Business
Please quote reference B07562

CoGoGo are delighted to welcome to the market a highly rated luxurious and contempory Hair and Beauty salon in the West Midlands.

The business was established by our client in 2011, building up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is highly regarded within the local area.

The hair salon has now come to the open market due to our clients desire to spend more time with their families. 

The business is one of West Midlands most luxurious and contemporary hair salon brands. The salon has a team of highly trained and experienced team with an excellent reputation for their colouring services.

The business also offers –

• Hair styling, bridal hair, gents cuts, colouring, balayage, hair toning, hair treatments , Express service menu, Blowdry bar & Olaplex treatments.

The site also offers beauty treatments, with space rented to an independent therapist. The business website is very interactive, offering customers the opportunity to book online or view many informative tutorials. The business has over 1,000 followers on Facebook and over 1,500 followers on Instagram.

Key selling points –

• Loyal, hard-working team in place (with very low staff turnover)
• Eye catching salon with high footfall
• Un-rivalled reputation within this desirable area
• 4.6/5 Google review score
• Facebook 4.9/5 review score
• Extensive client base
• Treatment room rental income
• Excellent relationship with Lorea which includes lucrative training and purchase benefits
• Full business handover offered

Scope for further growth –

• Further develop the training academy side of the business
• Expand brand to additional sites
• Extend current opening days
• Bridal business hair off site
• Lash and brow business launching Oct 23

Location
The hair salon is located in West Midlands.

It’s a high footfall area surrounded by major high street brands and leisure facilities, with a customer car park on site (3 hours free parking). 

Premises
Ground floor –

• Large client waiting area
• Reception desk
• Retail display space
• Main salon space with blow dry area
• Colour store
• Backwash area
• Treatment rooms
• Kitchen & storeroom
• Toilet facilities
• 3 rental rooms

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on 10 year lease. The rent is £25,000 per annum. 

Hours
The current trading hours are –

Monday – Closed

Tuesday – 9am – 5pm

Wednesday – 9am – 7pm

Thursday – 10am – 7pm

Friday & Saturday – 9am – 5pm

Sunday – Closed

Staff
We are advised that the business has 10 members of staff. 

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £375,000. Further financials can be made available upon request.