Hilton Smythe welcome to the market this popular unisex Hair and Beauty Salon, Costello.
The business was founded by the current owner in 2003 and is well known to the locals and has many regular customers many of whom are known on a first name basis by her.
The business is reluctantly being sold only so the owner can pursue her dream of teaching hairdressing and passing her skills on to the next generation of hairdressers.
The owner is keen to see her beloved business pass to an ambitious and entrepreneurial new owner who can take this lovely business to the next level.
Costello is a unisex hair salon which provides expert advice about hair from cutting, colouring, restyling and looking after the customers hair to maintain colour and condition. The business uses Affinage and Kitoko ranges of products and offers the funkiest of colours through to more natural colours.
The business has just introduced a range of further beauty treatments including:
• Eyelash Extensions
• Spray Tan
• Eyebrow Tint
• Eyelash Tint
The business has a quality website and a Facebook page with 119 likes and enjoys fantastic reviews online from the likes of TreatWell and Yell.com and has a highly visible presence on the internet.
Scope to Improve
• Extend the opening hours
• Advertising and marketing campaign
• Maximise the use of social media, look at Twitter and Instagram
• Increase the range of beauty treatments offered
• Explore Wowcher and Groupon type offerings
• Attend wedding fairs
• Consider stocking a branded range of hair and beauty products
Reasons to Buy
• A well-established business with an enviable reputation and many existing customers
• Current owner happy to offer a handover to ensure the continued success of the business
• Minimal running costs with low rent and no business rates
• Ideal first business for an inexperienced owner.
• Includes website and all social media platforms
• Brilliant main road position
• Lots of residential building going on locally which will increase footfall further
• Priced to sell, needs to be viewed to avoid missing out on this great little business!
Hilton Smythe highly advise early viewing to avoid disappointment, this great little business is likely to attract considerable interest.Location
Bromsgrove is a town in Worcestershire about 16 miles north-east of Worcester and 13 miles southwest of Birmingham city centre, it has a population of of approximately 30,000 or 40,000 if you include the Bromsgrove/Catshill urban area.
Bromsgrove is intersected by the A38 which was bypassed to the east of the town in 1980, the M5 motorway borders the west side and the M42 motorway starts at the north of the town.
Bromsgrove railway station is situated to the south of the town, there are frequent trains to Birmingham New Street, Worcester Foregate Street and Hereford. In 2007 Network Rail announced that a new station would be built at a cost in the region of £12 million, the station opened in July 2016.
There is also a bus station adjacent to the high street. Buses operate to a wide area of Worcestershire and the West Midlands.
Costello is perfectly situated on the busy Birmingham Road which is one of the main roads onto the town and as such benefits from high levels of footfall and passing trade.
The business is situated in a small but popular and vibrant shopping parade alongside other complimentary retail businesses such as a dry cleaners, a convenience store, a fish and chip shop and a busy Halfords store.
There is free on street parking immediately outside the business which is immaculately presented and has distinctive and visible signage.Premises
The business occupies the ground floors of a period, terrace property and is beautifully presented and maintained.
• Windows and glazed door to front creating a light and airy interior
• Wood effect flooring
• Suspended ceiling with concealed lighting
• Window display unit with shelves
• 4 Hair stations all with mirror
• White leather effect chair
• Electrical sockets and spot lighting
• Built in cupboards
• Bespoke counter with till
• Card machine
• Appointment book
• Floating shelving
The salon has been completely refurbished and has an upmarket feel.
Rear Salon/ Treatment Room
A lovely room in which to receive beauty treatments in tranquil surroundings, newly refurbished with tongue and groove panelling to dado height, new massage table,
To the rear of the salon is a useful stockroom with window to rear, perimeter shelving and tea making facilities.
To the rear of the business is a secure yard with table and chairs which is perfect for customers to relax in whilst having treatments. This area is a real sun trap during the summer months.Tenure
We are advised Leasehold with the current lease being arranged on a rolling basis, we are further advised that the landlord who occupies the offices above the business would be more than happy to negotiate a mutually acceptable lease with a new owner.
The rent is £6000 which is very reasonable given the size and the main road position of the business.
There are currently no business rates payable.Hours
Tuesday, Wednesday and Thursday 9.15 am - 5.30 pm
Friday 9.15 am – 6.00 pm
Saturday 9.00 am – 4.00 pm
Sunday and Monday ClosedStaff
The business is owner managed with the assistance of one full time and one part time member of staff.Financial Profile
The vendor states a turnover of roughly £63,000 per annum. It needs to be stressed that the business is currently being run at a pace to suit and has enjoyed higher turnover previously.