Well Established Hair Salon in Northampton

Established in 1976
Prime Shopping Parade Location
Accounts Year End 30th April 2018
Annual Turnover £26,869
Gross Profit £25,992
Low Rent £86.50 Per Week
Retirement Sale
Owner Operator
Currently Short Opening Hours
Scope For Additional Services/Beauty Treatments
Enviable Reputation
Free Parking Close By
EPC - C
REF 6675 – Leasehold Hair Salon

Blacks Brokers are pleased to bring to the market this leasehold hair salon located in a densely populated area of Dallington, Northamptonshire.

INTRODUCTION

Michael Lesley has been trading on Park Square since 1976. Our client established the business to meet local demand for a quality hair salon in this area. The business is well known and has a good reputation in the area with a large base of regular customers. Excellent online reviews are noted on Google and Facebook.

LOCATION

The business is positioned within a popular shopping parade neighbouring a combination of both independent retailers and large multiples such as Ladbrokes. The area is well linked by the M1 with good public transport links and free parking in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale and 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 a rolling three year lease which began in late 2016 at a cost of £86.50 per week.

BUILDING LAYOUT AND DESIGN

Michael Lesley operates from the ground floor of a spacious, mid terraced property. The business is well branded with large signage displayed above a mainly glazed frontage. Inside, the salon is presented well with tiled flooring throughout and neutral décor. There are five styling/cutting stations and a back wash area with comfortable seating area to the front. To the rear of the salon is a second room currently used for storage – this offers great potential for the introduction of a beauty room. There are also toilet facilities and a yard to the rear.

STAFF

The business is currently operating with one member of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Michael Lesley has traded well during the last four decades. We are advised that the business currently has annual turnover of £26,869 and a gross profit of £25,992. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. 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. There is plenty of scope to develop the business further with the introduction of beauty services. New opening hours to accommodate late nights would also be beneficial. 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:
All Hair Dressing Tools & Equipment

2 Sinks

5 Seated Dryers

5 Styling Stations