Unisex Hairdressers In Kingston Upon Thames For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £62,400 pa with a net profit of £15,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- This business opportunity provides seven styling stations, hair styling and associated retail products.

History
Agents are delighted to place onto the market this thriving, busy unisex hairdresser which has been established since1987. The business has been in the hands of the current owners since 1987 and she now wishes to sell due to wishing to retire.

Services
This very good business opportunity provides seven styling stations, hair styling and associated retail products.

Staffing
The concern employs 1 full time and 1 part time member of staff. They are paid at the rate of £6.10 per hour. The total wage bill is £12,688. All staff would stay on after a sale.

Owners Role
The owners’ role is managing and working in the concern and works full time.


Marketing
The owner markets the business in Yell.com, Thompsons Local and Tolworth Recreation Centre and has a website.

Competition
As far as competition is concerned there are three 3 nearby but this does not affect the business.

Market
The client base consists of locals, business people and a significant number of people from local college and surrounding areas.

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 opening hours to include Monday.
• Increasing the product line to include more associated retail products.
• With an enhanced website.

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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 16 years remaining. The rent is £8,000 pa with a review in every 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £2,000.

Leasehold rent:

£8,000 per annum

Location:

- Situated in Cambridge Road area of Kingston-Upon-Thames in Surrey.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A232, A2043 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 22ft x 12 ft. The front is branded with an attractive glass front and there are manual shutters. The main customer service area is tiled with seven styling stations. It is very well presented and is very conveniently laid out.

To the rear is a store room, toilet, staff facilities and a fully equipped kitchen

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 opening hours to include Monday.
• Increasing the product line to include more associated retail products.
• With an enhanced website

Competition / Market:

As far as competition is concerned there are three 3 nearby but this does not affect the business

Reasons for selling:

Retirement

Trading hours:

Tuesday to Saturday – 09.00am to 5.30pm
Sunday & Monday – Closed

Employees:

The concern employs 1 full time and 1 part time member of staff. They are paid at the rate of £6.10 per hour. The total wage bill is £12,688. All staff would stay on after a sale

Years established:

25 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

Furniture / Fixtures value:

£15,000 (included in the asking price)

Inventory / Stock value:

£1,500