Superb Salon And Training School In West Midlands For Sale

Business description

SUPERB SALON & TRAINING SCHOOL - WEST MIDLANDS
Well presented & maintained throughout
Situated in the bustling city of Coventry
High amount repeat and new custom
Advised annual turnover of £439,025
Early viewing highly recommended
First floor hairdressing school
Genuine reason for sale
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this superb unisex hair salon and training school which has been established for around 60 years and has been in the careful hands of our clients for the last 43 years. Our clients are reluctantly offering the business to the market due to their desire to take well deserved retirement. Since our client(s) took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at £439,025 with a gross profit margin of 37% which is derived the provision of a full range of hair services including colours, cuts, perms, styling etc. Our clients generously offer NVQ apprenticeships to 16-18 year olds in hairdressing and customer services by training and passing on their knowledge and skills within the industry. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Property information

Property:

Leasehold

Lease terms:

Leasehold - Terms to be negotiated
Rent: £35,000pa

Location:

This superb leasehold hair salon is situated in North Coventry. The location is ideal as it sits on the main through road which leads to the centre of Coventry. The local area has a large display of residential homes with a good amount of commercial style businesses which all contribute to a consistent trade throughout the year. The location also benefits from having free of charge roadside parking making it a very easy convenience for all who wish to visit. Coventry is a very desirable business and residential city which offers everything you would come to expect from a modern and thriving area. The city also benefits from having very easy access to the M6 and M5 motorway with Birmingham's international Airport and The NEC less than 10 miles away making visiting and commuting very easy.

Premises details:

Two storey glass fronted property with highly visible advertisement sign, briefly comprising of:

GROUND FLOOR - Secure front entrance leading to: Reception/waiting area with seating, large product displays, and reception/payment counter.

Salon area 1 - 12 stations each with own power points and drawer unit, wall fitted hairdryers and colour machines, 3 backwashes and towel storage.

Toilet with wash basin and storage areas

Salon area 2 - Seating area for clients, 7 stations with own power points and drawer unit, wall fitted hairdryers and colour machines.

Salon area 3 (colour room) - Feature colour section with fitted display, 3 stations each with own power points and drawer unit, wall fitted hairdryers and colour machines, 3 backwashes and wash basin.

Staff room with kitchenette and lockers.
Stairs to first floor

FIRST FLOOR - Meeting/training room with large desk and seating, toilet with wash basin, storage cupboard, management office.

Training school salon - Fitted reception/payment counter, 3 stations each with own power points and drawer unit, wall fitted hairdryers and colour machines, 2 backwashes and wash basin.

Staff kitchenette and a training room with 5 perimeter stations, central table and chairs.

EXTERNAL - Free of charge roadside parking