Shropshire Outstanding Unisex Hair Salon And Nail Bar For Sale

Business description

OUTSTANDING UNISEX HAIR SALON AND NAIL BAR - SHROPSHIRE
Early interest and viewing is highly recommended
Sale includes website and fixtures & fittings
Just off the main high street in Newport
Newly refurbished to a very high spec
Advised annual turnover of £90,486
Well established business
Low annual rent of £7,000
Low overheads
LEASEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this well respected and established unisex hair salon. The business has been established since 1983 and has been in the careful hands of our client for the last 21 years but she has worked there for 7 years previous. This superb concern is only being offered to the market due to our client wanting to pursue other interests. During our clients ownership she has undergone a brand new refit to a very high standard along with new retail displays (where they retail TIGI products), fixtures and fittings included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Our client informs us that the annual turnover for the salon is £90,486. The business takes 80% of its turnover from ladies styling where they offer contemporary cuts and colours along with hair extensions, the remaining 20% is taken from gents haircuts. The business benefits from lots of repeat business and has plenty of free parking which the high street can't offer. The business is owner operated and employs 2 full time trainee stylists, 1 full time stylist and 3 part time stylists. We believe that there is still potential to increase turnover by extending working hours and running the staff on a rent a chair basis. Early viewing is highly recommended as this business cannot be missed. Our client had recently introduced a nail bar to the salon which offers nail extentions and manicures. This service is only being offered part time at the moment so there is plenty of scope to be developed into full time and increase the annual turnover.

Property information

Property:

Leasehold

Lease terms:

Original length: 7 years
New lease available
Rent: £7,000pa

Business Operation

Trading hours:

Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:30pm
Wednesday: 9:00am - 6:00pm
Thursday: 9:00am - 5:30pm
Friday: 9:00am - 7:00pm
Saturday: 8:00am - 2:00pm
Sunday: Closed