Asking price: £65,000

Sales revenue: £161,000

Net profit: £25,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This well established quality unisex hair and beauty salon has been established since 1966 and under the current ownership since 1998. From the moment customers enter this establishment they are taken care of in relaxing and professional surroundings by fully trained and professional staff and are instantly aware of the expertise in this industry.

The business specializes in hair styling, wet-cutting, perming, organic hair colouring, conditioning treatments and their possibility of beauty room for nail care, body massage etc. They are well known for their quality of work and service, range of services and retailers of hair and beauty products.

The salon provides quality hair care to both male and female clients and benefits from over 30 years trading from these premises. The premises have also recently been refitted to very high standards making this salon a modern and stylish place to be, with ten work stations, three back wash, nail bar room and a beauty room.

It is perhaps in customer care however where this business really excels with an excellent reputation for customer service. This business follows the most stringent standards of controls concerning professionalism, hygiene, cleanliness and image. It is dedicated to efficiency of service and customer care, aiming to exceed expectations at every visit. All their staffs are trained to the very highest standards ensuring that each and every client gets everything they need from their visit.

The business has a superb name, with lots of growth potential and occupies a great location which cannot be underestimated. This is a great opportunity for a new owner to build on the solid foundations built by the vendor and take the salon and the opportunities that lie ahead for it, to the next level.

Equipment:

The business is fully equipped and was re-furbished to a high standard just two years ago.

Customer Service:

This is a business that has been built on and thrives on the service each and every customer receives. From entering the premises to the time of leaving, each customer is looked after and made to feel special, thus ensuring the high levels of repeat custom will always be maintained.

Key Strengths:

Due to the high level of personal service received by all customers, work is always available ensuring a good annual turnover and has been on form financially over many years and is well positioned for strong future growth.

Success is due to the quality and professionalism of the staff services offered. This business flourishes on word of mouth recommendations with clients staying loyal. Location is another great strength of the business set in this affluent town, being perfectly placed in the town centre location with excellent exposure and accessibility.

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.

Turnover circa £161,000 generating a gross profit of circa £143,000 and net profit of circa £25,000. The adjusted net profit of the business is circa £38,000.

Years established: 1966

Employees: In addition to the owner the business employs four full time and two part time stylists and one receptionist who all are highly skilled and motivated employees and assets to the business.

Trading hours: Monday – Tuesday 9.00 am – 5.30 pm Wednesday – Friday 9.00 am – 7.00 pm Saturday 9.00 am – 5.00 pm

Property: Leasehold

Lease terms
The rent is reviewed every five years with rent approximately £12,000 per annum and rates payable of circa £3,000 per annum. Lease is easy to renew.

Location
The salon has all of the equipment normally associated with a business of this scope and as required by all stylists with 10 stylist stations, 3 back wash, 1 nail bar room, 1 beauty room, staff room, office, wash room, kitchen, and entrance to serviced toilets. Located on the first floor the premises have a very high standard interior and has been refurbished up to highest standards just 2 years ago.

The property is on a ten year lease that expires in September 2012. The rent is reviewed every five years with rent approximately £12,000 per annum and rates payable of circa £3,000 per annum. Lease is easy to renew.

Expansion potential
This business is based in an attractive location and could certainly achieve increased sales and profits. They are based in an affluent and highly desirable location and could certainly achieve increased sales and profits. The current clientele is predominantly local buisness ladies, meaning there are several other areas of clients who could be attracted to this professional extablishment. The company is well positioned for its next period of growth. With increased marketing, a small investment in developing a website and some new energy, revenues could be significantly increased with greater sales and better efficiency.

Competition / Market
The business does not have a web presence and the introduction of a good web site could increase turnover and profits using this additional medium It has used very limited advertising in the past and an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets, various methods could be used in this regard including press advertising, leaflets, brochures and direct mail. Most new business however is generated from repeat business, client referrals and word of mouth recommendation, bearing strong testimony to the business's excellent reputation and high levels of Client satisfaction. The business does some occasional advertising and benefits from lots of passing traffic due to excellent location.

Support & training
The owner will provide a handover period and is happy to provide ongoing support thereafter.

Reasons for selling
After many successful years the owners now wish to move abroad.