Hairdressers Salons for sale in West Midlands

View the "Established, High reputation, Unisex Hair Salon in Prime Location" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £37,000 Price Reduced Annual Turnover: £66,247
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Business Description
Established, High Reputation, Unisex salon

Transworld is proud to present this Established, High reputation, Unisex Hair Salon in a Prime location which offers a wide range of services to its loyal customer base. The business is open five days per week. This is a great opportunity to purchase a successful Hair and Beauty Salon. The salon has been well maintained and is in good condition and attractive throughout. The business has an excellent reputation in the local area.
The sale includes all fixtures and fittings and stock.

Potential Growth Given the high population of residents close to the business there is still further opportunity to communicate the established brand to a new audience. Increasing customers by delivering a very clear digital marketing campaign which could include the development of a website combined with further effective use of social media.
You may decide to extend opening hours to attract additional customers.
In addition to extending the opening hours you may choose to increase the number of employees or rent one of the chairs.
The current utilisation of chairs is only 50% so there is a significant opportunity to increase customers and turnover
By renting out chairs or increasing number of staff
Opening 7 days per week
There may also be opportunity to re configure the layout to accommodate additional beauty treatments.

Conclusions
The premises are situated in the centre of a highly populated area on a main road with significant passing traffic in a prime Birmingham location which has ample parking.

It is a very well established and reputable brand in the local area and has always benefited from repeat business. The business has been in existence for many years and during this time has built up a large clientele.

Given the right vision and energy the business has significant potential to grow.

Parking is available in front of the salon and nearby.

By opening 7 days per week and increasing the utilisation of the chairs there is a massive opportunity to increase turnover and profit

Key Financial Information
Annual Turnover 2017
£66,247
Facilities Current Rent is £625 PCM

Rates £ Zero

The current lease is due for renewal – the landlord is happy to renew and is not looking for a rent increase.

The Ground Floor premises occupy a space of 400 sq. ft
Main Salon is 7.25m x 3.4m inc reception area
Rear Waiting area 2.25m x 2.5m
There is also a kitchen, a W/C and a utility room containing washer dryers

Competitive Overview The premises are located on a main thoroughfare in a busy residential area North of Birmingham. The local area is packed full of independent stores, boutique shops and a cosmopolitan array of bars and eateries. It is a very busy affluent residential area with excellent schools and facilities. The owner has been running the business for the last sixteen years. The business offers a wide range of Ladies and Gents Hairdressing services.

The main salon is over 325sqft in size. Parking is available in front of the salon

The Purchase of this debt free, established high reputation business comes complete with
All fixtures, fittings and equipment.
Inventory at time of sale
The reputation of the business leaves you well placed to grow the business to achieve your financial and creative objectives.

The main hairdressing salon includes:
4 Hairdressing stations, 2 wash stations, a separate drying area and a comfortable reception and waiting area.

The business uses established suppliers.

In addition to the owner, the business has two employees. One employee works 36 hours per week and has been with the business for over two years the other works 21 hours per week and has been with the business for 10 years.

The owner of the business wishes to retire – her husband is seriously ill

Trading Hours

The business opening hours are:

Monday 9am to 5pm
Tuesday Closed
Wednesday 9am to 8pm
Thursday 9am to 5pm
Friday 9am to 5pm
Saturday 8am to 4pm
Sunday Closed

Showing Instructions Highly Confidential Must Contact Listing Agent for Instructions
Trading Hours:
Monday 9 to 5 Wednesday 9 to 8 Thursday Friday 9 to 5 Saturday 9 to 4

Number of Employees: 2

Tenure: Leasehold

Support & Training: 4 weeks

Listed by: Transworld Business Advisors

Find out more about this business opportunity.

 
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36971-96395
Seller Reference:
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