Unisex Hairdressing Salon In Cheshunt For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £64000 with a net profit of £21000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or a partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Unisex Hairdressers Salon and Colour Specialist.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Hairdressers Salon which has been established since 1960. The business has been in the hands of the current owner since 1991 and 2011 and now wishes to sell due to retirement.

Services
This very good business opportunity provides Unisex Hairdressers Salon and Colour Specialist.

Staffing
The concern employs 2 part time staff.
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
As far as competition is concerned there is another similar business some ½ a mile away.

Market
The client base consists of Locals and passing trade.

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 Mondays and Late evenings.
• Becoming more efficient with staffing levels.
• 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.


The present annual turnover is £64000 with a gross profit of 85% and a net profit of £21000. The wages are £26000. The present value of the stock is £1500.
The potential turnover of the business within the next 2 years is forecast to reach £85000 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

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 4.5 years remaining. The rent is £6250 pa with a review in4.5. The lease may be renewable or negotiable for longer term if required. The rates are £1200.p.a.

Leasehold rent:

£6250pa per annum

Location:

- Situated in High Street area of Cheshunt in Hertfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
- Well linked with the A10.
- Schools and Tesco Head Office all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 35ft x 25 ft. The front is branded with an attractive glass front. The main customer service area is tiled/with % hair cutting stations 2 sinks and 3 drying stations.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Size in square feet:

35ft x 25ft

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 Mondays and Late evenings.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is another similar business some ½ a mile away.

Reasons for selling:

due to retirement.

Trading hours:

Tuesday –Thursday 9.00-5.00
Friday 9.00-6.00
Saturday 8.30-4.00

Employees:

The concern employs 2 part time staff.

Years established:

51yrs

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:

£5,000 (included in the asking price)

Inventory / Stock value:

£1,500