Asking price: £55,000

Sales revenue: £60,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
EXCEPTIONAL UNISEX HAIR SALON - WEST MIDLANDS
Situated in the very desirable area of Sutton Coldfield
Advised turnover £60,000 pa with good profit returns
Early interest and viewing is highly recommended
Own large rear customer car park (very rare)
Well presented and appointed throughout
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this exceptional salon which was first established by our client in 2008 who is only now placing it onto the market due to her strong desires for retirement. The business which is run and managed by our client with the assistance of staff achieves a respectable advised turnover of £60,000 which is derived from offering a first class hair service to a wide range of customers throughout the year. The salon also offers a sunbed, spray tan and nail service with lots of scope to add additional beauty treatments if desired. The business is enjoying excellent levels of repeat trade with a very high percentage of customers visiting frequently. The salon also sees a healthy amount of new visitors from good word of mouth recommendations and from the highly visible trading location set on a main through road. Our client has gone to considerable expense and effort on modernising the salon to an exceptionally good standard which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. The property also has a sizable private car park which is a huge plus for customers and is very rare in the area. We feel that this is a very desirable opportunity for someone who is looking for a well presented salon in a very favourable location and we urge early interest and viewing.

Property: Leasehold

Lease terms
Leasehold - Original length: 5 years Remaining: 4 years, Rent: £9,000pa

Living accomodation
Very well presented salon, briefly comprising: GROUND FLOOR Full glass fronted salon, excellent advertising space and a secure front entrance leading to an open plan salon area with front seating/waiting area, several product displays and cabinets, reception/welcoming desk with phone system and small storage space, 4 well spaced work stations with own power points, free standing nail station, 2 fitted backwashes, toilet with wash basin, sunbed room with wash basin, cellar access door (currently unused), spray tan room with booth and equipment and rear private area. Open plan staff area comprising of: Kitchenette with wash basin and fitted cupboards, worktops, colour storage and mixing space, plus breakfast bar with stool seating. EXTERNAL Rear private courtyard area enclosed via large fencing with large private car park for 6 + vehicles

Location
This exceptionally well presented unisex hair salon is located in the popular area of Sutton Coldfield, Birmingham. The salon has an ideal trading location situated on a main through road which links Birmingham city centre to Sutton Coldfield and sees a mass of traffic on a daily basis. The business also benefits from being situated just off the main High Street which brings a large amount of visitors and shoppers to the area throughout the year. Other neighbouring buildings include a fine selection of residential properties which in turn gives the salon a large customer base within a short travelling distance. Sutton Coldfield is one of the most desirable and sought after residential and business locations in Birmingham due to its beautiful parks, excellent shopping facilities, high quality housing, good schools and hospitals. Sutton Coldfield is located about 8 miles from central Birmingham, to the Northeast of the city. It is very accessible via the M6 motorway which is situated just 5 miles away. The M6 connects to many other major motorways including the M42 and M5 making UK travelling very easy.