Highly Profitable Leasehold Unisex Hairdresser In Dorset For Sale

Business description

The particular highlights of the business are:
- A well established business and the market leader in the area.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £290,000 pa with a net profit of £80,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good, loyal, well trained and highly professional staff.
- A good first time buyers business and ideal purchase for an experienced and up market hairdresser.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a first class service in unisex hair dressing, comprehensive advice and consultation on style, colour, style maintenance, treatments and hair products.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Unisex Hairdressers which has been established since 1991. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a first class service in unisex hair dressing, comprehensive advice and consultation on style, colour, style maintenance, treatments and hair products.
Staffing
The concern employs 3 full-time and 4 part-time staff. The wages are £78,000.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in the local press, various internet links and has a website.
Competition
As far as competition is concerned there are other similar businesses within the area but this concern has a higher profile and has the reputation of being the market leader.
Market
The client base consists of local residents up to a 10 mile radius.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include beauty therapies.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website to include e-commerce and e-booking.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 23 years with 19 years remaining. The rent is £12,900 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £850 pa.
Viewings

Leasehold rent:

£129,000 per annum

Location:

- Situated in the Town Centre area of a Busy and Historic Market Town in Dorset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A31, A350 and A348.
- Bournemouth, Poole and Christchurch all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 800 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
Ground Floor
On the ground floor there is a well presented entrance and reception area.
First Floor
On the first floor leading up from the reception area there are two good sized salons, both approximately 400 sq ft, to the right and left at the top of the stairs.
Second Floor
On the second floor there is a treatment room and office.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include beauty therapies.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website to include e-commerce and e-booking.

Competition / Market:

As far as competition is concerned there are other similar businesses within the area but this concern has a higher profile and has the reputation of being the market leader. Market

Reasons for selling:

other business interests

Trading hours:

Monday to Saturday: 8.00am – 5.00pm
Sunday: Closed

Employees:

The concern employs 3 full-time and 4 part-time staff. The wages are £78,000.

Years established:

1991

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£8,000 (included in the asking price)

Inventory / Stock value:

£8,000