Hair & Beauty Suppliers In Hertfordshire For Sale

Business description

Established in 1984 by the current owners this business found its own niche market and began to thrive immediately, going from strength to strength. From its modest beginning it is now considered to be a major force within the industry, in the area it services.

All leading, major brands of beauty and hairdressing products, plus equipment and accessories are supplied to the trade and to colleges. The business supplies hair & beauty kits to the colleges that are required by students for each new intake year. All products are supplied from the company’s substantial and recently refurbished and customized showroom premises. Some retail trade is undertaken from the showroom premises, which measure approx. 3,500 square feet.

In addition to the products supplied they also run a variety of professional training courses for the hair and beauty industry, in their fully equipped on-site training facilities. These are run to a high and exacting standard, culminating in industry recognised awards. Courses range from hair cutting, colouring and extensions to massage, Indian head massage, waxing, eyelash, manicure and pedicure courses, theatrical make up and many more. They are constantly updating and introducing new courses; these are not only in-house but are also run in conjunction with the industry leaders.

In the time they have been trading they have achieved and maintained a high standard of products, service and technical staff leading to an extremely high reputation and are recognised as such by their extensive customer base. This is evidenced by the high number or repeat customers and of the growth achieved, primarily through word of mouth recommendations.

In addition to the cash and carry there is a mail order service offering next day delivery to the trade. This ensures that the service offered to customers is not only fast and flexible but means that salons can rely on receiving the products ordered, when they need them.

As a profitable well established turnkey business with superb growth opportunities this is a business opportunity not to be missed.

Customer Service:

A client centred, welcoming and friendly service is offered with excellent professional advice. Every effort is made in order to satisfy client requirements. This business does everything possible to enhance its excellent reputation and to develop commitment to customers' needs providing thorough and high, added value service; with a promise of trust earned over the many years where customer service is paramount.

Key Strengths:

This business benefits from an excellent location and offers an extensive range of hair and beauty products etc., equipment and accessories at affordable and competitive prices.

The business is well established and profitable, with a strong and increasing customer base, retaining a high level of return custom, many of whom have done so on a regular basis for many years.

The company has earned an outstanding reputation for its honesty, service, reliability, customer relations and for its highly knowledgeable and experienced staff.

The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of margins at no loss to custom - a clear competitive advantage.

Key Opportunities:

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 products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform, with additional opportunities of extending the opening hours on Saturdays and Sundays.

There could also be opportunities by increasing the area served, increasing the relatively small amount if business from mail order and increasing the on-line and retail areas of the business, combined with a more aggressive sales and marketing strategy.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with low overheads, positive cash flow, good gross and net profit and has shown growth over its many years of trading. Current turnover is circa £810,000 per annum with high gross and net profits. In addition to this will be the stock, currently circa £135,000. The turnover for the period January to April 2008 has increased by 30% on the previous year and is expected to continue at this increased level.

Property information

Property:

Leasehold

Lease terms:

There is a new 5 year lease signed early in 2008 at £22,450 per annum rent, fixed for the lease period, with rates payable of £11,508 per annum.

Location:

Leasehold the premises are circa 3,500 square feet and comprise of a fully fitted showroom, which has recently been refurbished a very high standard and has excellent and well laid out sales space to display its wide range of industry leading products, equipment and accessories. In addition there is a warehouse/delivery area, fully equipped training room, offices, kitchen and two WC’s.

Outside there is parking on the building forecourt for three vehicles with additional parking for six vehicles in the adjacent car park.

There is a new 5 year lease signed early in 2008 at £22,450 per annum rent, fixed for the lease period, with rates payable of £11,508 per annum.

Other information

Expansion potential:

The current market for this business's products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has used very limited advertising in the past and an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets, various methods could be used in this regard including press advertising, leaflets, brochures and direct mail. A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers. Although the business does have a web presence there is no doubt that turnover and profits could increase if this was upgraded to a full e-commerce site. A professionally designed e-commerce site could allow potential customers to view the extensive range of brand name products on offer and order online giving excellent potential to increase the turnover in the future.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

After 23 years of constantly building the business the current owners have decided to retire and pass on this thriving and profitable opportunity to younger and more energetic hands.

Trading hours:

Monday: 09.00am – 7.00pm
Tuesday – Friday: 09.00am – 5.00pm
Saturday: 10.00am - 2.00pm
Sunday: 10.00am – 1.00pm