Business
Please quote reference B07481

CoGoGo are delighted to welcome to the market a highly rated and well presented hair salon in Cornwall. 

The business was first established by our client in 2019, building up an excellent reputation and loyal client base. As seen by the online ratings and reviews, the business is extremely popular within the local area. 

The hair salon has now come to the open market due to our clients desire for a change of direction. 

The hair salon is a fresh, luxury salon in Cornwall dedicated to providing exceptional hair care with an unparalleled focus on attention to detail, value for money and customer service.

The business offers a range of hair treatments including –

• Cutting and styling
• Balayage and Colour
• Hair Extensions
• Curly Hair treatments

The sale will include the company website and social media platforms and the business enjoys great visibility online.

Key selling points – 

• A well established business with an enviable reputation and many existing customers. The business is currently adding 7-8 new clients each week
• Prime trading position in the centre of town with loads of footfall
• Current owner happy to offer an handover to ensure the continued success of the business
• Ideal owner managed or partnership business
• A real opportunity to increase turnover and profits significantly. Business is increasing on a weekly basis.
• Price to facilitate a quick sale, values much higher.

Scope for further growth –

• Advertising and Marketing campaign
• Maximise the use of social media
• Invest in SEO and PPC to drive new customers to the business
• Consider offering a customer loyalty/ card scheme
• Sublet two of the beauty rooms to complementary business for an additional income stream
• Introduce other beauty services such as nails, brows, lashes etc

Location
The hair salon is located in SouthEast Cornwall/Devon border. 

There are a number of inexpensive, public car parks within easy walking distance of the salon. 

Premises
The business occupies three stories of a period, terraced building which is presented to the highest standards and fastidiously maintained and briefly comprises;

Ground floor –

• Reception desk area
• Customer waiting area
• 8 Hair stations and 2 backwash stations
• WC’s with toilet and hand wash facilities
• Access to the rear courtyard space
• Store room

First floor –

• Staff room with washing machine and dishwasher facilities
• Seperate backwash room
• Hair loss room that offers subletting potential or could be used to provide further hair stations

Second floor –

• Generous beauty room that also offers subletting possibilities if not required

Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 10 year lease (A 5 year break clause in November 2023). The rent is £10,000 per annum. 

Hours
The current trading hours are –

Monday to Wednesday – 9:00am – 5:00pm

Thursday to Friday – 9:00am – 6:00pm

Saturday – 8:30am – 4:00pm

Sunday – Closed

Staff
We are advised that the business is run and managed by the owner, with the help of 1 full-time self employed stylist, 3 employed part-time stylists and 2 full-time apprentices. 

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £157,000. Further financials can be made available upon request.