Hairdressers Salons for sale in Chester

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Hairdressers and Beauty Salon Chester City Centre

Chester, Cheshire, England

  • Leasehold Price: £39,999  Price Reduced arrow_drop_down
  • Annual Turnover: £62,454
  • Annual Gross Profit: £56,119
Seller Reference: 6673
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Business Description
 
 
 
 
 
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Seller Reference: 6673
Request Details
Business Description
Prominent City Centre Location
Accounts Year End 30 September 2019
Annual Turnover £62,454
Gross Profit £56,119
Accounts Available After Viewing
£7,200 PA Rental Income From Beauty Room
Low Overheads
10 Styling Stations
Fully Equipped
Closed Sunday & Monday
Immaculately Presented
EPC - C
REF 6673 – Leasehold Hair & Beauty Salon

Blacks Brokers are pleased to bring to the market this leasehold hair and beauty salon located in a highly sought after area of Chester city centre.

INTRODUCTION

The business has been trading on Foregate Street since around 1989 to meet local demand for a high end hair salon in this busy area of Chester. Our client has secured an excellent reputation amongst locals, having established a large base of regulars and the business has superb reviews noted on Google.

LOCATION

This business occupies a prominent trading position within Chester city centre, occupying the first floor of a 1571 dated building, positioned above Lee Louise Clothing and Gifts the business benefits from ample tourist attention. Neighbouring businesses include Diechman, Primark, Café Nero and many more. This area has a huge amount of footfall and is popular all year round with shoppers and locals. The salon also benefits from a park and ride bus service that stops directly outside the salon. Chester is well linked by the M56, A41 and A56 with excellent public transport links and parking is available close by.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments and relocation it is offered for sale. This 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 current lease is ten years and began in 2017 at a cost of £288 per week + Insurance.

STAFF

The business is currently operating with our client in full time employment supported by one employed assistant and two self employed stylists. The current owner has advised that they would be willing to continue on at the business after a sale has taken place on a self employed basis. Thus maintaining the strong client base.

FINANCIAL DETAILS

The business has traded well during its impressive thirty year trading history. The accounts for year ending 2019 show annual turnover of £62,454 and gross profit of £56,119. Full financial details are available after viewing.

BUSINESS RATES

The business has a rateable value of £1,836 per annum. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in a busy area of Chester and has a long trading history with superb reputation. There is plenty of scope to develop the business further with the introduction of new opening hours to include Mondays and further sub let agreements to take advantage of the large space available here. A strong marketing drive could also be beneficial along with a development of services on offer. 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:
10 Styling Stations

2 Backwashes

Chairs

Reception

Display Cabinets

Hair Dressing Tools & Accessories
Trading hours:
MON: CLOSED
TUE: 09:00 - 17:00
WED: 09:00 - 18:00
THU: 09:00 - 20:00
FRI: 09:00 - 18:00
SAT: 09:00 - 17:00
SUN: CLOSED
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The business operates from the first floor of a unique, grade 2 listed property within a parade of shops and other businesses. The business is very well branded with large, clear signage displayed above the ground floor entrance area. A single flight of stairs leads to the main salon which is finished to a very high standard. There is a welcoming reception desk upon entry with electronic booking system and till in place. The salon is set up with ten styling stations and two backwash sinks. All work stations are mirrored and wooden flooring is fitted throughout. Within this floor there is also a private beauty room which is currently let by a self employed beautician. This generates £600 per month in rent.

The second floor comprises of a staff kitchen, toilet and staff room. All areas are presented well with good attention to detail and high quality fixtures and fittings in place.

Location Details:
Chester
Leasehold Term:
£288 Per Week + Insurance
Listed by:
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