Asking price: £150,000

Sales revenue: £500,000

Net profit: £33,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a wonderfull opportunity to aquire a hair and beauty salon that offers the highest standards of Hair and Beauty treatments available on the market in luxurious spacious surroundings. The salons success has been built on the efforts of all the individuals working in the business to provide a level of expertise and attention that could be unique to the hair and beauty industry.

Established in 1999 the business is located in the main High Street in a busy town centre in Co. Durham and is one of the largest privately owned independent hair and beauty salons in the North East. They offer their customers a superb range of both hair products and beauty treatments. These include advanced cutting & colouring techniques, partial and full hair extensions, all performed by highly trained stylists in one of the 22 work units available.There are six beauty rooms which offer a wide range of beauty treatments including, Facials, massage, waxing, nail treatments, tanning treatments, body contour wraps plus araomatherapy and collagen treatments plus many other beauty treatments.

The business has invested in its equipment and staff with regular training a high priority, keeping the salon at the forefront when it comes to modern styling and beauty techniques. The business has achieved an enviable reputation, with clients coming from far and wide to visit the salon. They have a high retention rate with their clients, many of which have been with the salon for years.

Key Strengths:

This is a beautiful modern spacious salon with up to the minute décor and equipment giving a wonderful all round hair and beauty experience to its clients.

The salon has a highly trained and skilled team of stylists and beauty therapists who are all well versed in the latest techniques and methods available on the market keeping the salon at the forefront of their clients minds and helping to keep up their high client retention rate.

Financial Information:

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

The turnover is circa £500,000 per annum with Net Profits of circa £33,000.
There are substantial assets within the salon of circa £94,000.

Years established: 1999

Employees: There are two directors. There is also a full time manager, 13 fully qualified stylists, 4 beauty therapists, 4 apprentices and two receptionists.

Property: Leasehold

Lease terms
The rent is circa £25,000 per annum and rates are £4,000 per annum. A new rental period agreement is available for new owners

Location
Originally the salon used to be two units which were converted into one large salon unit . Downstairs there is a reception area, a dispensary, a coffee room and the hair salon with 22 work units. Upstairs there are 6 beauty rooms and a bathroom.

The rent is circa £25,000 per annum and rates are £4,000 per annum. A new rental period agreement is available for new owners

Support & training
The owners would be happy to help out with a smooth transition of the business and help in anyway possible.

Reasons for selling
Owner is moving abroad.