Multi Location Hair Salon Chain For Sale

Business description

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity, which has never before been brought to the market for sale.

This company has been dynamically driven and managed from its origins stretching back some 27years, with the second Director joining the team in 2004. During this time the business has developed an enviable reputation in its main Home Counties trading area and beyond. Economic performance has been steadily growing throughout, giving a solid platform for a new owner to develop further from.

With generic experience stretching back for 30 years, this business has used that experience to expand in to its four locations in the Home Counties area and has built up an excellent reputation to match. The enterprise is now well placed to offer a wide range of hair treatments to its loyal and established client base.

The key to the success of this business is its focus on quality in all the services that it provides. An in-house minimum standards handbook has been developed, and staff are encouraged to reach very high standards throughout their career as they progress from trainee to experienced stylist. This emphasis on quality means that the staff are a real asset to this business, and they are encouraged to expand their knowledge through passing the relevant qualifications (NVQ levels 1, 2 and 3 are offered).

The business offers styling, hair colouring, hair extensions, bridal packages, mens grooming and chemical straightening across its four salons. With over 30 work stations available, the business has the capacity to generate a high level of revenue. The business is also somewhat unique in offering Afro-Caribbean styling services at two of its locations.

The business has an enviable client base of mid to high end clientele. As well as listening to customers and responding to their needs over the years, the business also maintains contact with its customers through use of a bespoke computer database which targets them individually for direct mail follow ups etc..
This business is a member of the National Hairdressers Federation, and contributes to the Hairdressers Benevolent Fund.
Equipment:

This sale includes Assets (Furniture, fixtures and fittings etc.) and Stock worth approximately £160,000.

Customer Service:

As both Directors are well known and regarded in the hair industry, the business has marketed itself from a designer hairdressing angle and has worked hard to maintain their reputation for leading edge hair care and excellent service.

By utilising their customer database, the salon chain aims to keep in constant contact with clients and encourage them to use the various services at their disposal.

Key Strengths:

The business’ strongest point is its outstanding reputation, making it the hair salon of choice for anyone in the local area.

As a result it has a loyal, very well-established customer base. Such consistent demand has allowed the business to expand into afro-Caribbean hair styling – a service which few competitors can offer.

By offering quality through training, the business is maintaining its current reputation and ensuring its future will be just as successful.

Property information

Property:

Leasehold

Lease terms:

. The total rent payable across the four locations come s in at approximately £61,000 per annum, with approximately £7000 per annum payable in rates.

Location:

All four premises are leasehold and are located in carefully selected excellent locations. The time remaining on the leases ranges from 6 years to 14 years. The total rent payable across the four locations come s in at approximately £61,000 per annum, with approximately £7000 per annum payable in rates.

Other information

Expansion potential:

Despite the current economic downturn, personal beauty care is deemed by many to be essential and therefore demand is expected to remain consistent.

With a customer database and high end clients, it would be a logical step for the business to introduce a range of beauty services, such as skin and nail treatments. Direct mail could be used to encourage existing customers to take advantage of such new services.

The business could also increase its income by opening on Sundays, thereby increasing capacity to offer appointments outside of the working week. As there is currently only one receptionist at one site, employment of a receptionist for each site may also encourage more appointments by footfall.

Competition / Market:

The business is well advertised. Advertisements are placed in local newspapers and glossy magazines, as well as on its website and through brochures. The business uses targeted direct mail to build on its existing client base. The business also benefits from one Director’s involvement in writing columns for several editorials.

Support & training:

All training and support during handover will be supplied willingly as part of a successful sale package.

Reasons for selling:

Diversification

Trading hours:

Monday: 9.00-5.00 Opening times differ slightly at each location. Tuesday: 9.00-8.00 Wednesday: 9.00-6.00 Thursday: 9.00-6.00 Friday: 9.00-8.00 Saturday: 8.30-5.00