Asking price: £195,000

Sales revenue: £230,000

Net profit: £50,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Premier health and beauty clinic located in prime High Street retail position specializing in high technology treatments


Operating as a beauty salon for over twenty years and under the stewardship of the current Owners for the past seven and a half, this is a very well managed and successful business. Transformed into health and beauty clinic offering a wide range of high technology treatments and firmly positioned in the mid to upper end of the market, this business has established itself as a firm favourite amongst affluent professionals, drawing its Clientele from many miles around.

Positioned in a prime retail location on the High Street of this historic West Sussex market town, this business offers up to date, effective and relaxing treatments including all of the standard treatments - facials, LA Stone Therapy and holistic therapies, including aromatherapy and Indian head massage, for example.

Health care registered, it is for its wide range of specialist, hi-tech medical aesthetic treatments, however, where this business clearly differentiates itself – in many cases being the exclusive provider of these treatments within a wide catchment area. Its range includes IPL hair removal and skin rejuvenation, Infrared Laser skin tightening treatment, sclerotherapy and Veinwave as well as the increasingly in demand Botox treatment. Products used within the salon and available for retail have also been carefully chosen to complement this market positioning being those mainly found only in the major beauty clinics.

Not the usual minimalistic, wood laminate floored, clinical, sterile concept often favoured for the décor of many beauty salons, this business operates from very well suited premises – a beautiful beamed building, decorated to a very high standard with furniture from Philip Starck including ghost chairs. Four warm, inviting treatment rooms together with a manicure area are professionally fitted with the finest equipment. The staff, a full time Manageress, three full and two part time therapists and a part time receptionist are equally impressive, with the therapists, very well trained and highly qualified to deliver the treatments on offer – and with the Owner, working limited hours, responsible for the day-to-day operation of the salon. .

This clinic has an extensive base of 2,500 loyal, satisfied, repeat customers, all drawn by the highly personal and attentive service they receive, leaving the Client safe in the knowledge they are in expert hands and who leave the clinic having experienced the ultimate in health and beauty therapy.

With a turnover of almost £230,000 – having risen consistently in recent years, generating a gross profit in excess of £180,000 together with the equipment, conservatively estimated to be worth £80,000 this represents an excellent opportunity to acquire a high-tech, quality beauty clinic with a large, loyal, affluent repeat Client base and significant potential for future growth. This business would be an ideal acquisition for an existing medical practitioner – a Nurse or Doctor, for example looking to extend their business interests.

Equipment:

The salon has all of the equipment normally associated with a business of this scope and size as well as some of the most advanced equipment available including a Skin tightening laser, an Ipl hair and rejuvenation laser, LED light technology, an Endermologie machine, a Caci machine, a medical grade Dermabrasion machine and a Vein wave machine, amongst others.

A full schedule of equipment is available on request.

Well established, this is a very innovative and progressive healthcare registered clinic, offering a range of services and technology well above anything on offer elsewhere – negating what little competition there is locally and drawing customers from many miles around. It has a very experienced, highly trained, longstanding team with extensive knowledge of the treatments available, delivering the range of services on offer to a very high standard. Such is its Healthcare registration compliance record, no inspection will be required in the current year.

Not surprisingly it can boast an extensive, repeat customer base – with up to 80% of turnover arising through repeat visits. Alongside its treatments this business’s retail offering focuses on some of the sector’s highest profile brands – products normally only found in major clinics. As a result this business enjoys far higher than average transaction values – treatment and retail products combined - for a business of this nature.

This business has performed consistently well throughout its many years of operation - with the most recent years showing significantly increased turnover and profitability. Located in a prime retail High Street position with low overheads – this business is easily accessible by the high volumes of affluent professionals that are abundant in this market town and its surrounding villages.






Key opportunities:

There is a tremendous opportunity to build on the existing base of this business. With a strong local demand for the services of this business, there is the capacity to increase turnover and profitability for a new owner contributing fresh ideas and outside influence to build on a very impressive base.

Whilst this business currently opens quite extensive hours, there is certainly scope to extend these – by operating during the evenings and in Sundays, for example, with a consequent impact on turnover and profitability.

This business offers the most technologically advanced treatments and products carefully chosen for their quality and effectiveness. There is the scope to add to the range of services on offer – by introducing the latest generation of laser treatments for wrinkle removal for example or by incorporating additional holistic and alternative therapies within the service offering. More aggressive marketing of the services and the retail products at the point of sale as well as through this business’s very well designed, attractive and informative website could also significantly impact on the turnover and profitability of the clinic. As well as its own website, the business has recently invested in an e-commerce facility through which it is envisaged in excess of £100,000 of turnover will be generated per annum, which is also available in addition to the Asking Price.

Administration:

All administrative procedures are computerised and a wealth of management information is readily available. The business maintains ‘Healthcare Commission’ style records with all treatments recorded on individual Client files.

Financial information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for the most recent financial year for which figures are available was £231,000 generating gross profits of £178,000 and profits available to the Owners of the business including depreciation of almost £50,000.

The Asking Price of £195,000 is for a sale of the assets and goodwill in the business to include stock and equipment conservatively valued at almost £80,000.

Years established: 1992

Employees: Whilst ultimately responsible for its performance, the business runs mainly independently from the Owner, who works limited hours weekly, with the day-to-day running of the operation in the hands of a very capable team including a full-time Manageress, three full and two part-time therapists supported by two part-time receptionists. A well respected Consultant, employed on a freelance basis carries out Botox treatments monthly, with a Nurse providing sclerotherapy treatments and facial treatments, restylane and peelane etc on a shared revenue basis.

Trading hours: The salon is currently open: Monday and Thursday: 9.00am – 8.00 pm Tuesday 9.00 am – 6.00 pm. Wednesday and Friday: 9.00am – 6.00pm. Saturday: 9.00am – 4.00pm. The salon is currently closed on Sunday. Botox treatments are only available one day a month. Sclerotherapy treatments and facial fillers are available one day per week.

Property: Leasehold

Competition / Market
In a prime retail position this business has a head start as far as advertising and marketing is concerned benefiting from high levels of passing traffic and top of mind awareness as a result of over twenty years of operation. Most new business is generated from Client referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation. This business enjoys significant PR coverage having appeared in Hello magazine, the Daily Mail and RED in the past – and what press advertising this business undertakes is limited to RED magazine and the glossy lifestyle supplements of the local press.

Support & training
The current Owner will provide full training and ongoing support, as required, on all aspects of the business to ensure a smooth transfer to new Owners, although it is thought this will not need to be too extensive due to the skills and autonomy of the therapists in delivering the services offered and the divorced nature of the current owner from the day-to-day running of the company. Further support after this period could also be available subject to negotiation.

Reasons for selling
The current Owner wishes to pursue other business interests.