Quality Leasehold Hair & Beauty Business In Maidenhead Berkshire For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £75,000 with a net profit of £50,000(see financial summary below).
- A business with great potential which has not been exploited because the owners have other business interests.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader or a partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a high quality hair and beauty service.

History
Phoenix Business Transfer Agents are delighted to place onto the market this quality leasehold hair & beauty salon in Berkshire which has been established since 2009. The business has been in the hands of the current owner since inception and they now wish to sell due to other business interests.

Services
This very good business opportunity provides a hair & beauty service including massage, manicure, pedicure, threading, waxing and numerous other services.

Staffing
The concern employs 2 full time staff and the wages £17,000 per annum.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of ladies and some male clients also use the business.

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 more treatments and more retail sales.
• Increasing the opening hours to include late and opening on Sunday & Monday.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

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.


The present annual turnover is £75,000 with a gross profit of 90% and a net profit of £50,000. The wages are £17,000. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Location:

- Situated in the local estate of Maidenhead in Berkshire.
- Part of a parade of two shops.
- Excellent free parking facilities immediately outside the premises.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- A very discreetly located concern.
- Commercially thriving area.
- Well linked with the M4 & A404 motorway. Reading and Slough lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area which is also very affluent.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of 2 shops and is approximately 28ft x 50 ft. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is wooden with 5 work stations and also a wash basin to the rear and a nail bar. It is very well presented and is very conveniently laid out. To the rear there are toilets, staff facilities and a fully equipped kitchen.

Size in square feet:

28ft x 50ft

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 more treatments and more retail sales.
• Increasing the opening hours to include late and opening on Sunday & Monday.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

now wish to sell due to other business interests.

Trading hours:

Tuesday – Saturday – 9.00am - 6.00pm.
Sunday & Monday Closed

Employees:

The concern employs 2 full time staff and the wages £17,000 per annum.

Years established:

2 years

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:

£15,000 (included in the asking price)

Inventory / Stock value:

£2,000