Two Hair And Beauty Salons In Upmarket Areas For Sale

Business description

HISTORY

• Both salons were started by the present vendor, one 5½ years ago and the other 1½ years ago.

REASON FOR SALE

• The salons are only now being reluctantly offered for sale as the vendor is wishing to pursue an alternative unrelated new business venture.

PRODUCTS

• The salon uses many products within the businesses which they also offer for sale, they include
o L’Oreal,
o Inoa,
o Fudge,
o Milk Shake,
o Dermalogica
o St. Tropez

SERVICES

• Both unisex hair salons with attached beauty rooms
• Hair includes
o Wash, cut and finish,
o Foils & tints,
o Perms,
o Trims
o Keratin blow dry
• Beauty includes:
o Manicures & pedicures,
o Waxing,
o Massages,
o Eyebrow and eyelash shapes and tints,
o Spray tanning
o Latest fish spa

CUSTOMERS

• Both salons draw their clients from the locality, which are predominately residential

STRENGTHS

• Good established salons which have been trading for 5½ and 1½ years
• Excellent high visibility location which are both virtually next door to Tesco’s on the same site
• Outstanding presentations throughout with a new vendor having nothing to do after take over
• Very good customer reputation with a high repeat and referral trade from other happy clients
• Growing annual sales of £182,000 at one salon and £150,000 at the other









DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

Salon 1:
• Leasehold
• Original Lease: 5 years
• Remaining Lease: 4 years
• Review every: 5 years
• Rent: £21,000 per annum
• Rates: £4,500 per annum
Salon 2:
• Leasehold
• Original Lease: 6 years
• Remaining Lease: 4.5 years
• Review every: 6 years
• Rent: £21,000 per annum
• Rates: £4,500 per annum

Location:

• Both salons are situated in upmarket residential areas of Berkshire.
• Both are in the same site as Tesco’s with high footfall levels and free of charge parking

Premises details:

Salon 1
• Centre entry door from wide pavement into the salon
• Reception desk
• Retail area
• 3 comfy tub chairs for waiting clients
• 7 work stations
• 2 back wash
• Fish spa
• Beauty room
• Kitchen plus staff room and store room
• Disabled w/c
• Rear fire exit door to rear car park

Salon 2
• Off centre entry door into the salon
• Reception desk and retail area
• Centre island
• 8 work stations
• 2 back wash
• Single nail bar
• 2 beauty rooms
• Kitchen, staff room and store room
• w/c
• Both salons are fully alarmed and have 4 camera CCTV systems
• Extremely well presented throughout

Business Operation

Expansion potential:

• Opening the salons for more hours to fall more in line with the closing times at Tesco’s
• There is scope to actually extend one of the salons
• Both salons have the scope to increase beauty sales in particular manicures and pedicures

Trading hours:

• Mon, Tues, Thurs & Fri: 9am – 6pm
• Wed: 9am – 8pm
• Sat: 8.30am – 4.30pm

Employees:

• 8 part time staff at one salon and 7 part time at the other • Each staff member works between 22 and 24 hours per week • All staff are stylists with 3 qualified beauticians at one salon and 2 at the other • The vendor works full time in the business with varying times at each salon.

Other information

Related documents:

• 
• Sales particulars

• 
• EPC