Accounts Available Year End 28th February 2020
Annual Turnover £80,122
Gross Profit £70,598
Accounts Available After Viewing
Impressive Double Frontage Property
Large Social Media Following
EPC - TBC
Blacks Brokers are pleased to bring to the market this leasehold hair salon located in Enderby, Leicestershire.INTRODUCTION
Images Hair Salon has been trading on Cross Street since early 2012 there has been a hair salon trading from this location since 1990. Our client has added a huge amount of goodwill and has built an enviable reputation within the local area supported by an impressive Facebook following of over 600 people. LOCATION
Situated on Cross Street the business is located in this busy area of Enderby. The salon attracts local customers as well as those from Narborough and Leicester also. Close by are the M69 (Junction 1) and M1 (Junction 21) motorway networks. The business benefits from fantastic footfall from local businesses and schools. REASON FOR SALE
This opportunity has become available due our client’s personal circumstances and therefore the business has been placed on the open market at this appealing price point. LEASE
The property is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current lease commenced in 2018 and will run for a ten year term with a break clause at the five year point. The current rent is £9,210 per annum which represents excellent value for such a prime location property in the heart of this busy town. The rental figure includes a service charge for the property. BUILDING LAYOUT AND DESIGN
The building is located within this delightful village location. It has an impressive double frontage and striking signage delivers a flawless first impression. The business operates on the ground floor of the property only.
Once inside the main salon is on two levels access by five steps to the upper half. The front of the salon has four work stations and a reception desk. The upper half the of main floor has two workstations and two backwashes. There is also an office, kitchen and toilet facilities. The kitchen has some additional storage. Flooring is mainly tiled with laminate flooring under the backwashes. The building is beautifully presented and has a light and airy feel.
There is no living accommodation on the lease it is 100% commercial.
The building is fully alarmed. STAFF
The owner oversees the operation and is part-time stylist and is supported by a two full time stylists. All staff have contracts of employment. FINANCIAL DETAILS
Currently the business is trading strongly and the accounts year end 28th February 2020 show that the business has an annual turnover of £80,122. It is worth noting here that our client works in the salon as a part-time stylist and is intending to operate from home once the business is sold, this will affect the turnover by around £20,000 per annum. Our client will provide a handover period to the new owner to ensure continuity from the broader database of clients to protect the new owners income stream. BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This is an exceptionally efficient run salon that has been trading consistently since 2012 with a trading heritage that dates back to the 1990’s.
The business does not actively advertise as there is no requirement to do so as all marketing is done through social media. Facebook along with other platforms will of course be transferred to the new buyer upon completion.
This salon would ideally suit a buyer who could enjoy the solid platform that our client has established and push the business on to the next level. Early viewings are advised as a speedy completion is anticipated. Fixtures:
All 6 Workstations & Chairs
Backwash's x 2
Foil Colour Trolley x 3
Cutting Stool x 2
Waiting Chairs x 2
Storage Units x 3
Kettle & Drink Making Facilities
Counter Top Fridge
Shelving In Office
Towel Bin x 2
MON & FRI: 09:30 - 17:30
TUE & THU: 09:30 - 20:30
SAT: 09:00 - 15:00
£177 Per Week