Hairdressers Salons for sale in Waterlooville

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John Peacock (Feb 2017)
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Leasehold Price: £117,995 Turnover: £260,000
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Business Description
Business
Hilton Smythe welcomes to the market Hairworks, an established Salon business which has recently undergone a £80,000 makeover. A complete refurbishment of the previous estate agents which included new electrics, new flooring, new backwash and storage areas, contemporary decor and new equipment throughout.

The highly regarded Hair Salon business offers a large choice of services including

• Restyles,
• Cut and blow dry,
• Men's and children cuts,
• Bridal packages,
• Hair up options,
• Perming,
• Full head foils,
• Colouring,
• Luxury hair treatments,
• Balayage,

The client is given a choice of 5 levels of stylist depending on experience required.

The business was established over 10 years ago and recently moved to this new shop 18 months ago.

Our client is now selling due to her wish to retire from Hairdressing.

Our client informs us there is a desirable age group of regular customers who are extremely loyal.

There is newly developed website, a reward card loyalty system and fully cleansed up to date database of customers included. The ‘Shortcuts’ database system controls bookings, sends out reminders/ special offers and comes with a 24hr helpline.

Our client uses the Wella range of colours for all colouring services as well as offering a premium retail range of products from Sebastian, Nioxin and Wella. GHD hairdryers and straighteners are also available to purchase.

Currently our client is not offering any nail treatment services which a new buyer may want to add back as well as increasing the range of beauty services.

Hilton Smythe advise early viewing due to the high-end finish of this beautiful salon and it's desirable trading location.

Location
Hairworks is located on Hambledon Road, Denmead, Waterlooville in Hampshire.

The business sits centrally along a parade of busy local shops which includes a Co-op store, Florists, Bakery, Boots the Chemist, busy Fish and Chips shops, Greengrocers and DIY shop.

The business benefits from a new contemporary facia to the front and there is free customer parking directly outside.

Denmead is an affluent area which attracts both a mixture of professionals, families and retired couples. It offers an excellent Doctors surgery, Infant School and choice of bars and restaurants.

The area is located on the outskirts of Waterlooville, just off the A3 which connects commuters to both Portsmouth and Guildford in the North.

Premises
Ground floor –

Client waiting area includes

• 2 x grey velvet club chairs,
• Mirror table,
• 2 x grey velvet square stools.

The retail area includes,

• Large window display unit,
• 3 x shelf bespoke display unit,
• Storage cupboards.

Nail treatment area –

• white gloss raised table with 2 workstations.

Customer reception desk –

• Curved white gloss unit with storage,
• PC and database,
• Till,
• Card machine.

Hair salon area –

• 10 x working stations which all include black leather chairs,
• Elegant full height mirrors,
• Fixed white gloss storage unit.
• Climazone fixed wall unit.

Backwash area –

• 3 x electronic backwash chairs and sinks with rear towel storage.

Colour room –

• fully shelved and well organised with full range of Wella colours

Kitchen –

• Includes hot drinks boiler, washing machine, sink unit, wall and base units and fire exit.

• Customer toilets.

Staffroom –

• includes tumble dryer,
• Wall and base cupboards,
• 2 x fridges and microwave.

There is both CCTV and security alarm fitted.

Tenure
We are advised the business is been sold as a Leasehold opportunity with 5 years remaining on a 7-year renewable lease.

Current rent paid is £17,400 per year with payable business rates currently £6,000 per year.

Hours
Sunday and Monday Closed
Tuesday Wednesday and Friday 9am to 7pm
Thursday 9am to 5pm
Saturday 9am to 4pm

The days and hours could easily be extended.

Staff
The business is run and managed by our client with the help of 4 full time stylists and 3 part time members of the team. All employed by our client. Currently looking to recruit another new stylist due to demand.

Financial Profile
Our client informs us the annual turnover for 2017/18 will be in the region of £260,000. The Gross and Net profit will be confirmed when the accounts are finalised.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04380
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