Excellent Norwich Hair & Beauty Salon For Sale

Business description

Key Business Strengths & Opportunities :

§ Enviable long term customer base & Circa 80% repeat business
§ Reputation established for over 15 years
§ Exclusive range of hair & beauty products
§ High gross margins
§ Lovely, well refurbished premises
§ Reputation for quality & service
§ Strong opportunities to increase sales from existing customer base

This is a lovely, well-run business that is highly regarded in both its own city, and throughout the county due to consistent word of mouth recommendation. It’s core activities include a sophisticated hairstyling and nail salon, a product retail area and fully comprehensive beauty treatments.

To compliment the quality of its customer service, the business operates from beautifully refurbished premises in one of the most prestigious and busiest parts of the City and therefore benefits from excellent foot-flow.

The style & creative principals have not been at the exclusion of good business practices and, as a result, the gross margins are above average and remain robust. The established name and reputation has meant that over 80% of its business is repeat customers and, consequently, there is excellent scope to add extra sales and profit with a little concentrated marketing.

Property information

Property:

Leasehold

Leasehold rent:

£20,000 per annum

Location:

The shop is located in the centre of the City and benefits from strong footflow from both local office and retail workers and tourists who regularly visit.

Premises details:

The business operates from two floors of a premises which has been tastefully refurbished in the last few years.

Other information

Expansion potential:

The premises have scope to accommodate more stylists and beauty therapists. For the new owner this creates opportunities for further growth.

Competition / Market:

Because the business has been establsihed for over 15 years and the staff are well trained and enthusiastic, the competition does not have an adverse effect on the business.

Support & training:

The owners will be delighted to offer all the support and training required by the new owners.

Reasons for selling:

Retirement

Trading hours:

9.30 to 5.30 Monday to Saturday

Financing available:

Sunbelt business Brokers East Anglia has strong relationships with a number of lenders and will assist the buyer in raising the required finance.

Furniture / Fixtures value:

£32,000 (included in the asking price)

Inventory / Stock value:

£39,500