Highly Profitable Hairdresser In North London For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £150,000 pa with a net profit of £76,000(see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for an experienced hairdresser.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a high quality and creative unisex hairdressing service.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Highly Profitable Hairdressers which has been established since 2001. The business has been in the hands of the current owner since 2001 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides a high quality and creative unisex hairdressing service.

Staffing
The concern employs 2 full-time staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in through various internet sites and has a website.

Competition
As far as competition is concerned there are a number of similar businesses in the area.

Market
The client base consists of local residents and passing trade with a high volume of repeat customers from a large database of client history maintained by the current owner.

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 services to include beauty, nails and massage.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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 £156,000with a net profit of £76,000. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 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 12 years with 4 years remaining. The rent is £15,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £5,156.

Leasehold rent:

£15000pa per annum

Location:

- Situated in Finchley Road in North London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely 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 A41, A407 and A502.
- Belsize Park, Hampstead Heath, Fortune Green and Golders Green all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 40M x 45M. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled. It is very well presented in the style of an art gallery (the majority of artwork on display will remain in the business when sold) and is very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.

Size in square feet:

40m x 45m

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 services to include beauty, nails and massage.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there are a number of similar businesses in the area.

Reasons for selling:

now wishes to sell due to other business interests.

Trading hours:

Monday to Friday 12noon - 7.30pm
Tuesday and Saturday 10am - 7.30pm
Sunday Closed

Employees:

The concern employs 2 full-time staff.

Years established:

10 years

Other information

Support & training:

Monday to Friday 12noon - 7.30pm Tuesday and Saturday 10am - 7.30pm Sunday Closed

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£10,000