Business
Please quote reference B07603

CoGoGo are happy to welcome to the market a highly rated and luxurious hair salon located in Essex. 

The salon is a long established business, becoming a much loved and well respected salon within the area. As seen by the ratings and reviews on Facebook and Google, the business is extremely popular. The business has been recognised as being the leading independent salon in the area.

The hair salon is now being sold, due to the vendors wishes to enjoy a well earned retirement.

Each team member in the business works to ensure that their clients experience fantastic hairdressing combined with exceptional customer service.

The business offers an affordable luxury that is enjoyed by over 600 clients each month.

The business has been a finalist in multiple categories of the British Hairdressing Business Awards.

The business offers a range of services for men, women and children including;

• Cut and Blow Dry
• Blow Dry
• Men’s Cut & Finish
• Hair Colouring
• Freehand and Balayage services
• Hair straightening
• Bridal and Hair-up session styling
• Speciality Treatments
• Hair Extensions

Additionally, the business retail a range of hair products and gift cards through its in-salon shop and via its e-commerce website.

Key selling points – 

• A well established business with an enviable reputation, unopposed and featuring a large existing customer base
• Current owner happy to offer a handover to ensure the continued success of the business
• Ideal owner managed or partnership business
• Perfect bolt on for an existing Hair Dressing business looking for a foot hold in the area
• Prime trading position with loads of footfall
• A real opportunity to increase turnover and profits significantly by introducing a range of beauty treatments

Scope for further growth –

• Advertising and Marketing campaign
• Maximise the use of social media
• Invest in SEO and PPC to drive new clients to the business
• Introduce beauty treatments. Demand and room to offer
• Introduce a loyalty card / scheme
• Recruit additional stylists
• Extend the opening hours
• Increase retail sales through expanded use of website and in-salon initiatives.

Location
The hair salon is located in Essex. 

It’s a high footfall area surrounded by major high street brands. There is free parking for staff and customers behind the premises.

Premises
The business occupies generous ground floor premises ideally suited to the trade. There is a large salon with reception area, 17 stations, 2 backwash, separate colour area (or privacy area) and a retail shop

The salon is split up into 4 areas. 

Zone 1 – Reception & Retail store –

•  Custom built reception area, 2 computer stations. Glass front fridge and commercial coffee machine. Selection of retail displays with a wide range of hair cosmetics. 

Zone 2 – Salon area –

• A large spacious area containing 14 custom built styling units and 14 Takara Belmont styling chairs. 

Zone 3- Shampoo/Spa area –

• A private area with 4 Pietranera washpoints with electronic recline and foot-raise and offering shiatsu air massage. Storage area and another display unit.

Zone 4 – Private salon area –

• 3 Additional styling units with 3 Takara Belmont styling chairs. Area currently used for clients requesting privacy or having hair extensions. Ideally suited as a colouring area or offering beauty/nails/wellness treatments (based off a client survey). 

Tenure
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a mutually acceptable lease with the new buyer. The rent is £24,000 (including VAT) per annum. 

Hours
The current trading hours are –

Monday – 9:00am – 5:00pm

Tuesday & Thursday – 9:00am – 9:00pm

Wednesday & Friday – 9:00am – 6:00pm

Saturday – 8:00am – 5:00pm

Sunday – Closed

Staff
We are advised that the business is run and managed by the owner, with the help of 7 stylists, 4 juniors and 2 receptionists. 

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £540,000. Further financials can be made available upon request.