Unisex Hair Salon - Morley, Leeds

Prominent Trading Position
Accounts Year End 5th April 2020
Annual Turnover £41,724
Gross Profit £31,293
Rental Income From Nail Technician
Established By Client in 1996
Retirement Sale
Large Customer Base
Beautifully Presented
Fully Equipped
Scope For Longer Opening Hours
Potential To Introduce Beauty Services
EPC - D
REF 7175 – Leasehold Unisex Hair Salon
Blacks Brokers are pleased to bring to the market this leasehold unisex hair salon located in Leeds, West Yorkshire.

INTRODUCTION
Gaynor Marie's was established by our client in this residential area of Leeds in 1996 and was a hair salon under a different name for 19 years prior to this. The business offers hair services for men, women and children. It has become very well known in this area and has a strong base of regular customers in place as well as benefiting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Gaynor Marie's has a comprehensive website in place.

LOCATION
Gaynor Marie's occupies a prominent trading position within a row of houses. The area is densely populated residentially with Morley town centre close by which is filled with independent retailers and large multiples such as Morrisons and HSBC. There are also a number of schools nearby. The area is well linked by the M62 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes, the business 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 Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The lease is negotiable with the vendor and the rent will be around £12,000 for the first 2 years.

BUILDING LAYOUT AND DESIGN
Gaynor Marie's operates from the ground floor of a spacious end terraced property on a busy road. The business has branding and signage on display above a fully glazed frontage. Inside, the main salon has a welcoming reception area, three mirrored styling stations and two backwash sinks. There is also a kitchen area and toilet facilities. All areas are well equipped and presented nicely.

STAFF
The business operates with one part time member iof staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
Gaynor Marie's has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £41,724 and gross profit of £31,293. Full financial information is available upon request.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies an enviable trading position in a busy residential area of Leeds. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new beauty services and longer opening hours. 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:
3-4 workstations
2 sinks front and back
2 hoods driers
Reception Counter