Cash and Carry Wholesale Hairdressing Supplies Business For Sale

Business description

This business was founded 34 years ago by the Vendor with a generous combination of innovative insight and entrepreneurial spirit. During this time the business has grown to become a significant enterprise with an enviable reputation within the Hairdressing supplies industry among independent and large high street salons for the quality and range of its products, reliability of supply and commitment to customer satisfaction.

The business offers a comprehensive range of Hairdresser’s products covering every level of affordability; high premium and economy and many with unique brand awareness.
Over the last 34 years the business has developed a strong and loyal customer base, some of whom have relations with the business extending as far back as the early days of trading.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that stock availability and levels are never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
Naturally, the industry as a whole has seen many changes over a 34 year period; however, as a benefit of comprehensive supplier relationships, the business has been able to maintain consistent control over costs and in so doing has maintained profitability throughout

Property information

Location:

The business trades from a single story, ground level, modern industrial unit of circa 1,000 square feet. The unit is located on a well known small industrial estate with ample parking and loading / unloading facilities. In addition to the warehouse space, office space has also been created. A new lease will be granted to the new owners for a period to be mutually agreed at an annual rental of only circa £6,250. In addition, business rates are currently circa £1,200 p.a.

Other information

Expansion potential:

The current market for this business is growing and is forecast in the near and longer term for significant growth. Considerable scope exists for an increase in operations, turnover and profit simply by adopting a more pro-active approach gearing operations in line with current technological availability.

The business has operated “cash & carry” trading for only approximately 23 hours per week. Whilst the business has remained profitable for 34 years, the Vendors are the first to acknowledge that turnover could be dramatically increased by extending the opening hours and by adopting a more pro-active approach to establishing new accounts and harvesting existing accounts. Substantial increases in turnover could also be achieved by the introduction of a sales representative who could secure additional orders through the implementation of regular scheduled visits to local salons.

Due to recent ill health the Vendor has not as intended developed a web presence for the business. An e-commerce site that allows for goods to be ordered and paid for online would create a new and presently untapped mail order arm to this business which would also allow the business to trade beyond its present geographical footprint.

Competition / Market:

As the company benefits from strong customer loyalty, repeat business and numerous referrals, the present owners have previously not been motivated to advertise and as such substantial untapped potential exists for the new owners

Support & training:

The current owner has established a wonderfully loyal clientele and is willing to assist the new buyer in whatever way he can to ensure a seamless transition for both the owner and his clients.

Reasons for selling:

After 34 years of profitable business the Owner has in light of some recent health concerns decided to take early retirement and spend more time with his family and manage his property portfolio.

Trading hours:

The business has for many years only traded during the following hours:Monday: 10am – 5pm.,Tuesday & Wednesday: 10am – 2pm.Thursday: 10am – 2pm & 5pm – 6.30pm.

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