Asking price: £350,000

Sales revenue: £566,300

Net profit: £170,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are delighted to have been instructed to offer to the market this exceptionally well established top of the market unisex hairdressing business.

Founded over 40 years ago by the 2 vendors, the business is only now being reluctantly offered for sale as they are looking to retire.

The salon is without doubt one of the top few in the whole country with many long serving loyal staff, which is testimony to the exceptionally high standards of quality service it offers.

The salon offers a full range of hair treatments, as well as having a NVQ training school on the first floor.

The business has an exceptional reputation with many clients travelling from neighbouring counties. They have a very regular repeat customer base, which would make it an ideal acquisition for a master hairdresser, who has a lot of flair and a high degree of passion.

The décor, fixtures and fittings as well as the general ambience of the salon are all quite exceptional and it would be hard to see where they could be improved.

The salon employs 2 part time staff who each work approx 20 hours per week and 17 full time staff including the 2 vendors, between them they achieved annual net sales of circ £566,000 and reconstituted net profits of approx £170,000.

Our clients are quite prepared to assist a new purchaser during a hand over period to effect the necessary introductions to both staff and customers.

We are advised that stock at cost is approx £7,500.
REF: 9160CV





DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Employees: The salon employs 2 part time staff who each work approx 20 hours per week and 17 full time staff including the 2 vendors,

Trading hours: Mon-Thurs: 9am – 5.30pm Fri: 8.30am – 7pm Sat: 8am – 4.30pm

Location
The salon has an ideal high visibility location on a very busy main through road of a principally residential area of a major town in the West Midlands.

The town can be accessed by the M6, M69 or the M40 motorways. The towns Coventry, Rugby, Warwick, Leamington Spa and Bedworth are all nearby.

Expansion potential
This is quite clearly the most exceptional of businesses in its field. It does however, still offer potential to increase sales and profits further by: 1. Opening longer hours, particularly on a Saturday 2. Encouraging more trainees to go for the full NVQ qualifications in their training school

Related documents

		Document