Hair & Beauty Salon In North Shields For Sale

Business description

"When it comes down to natural beauty Everyone has the right to SHINE."

A growing nail and beauty business that has been established for 4 years and now boasts a good reputation in the area.

Whilst the owner seeks to sell for personal reasons, this business represents a great opportunity for someone looking to move into the sector and has facilities to readily combine beauty with hairdressing; an area that has been relatively untapped to date.

Well presented and fitted out, this well located, growing and profitable business is ready for further expansion. Worth a look???

BUSINESS INFORMATION

‘Shine’ was set up by the existing owner in 2004 and has seen good growth year on year, with an established client base.

Focusing initially on nails, nail extensions and u/v free spray tanning, where the business has an unrivalled reputation, Shine now offers the complete beauty treatment including manicures, hand makeovers, waxing, air-brush tanning as well as a variety of makeovers (e.g. facials, bridal makeovers).

Facilities exist to include hairdressing within the range of services and this remains a relatively untapped market that could easily be incorporated within the business.

Well respected business with an emphasis on quality throughout, Shine represents an ideal opportunity for someone looking for a business in the sector which is successful, but with definite potential for further growth.

BEAUTY PRODUCTS AND STOCK

The shop carries a wide range of beauty products stock including Paul Mitchell haircare as well as various nail care and cosmetic products.

PREMISES

Located in Nile Street in North Shields, the business is equally close to North Shields town centre and residential areas to the north of Albion Road.

The premises are leased over two storeys, the current owner having refurbished the premises to suit the business.

On the ground floor, behind double fronted display windows, is a well presented front retail area including a reception, nail bar and comprehensively stocked display stands. To the rear are hairdressing stations with mirrors and sinks, whilst there is laminate flooring throughout.

Stairs lead to the first floor where a further 2 treatment rooms are well equipped providing space for beauty treatments, one room including a spray tanning booth. The rooms upstairs include 3 beauty couches and 2 waxing trolleys with products.

TENURE

The premises are leased with next renewal due 1/08/2009. Current rent payable is £4,500 per annum, with business rates quoted at £165 per month.

FINANCIAL INFORMATION

Current financial information is held and can be released to serious enquirers against the signing of a confidentiality agreement. Current turnover as at April 2007 can be quoted at £56k.

OPENING HOURS

Current opening hours are :

Tuesday & Wednesday 10.00 - 14.30 then 16.00 - 17.30
Thursday 10.00 - 19.00
Friday 10.00 - 17.30
Saturday 10.00 - 15.30

STAFF

There are 2 part-time employees in addition to the owner.

BUSINESS SUMMARY

Shine provides an ideal opportunity for someone looking to take over a well managed and respected business, but where further expansion is available by promotion of hairdressing to compliment the prevailing nail and beauty treatments.

The emphasis on quality throughout this business has been key to its growth and establishment since its opening in 2004, Shine is well worth looking at for those interested in having a business in the sector of for those looking to expand existing businesses.

All enquiries via Renown Commercial Ltd

Property information

Property:

Leasehold

Lease terms:

The premises are leased with next renewal due 1/08/2009. Current rent payable is £4,500 per annum, with business rates quoted at £165 per month.

Location:

Well placed retail shop close to North Shields' main retail area, but within easy reach of an extensive residential area.

Other information

Expansion potential:

There is distinct potential to expand the hairdressing / haircare side of the business.