
9 Stations

Chairs

3 Back washers

Couch

Washing machine

Epos – isalon subscription

Table

Mirrors

Nail table etc
Trading Hours:
Sun & Mon - Closed
Tue - 9am - 5.30pm
Wed - 9am - 5.30pm
Thu - 9am - 7pm
Fri - 9am - 7pm
Sat - 9am - 5.30pm

Tenure: Leasehold

Location Details: Cleveleys

Leasehold Term: Rent: £269 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6304
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