Superb Hair Salon In Dorchester For Sale

Business description

Highlights:
• prime shopping centre unit adjacent to waitrose
• serving high end of market in wealthy catchment
• high quality shop fit
• rising sales with potential to extend hours
• genuine reason for sale
• early viewing strongly recommended


LOCATION:
The business forms part of the covered walkway within the Tudor Arcade, which links South Street with Charles Street and one of the principal car parks, in the very centre of Dorchester.

BUSINESS:
This newly established hair salon occupies a wonderful location within a prestigious retail development in the very heart of the town adjacent to a Waitrose supermarket and close to a number of other major national retailers as well as established independents.

Targeting the premium end of the market, the salon, which has been fitted out to a very high standard, offers the very latest in hair colouring and cutting techniques to both men and women using Redken and Pureology hair care products, also selling GHD hair straighteners and stylers. Sales are growing steadily and the opportunity exists to extend hours to take advantage of the supermarket footfall. There is a genuine reason for sale and an early viewing is strongly recommended.

YEARS ESTABLISHED:
The business opened in November 2010

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales have been growing steadily and consistently since opening, reaching the annualized Vat registration threshold (£73,000) in September 2011. The business targets the high end of the market in a wealthy catchment area and there appears to be considerable growth potential from extending opening hours into the evening to take advantage of the supermarket clientele. More detailed trading information is in the course of being produced.

REASON FOR SALE:
The vendor has been offered a position within the ambulance service, a career she has always wished to pursue.

STAFF:
The vendor, who works full time in the business, is supported by one highly qualified full-time stylist, a part time stylist who works on Saturdays and a junior, who also works full time.

OPENING HOURS:
Monday to Friday: 9.00am to 5.30pm
Saturday: 8.30am to 4.00pm
Sunday: Closed

The adjacent Waitrose supermarket opens until 8pm from Monday to Saturday

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The premises form part of a terrace of retail units in the covered part of the arcade and therefore benefit from shelter during wet weather.

A fully glazed entrance door and large display window to the side are set within a wooden frame between brick faced pillars with prominent signage over. The door opens into:

Main Salon (7.7m x 3.7m):
• High quality wood effect floor covering
• Suspended ceiling with integral fan heater, adjustable spot lights and diffused lighting panels
• Further track lighting over window display
• Glazed display shelving within the window area
• 2 x cream leather effect chairs for waiting clients
• Oblong wooden reception counter with receptionist’s stool
• Tall Red Ken product display unit
• 4 x styling positions each with full length mirror, glass shelf, stainless steel foot bar, power to side and adjustable cream leather effect styling chairs
• 2 x back wash stations with black crocodile leather effect chairs
• 3 x mobile pedestal units
• 2 x high level glass shelves for towels and product displays
• 2 x further wall shelves
• To the right rear a nylon string curtain gives access to:

Kitchen/Stock Room (1.6m x 1.9m):
• Flooring to match main salon
• Suspended ceiling with diffused lighting panel
• Stainless steel sink unit with single drainer to side, cupboard below and roll edged work top to the side with refrigerator under and 2 x wooden shelves over
• 3 x wooden shelves to the opposite wall used principally for the storage of colour stocks
• Wooden door to:

WC:
• Flooring to match main salon
• Suspended ceiling with diffused light panel
• Low flush WC
• Corner mounted ceramic wash hand basin with glass shelf and wall mirror over

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None

PARKING FACILITIES:
The Tudor Arcade is served by its own car park (free for 90 minutes with a stamped ticket) and there are several other town centre car parks within a short walking distance.

LEASE TERMS:
The premises are held on a 5 year lease from 22 October 2010 on internal repairing terms. In common with the overwhelming majority of shopping centre developments the leases do not contain an automatic right of renewal. Rent of £18,000 is payable with no further review due until lease renewal in October 2015. A service charge of c £2,000 pa is payable being a contribution of 4.21% of the shopping centre management costs.

Property information

Property:

Leasehold