Well established hair and beauty salon for sale

  • Price: £44,950
  • Annual Turnover: £97,663
Hertfordshire, England, England
Seller Ref:B07348
For Sale

Well established hair and beauty salon for sale

Hertfordshire, England, England
Seller Ref:B07348
  • Price: £44,950
  • Annual Turnover: £97,663

Overview

Seller Ref: B07348

Description

Business
Please quote reference B07348


CoGoGo are delighted to welcome to the market a highly rated hair and beauty salon in Hertfordshire.


The business was first established by our client in 2004, building up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is extremely popular within the local area. 


The hair and beauty salon has now come to the open market due to family circumstances. 


The business offers hair and styling services for both men and women and also offer colouring services, using Alfaparf Milano products. They also offer beauty treatments to clients like nails, lashes and tanning. 


Key selling points –

  • Much loved community driven salon business
  • 5 star Facebook reviews
  • 4.7/5 Google reviews score
  • Excellent long lease in place
  • Large salon space with lots of further growth potential
  • Low rent and running costs
  • Experienced team in place
  • Business handover offered


Scope to improve –

  • Increase the number of stylists/beauty therapists
  • Extend current opening hours
  • New website/online booking system
  • Social media & leaflet drop advertising
  • Add aesthetic treatments

Location
The hair and beauty salon is located in Hertfordshire.


The salon is centrally located along a busy parade of community shops. 

Premises
Ground floor – 

  • Reception area
  • Open plan salon with 8 hair stations
  • Colour store area
  • Staff kitchen
  • Beauty room
  • Tanning area
  • Toilet facilities

Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 20 year lease. The current rent is £5,600 per annum, with the rent increasing annually by £100. The business rates payable is £3,476 per annum. 

Hours
The current trading hours are –


Monday – Closed
Tuesday – 9:00am to 5:30pm
Wednesday – 9:00am to 5:30pm
Thursday – 9:00am to 7:00pm
Friday – 9:00am to 7:00pm
Saturday – 8:30am to 5:00pm
Sunday – Closed

Staff
We are advised that the business has 4 members of staff. 

Financial Profile
Further financials can be made available upon request. 

Is this business relocatable:
No
Is stock included:
NA

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