Leasehold Hair Salon In Basingstoke Price Reduced For Sale

Business description

Phoenix Business Transfer Agents are delighted to place onto the market this high quality business opportunity, which was established by the owner in 1975. He has built the business by offering a unique hair experience and has combined this with business acumen and a strong emphasis on service. Every detail of the clients’ experience has been raised to a very high level. He now wishes to sell so that he can now diversify his business activities.

The salon provides hair styling for ladies and gents and enjoys a diverse clientele. The full offerings you would except from such a quality business are on offer with an emphasis on middle market.

The concern employs 3 trainees who undertake the usual apprenticeship tasks. They are paid between £80 - £90 per week each. In addition to this there is a full time stylist who receives £275 per week plus commissions. There are also 4 part time stylists who work up to 3 days and are paid £ 50 per day. Finally 2 self employed stylists pay a rental of £60 per day and work 3 to 4 days per week.
The owners’ role is as a full time stylist and managing the business which he does 5 days a week.

The owner markets the business in large local stores such as Debenhams and also uses the local radio which has proven successful. There are also regular leaflets distributed and there is a website.

There is much local competition but the business offers a very unique and friendly experience which retains the clientele and the business is always attracting new clients.

The business is run with the aid of I salon software which offers many features to aid the growth of the business.
The particular highlights of the business are:
- A high quality service with an exceptional client experience
- A very profitable business
- Training facilities which attracts good local talent for the future
- The salon employs good, popular stylists and is one of the premier salons for employment or self employment
- The business is long established but has grown with the times and offers a very modern experience in period yet contemporary surroundings
- The client owns the freehold of the premises
- A very well known business which has been very carefully grown and nurtured.
- Very large client database

The concern has huge potential. In particular the turnover and profits can be increased by:
- Offering a more varied service. The large client base could also enjoy various types of beauty treatments which could include nails, massage and a full range. This could easily be achieved with the space that is available in the salon and with the aid of 2 full time additions to staffing
- More promotions with maximum use of the client database. The owner lives in London and spends much of the time with clients so is not always able to spend much time on the future development of the concern.

The owner would be available for a business familiarisation period if required

Property information

Property:

Leasehold

Lease terms:

The Owner is willing to offer a new lease of between 10 to 15 years with a review in 5 years. He is looking for a rental of £20,000 per annum

Living accommodation:

Property Details This very well presented property is set over three floors and is a period building. It is stooped with history and is over 300 years old. It has links with Jane Austin and royalty. Upon entrance there is a lobby area with a cloakroom immediately in front. There is an open entrance to one of three cutting studios although the premise is completely open plan with many original features. The first studio has 5 workstations and also houses a retail area. To the right of the entrance is the reception area with waiting seats. Clients are offered a selection of beverages. There are 4 hair wash stations and a further 4 work station studio with exceptional lighting and 2 TV monitors for client comfort. There are stairs to a lower floor which lead to 2 training workstations on an elevated level. This area has storage and three arched coves which offer an unusual feature. First Floor There are stairs leading to the first floor which has a staff area, kitchen, storeroom and an L shaped owners office. External To the front there is a pedestrianised courtyard area which leads to a car park and to the side there is a fire exit from the first floor.

Location:

This very well presented hair salon is situated in a small courtyard, within a walkway into the main car park. It lies just off the main street in the town centre, within a pedestrianised area. It enjoys huge pedestrian flow as it is the hub of the commercial activity in Basingstoke. There are many banks, offices and well known High street retail names in the area. The car park is a very strong feature for the salon. It offers excellent advertising of the premises which is exceptionally presented. It is an imposing period building stretching along the courtyard and is on a corner plot.
Basingstoke itself is a prosperous town which has good transportation links to the rest of the country. Newbury is only 15 minutes away by car which offers access to the M4 motorway.

Business Operation

Trading hours:

The Business opens from 9am to 5pm on Mondays, Fridays and Saturdays. On Tuesday, Wednesdays and Thursdays the concern is open until 8pm.

Employees:

3 trainees 1 full time stylist & 4 part time stylists

Years established:

33 years

Other information

Support & training:

The owner would be available for a business familiarisation period if required