Summary
- Asking price:
-
£59,500
- Sales revenue:
- £100,000
- Net profit:
- £30,000
- Employees:
- Including the owner there are 5 stylists within the business all of whom have been with the salon for a considerable period of time. Two of the stylists are full time (5 days) and the remaining three of which the owner is one work 4 days a week. All staff are of a similar ability and have impressive levels of experience and qualifications including colour work , long hair, hair extensions and fashion settings.
Business description
This busy well established hairdressing and beauty salon was set up by the current owner some 14 years ago and in that time it has firmly positioned itself as a market leader within the area. The business has gone from strength to strength within that time offering exceptionally high standards in all hairdressing services.
As part of this service staff regularly attend training courses and are kept abreast of new products, treatments and initiatives by the owner who is herself a fully qualified trainer able to teach hairdressing qualifications at every level. Furthermore the salon has recently undergone a considerable fit-out at considerable expense to the owner to provide customers with a modern comfortable environment that is fully air-conditioned to maximise client comfort and ensure complete satisfaction. This also provides staff with all the latest equipment and gives them a platform to demonstrate their own talent and creativity.
The staff are a true asset of this business and are able to provide a comprehensive cutting and styling portfolio as well as colouring, perming, hair extensions and the like. In addition to this there is also the opportunity to develop further the range of beauty products and services the business provides as this only caters for about 10% of overrall sales at present.
Property information
- Property:
- Leasehold
- Lease terms:
- The premises are leasehold and a new lease would be made available to a new owner. Rent is approx £750 per month with rates of £99 per month.
- Location:
- The business operates from prime ground floor retail premises on a main street within the town centre with excellent parking available nearby. The salon is air-conditioned, has excellent frontage and enjoys a high level of passing trade. There a 5 hair stations and 3 wash stations within the front part of the salon and a further 3 hair stations and customer toilet towards the middle. At the rear of the building there is a staff area with kitchen and stock room. Total floor space is circa 1200 square feet. The premises are leasehold and a new lease would be made available to a new owner. Rent is approx £750 per month with rates of £99 per month. The salon has recently been refurbished and is in excellent condition.
Other information
- Expansion potential:
- There are many avenues for future growth, not least through a more active sales and marketing campaign and a more proactive approach to sales, especially on the beauty side. The salon could easily accommodate further growth within its current premises. This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
- Competition / Market:
- The business has an excellent catchment area. Its location is such that it serves a very large and diverse population base. Due to its enviable reputation and ongoing growth pattern the business has never seen the need to advertise as much of the growth has been achieved by word of mouth recommendation and referrals. In saying that with the advent of the new computer system the business is now able to do some direct mail to its existing database in the form of loyalty cards, vouchers, birthday cards and even mobile phone texting. This system is still relatively new to the business and it is expected to significantly assist in the future marketing of the business, This combined with customers ever increasing average spend at the salon has ensured a healthy flow of business over the years. The company has a full price list that details all services it provides.
- Support & training:
- The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new Owners
- Reasons for selling:
- Health reasons.
- Trading hours:
- Sunday & Monday Closed Tuesday-Friday 0900-2000 Saturday 0830-1630
Contact the seller
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