Hairdressers Salons for sale in Sutton Coldfield

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Hair Salon & Two Bed Accommodation - West Midlands

Sutton Coldfield, West Midlands, England

  • Leasehold Price: £99,995  Price Reduced arrow_drop_down
  • Annual Turnover: £142,180
  • Annual Gross Profit: £130,611
  • Annual Net Profit: £45,368
Seller Reference: 6664
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Business Description
 
 
 
 
 
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Seller Reference: 6664
Request Details
Business Description
Main Road Trading Location
Accounts Available To Year End 31st March 2019
Annual Turnover £142,180
Gross Profit £130,611
Accounts Available After Viewing
Currently Closed Sundays and Mondays
Rent From Accommodation Above £6,600 Per Annum
Rent From Nail Technician £4,680 Per Annum
Beautifully Presented
6 Styling Stations
1 Nail Stations
Large Customer Base Recorded
Enviable Reputation
Scope To Sublet Chairs
EPC - B
REF 6664 – Leasehold Hair Salon With Two Bedroom Accommodation

Blacks Brokers are pleased to bring to the market this leasehold hair salon with two bedroom accommodation located in a popular, affluent area of Sutton Coldfield, West Midlands.

INTRODUCTION

Red Creative Hair has been trading on Lichfield Road since 1986. Our client took ownership in 2003 after being a member of staff for some time previously. The salon is well known and has a good reputation in the area with a large base of regular customers, record cards for all clients and excellent online ratings are noted on Google and Yell.

LOCATION

The business is positioned on a busy main road within a parade of other local businesses and independent retailers. There is parking available immediately outside the shop and in the surrounding area. Sutton Coldfield is well linked by the M42 and M6 and has superb public transport links in place being only eight miles from Birmingham city centre.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client wishing to take up to retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

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. The lease will be fully negotiated with our client upon sale of the business, it will run at a cost of only £279 per week. Rental income from nail technician and accommodation above generates £11,280 per annum.

STAFF

The business is currently operating with three members of staff in employment supporting our client working on a full time basis, there is now also a self employed nail technician with a lease agreement - £30 per day currently 3 days a week.

FINANCIAL DETAILS

Red Creative Hair has traded well during its impressive trading history. We are advised that the business currently has annual turnover of £142,180 with gross profit of £130,611. Full financial details are available upon viewing.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road. The proposition offers a range of opportunities for a new owner with the accommodation available for owner use or sub let. There is plenty of scope to develop the business further with the introduction of new hair and beauty services along with new opening hours to include late nights and longer weekend opening. A stronger online presence and marketing drive would also be beneficial. There is also scope to stock a range of salon related products for customers to use at home. 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:
2 Back Washes

7 Styling Stations

Infrazon Treatment Machine

Till

Shelving

Sink

Fridge

Display Units
Trading hours:
MON: CLOSED
TUE - THU: 09:00 - 17:00
FRI: 09:00 - 20:00
SAT: 09:00 - 17:00
SUN: CLOSED
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Red Creative Hair operates from the ground floor of a spacious semi detached property with accommodation within the first floor. The business is well branded with classic signage displayed above an attractively partially glazed frontage. Inside, the main salon area is presented beautifully. It is fitted with seven styling/cutting stations, two back wash sinks, two nail stations and a waiting area/reception. The décor is modern throughout with wooden flooring. To the rear is a staff kitchen and toilet.

The first floor accommodation comprises of two bedrooms, open plan lounge/kitchen, dining room and bathroom. This has a separate entrance and currently generates £6,600 per annum, there is potential to increase this rental income by upgrading the flat the income could potentially be in the region of £9,900 per annum. A new owner may use the accommodation or sub let in line with the conditions of the lease.

To the rear of the property is an enclosed garden.

Location Details:
Sutton Coldfield
Leasehold Term:
£279 Per Week
Listed by:
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