Hilton Smythe is delighted to welcome to the market The Georgian Hair Salon. This well-established hair and beauty salon benefits from fantastic rental income from sitting tenants.
The business was originally founded in 1929 with our client successfully running the business since inception in 1987. The hair and beauty salon is very well known in the area and is well supported by the local community seeing much repeat trade.
The salon is modern, light and airy and fully equipped. The Georgian Hair Salon offers a comprehensive range of hair and beauty techniques using quality products. The business reports a turnover of £50,000 with a gross profit of 80%.
Uniquely, the business benefits from further revenue derived from rental income from two adjoining businesses with sitting tenants, a Gentlemen’s Tailors and Physiotherapist. The combined rental income generates an additional £10,000 per annum. Neither of these businesses are including in the sale, however any new owner can benefit from the rental income.
Additionally, there is a 4 bedroom flat with lovely garden and large shed, ideal for storage included in the sale, making this an ideal acquisition perhaps for a family or couple.
Early viewing of this rare and outstanding business opportunity is highly recommended, with the business genuinely coming to the market as our client wish to pursue other interests.
Location The business is located in Catterick Garrison, the largest military base in the UK, housing over 20,000 personnel.
The Georgian Hair Salon occupies a prominent trading position opposite a large new retail park housing a Tesco, McDonalds and Boots ensuring a constant and heavy footfall throughout the day.
The business benefits from a bus stop within walking distance and ample parking to the frontage and on the retail park. The business sits on the arterial A6136, with the A1 motorway a short drive away.
Premises Large double fronted building split into 2 shops and well signed.
Hair salon – reception/waiting area with comfy seating opening up into a good sized salon with 4 cutting stations and 2 backwash sinks. To the rear is a small storage room, toilet and kitchen area (which are shared with the sitting tenant business). Rear access to garden. All salon equipment is included – chairs, mirrors, sinks, general display stands, fixtures and fittings. There is a treatment bed which can be negotiated separately if required.
Gents Tailors/clothing – main retail area with general shelving, display stands and racks, through to a workshop for alterations and shared amenities to the rear.
Separate building to the side has a sitting tenant Physiotherapist – reception area with treatment room
First Floor Accessed via either the hair salon reception or from own entrance - 4 bedroom flat with kitchen, bathroom with shower and living room.
Tenure We are advised freehold The land is owned by the Ministry of Defence.
We are advised that the water rates are negligible and are included in the rent. The flat and Physiotherapist business have a separate meter for electric. There is also a separate meter for water at the Physiotherapist business.
Hours The business opens:-
Tuesday to Saturday 10.00am – 7.00pm Saturday and Sunday closed.
Staff The business is owner run and managed with the assistance of 2 trainees.
Financial Profile The business reports a turnover of £50,000 with a gross profit of 80%. With additional rental income from sitting tenants yielding £10,000 per annum.