Very Well-known, Hair Salon, in the centre of Otley

  • Leasehold Price: £24,950
  • Annual Net Profit: £20,000
  • Annual Turnover: £80,174
Otley, West Yorkshire, England
Seller Ref:DB10569
For Sale

Very Well-known, Hair Salon, in the centre of Otley

Otley, West Yorkshire, England
Seller Ref:DB10569
  • Leasehold Price: £24,950
  • Annual Net Profit: £20,000
  • Annual Turnover: £80,174

Overview

Seller Ref: DB10569

Description

Alan J Picken are delighted to offer this Very Well-known, Hair Salon onto the market, which is only offered for sale, and we suspect with a slight tinge of reluctance, as our client wishes to relinquish the responsibilities of owning/running the business and enjoy some extra time with her family.

The business occupies a prime position in the centre of Otley within the bustling New Inn Court, adjacent to multiple retailers and close to local amenities.

Our client offers a full range of hair services in a friendly and professional environment. The business offers all aspects of hairdressing including creative cutting/colouring to traditional styling for female and male clients.

Over the years the business has established an excellent reputation throughout Otley and surrounding areas, and a local and loyal clientele has been established.

Takings on 2023 accounts £80,174 (chair rental circa £42,000).
Gross Profit £72,319.
Adjusted Net Profit in excess of £20,000.
There is huge scope to increase the turnover by maximizing the first-floor salon via rent a chair/more staff or beauty services.

Our client will give every assistance to ensure a smooth transition.

We trust this will prove a resoundingly successful acquisition, especially for a dedicated owner proprietor to continue to exploit the full potential and derive maximum profits.

Business £24,950 + SAV
Otley, West Yorkshire.
Leasehold.
Reference. DB10569

Location Details:
The business occupies a prime position in the centre of Otley within the bustling New Inn Court, adjacent to multiple retailers and close to local amenities.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation

Listed By:

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