Hairdressers Salons for sale in Bedford

View the "SUCCESSFUL AND PROFITABLE, CENTRALLY BASED HAIR SALON BEDFORD" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

SUCCESSFUL AND PROFITABLE, CENTRALLY BASED HAIR SALON BEDFORD

Bedford, Bedfordshire, England

  • Leasehold Price: £39,995  Price Reduced arrow_drop_down
  • Annual Turnover: £215,315
  • Annual Gross Profit: £178,084
  • Annual Net Profit: £25,310
Seller Reference: 13342
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Business Description
 
 
 
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Seller Reference: 13342
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Business Description
LOCATION
This business is situated in Bedford, just off the High Street. It has good footfall, with a multi storey car park nearby. The rent and rates are very reasonable for the area.

FINANCIAL DETAILS
The turnover for the latest year ending 31.03.2018 was £215,315 with a gross profit of £178,084 and an operating profit of £25,310. The assets are valued at around £5,000 and the stock value is in the region of £7,000.

BUSINESS DETAILS
This highly successful unisex hair salon was established in 2004 as a sole trader and became a limited company in 2012. The salon owner is now selling so that they can move on to concentrate on other areas of professional growth.

The salon provides styling, colouring, barbering, extensions, repair of damaged hair, and weddings and special events. There is also a strong retail side of the business offering the GHD styling range, which accounts for 13% of turnover. The website for the business is at https://www.urbanitehair.co.uk/ and the Facebook page is https://en-gb.facebook.com/UrbaniteHairBedford/

In total, there are 9 staff including the Owner. One is an administrator, with 4 other stylists, a trainee and 2 juniors.

Most of the new clients come from referrals, word of mouth, walks ins and social media. Over 90% of business is repeat business. It is one of the top5 salons in the town in terms of reputation and expertise. The strengths of the Salon are its location, loyal client base, and long-serving staff.

The Owner is prepared to accept staggered payments for the business and/or an earn-out arrangement.

PROPERTY
The premises are situated on the ground floor, with the main salon studio, toilets and staff kitchen to the rear. There is a youtube video available at https://www.youtube.com/watch?v=oD0W8sAtKzY

TRADING HOURS
Open 5 days per week

TENANCY
The business is leasehold and the original lease was for 10 years with 3 years remaining. The rent is £15,000 pa.

Ref: 13342
Price: £39,995 including assets and stock

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures, and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Number of employees:
9
Tenure:
Leasehold
Support and Training:
Full training and support will be given
Location Details:
This business is situated in Bedford, just off the High Street. It has good footfall, with a multi storey car park nearby. The rent and rates are very reasonable for the area.
Leasehold Term:
The business is leasehold and the original lease was for 10 years with 3 years remaining. The rent is £15,000 pa.
Listed by:
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