Asking price: £55,000

Sales revenue: £184,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We are pleased to offer to the market this well established and popular unisex hair salon with excellent future potential.

Established over 30 years ago and owned by the present owner over 12 years, the business is only now being reluctantly offered for sale as she wishes to semi retire.

The salon has an enviable local reputation with a large regular repeat trade from many loyal local customers.

The salon is decorated to a very high standard and includes 11 work stations, 3 back wash and 3 dryers, 1 of which is a climazone.

Advertising is very minimal with new customers coming from personal recommendation and word of mouth.

The salon employs 2 full time and 2 part time stylists and 2 full time juniors. The vendor currently works approximately 4 days per week. They achieve excellent net annual sales of approximately £184,000 with adjusted net profit of circa £43,000.

The vendor is willing to do a hand over period, if required to ensure a smooth transition to a new buyer and to effect the necessary introductions to staff and clients.

We are advised that stock at cost is approximately £2,500.
REF: 9303SL








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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

Years established: 30

Employees: The salon employs 2 full time and 2 part time stylists and 2 full time juniors

Trading hours: Mon-: closed Tues- Thurs: 9am – 6pm Fri: 9am – 7pm Sat: 8am – 4.30pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 years Remaining lease: 5 years Review every: 5 years Rent: £14,000 P.A. We are advised that the annual business rates are currently: £3,000

Location
The salon has an excellent high visibility location on a main arterial road of a very upmarket town in Berkshire.

The salon is situated on a small parade of complimentary businesses, who all contribute in attracting good footfall levels to the area.

Nearby businesses include Somerfields, vets, estate agents, takeaway, furniture shop and a building society.

The business is located just off the M4 motorway and nearby towns include Slough, Windsor and Maidenhead.

Expansion potential
The business is clearly very successful, it still however, offers excellent scope to increase both sales and profits by: 1. Opening on a Monday, longer on a Saturday and with an additional late night. 2. The business could advertise more and have its own website 3. The salon could cordon off a corner of the room to form a beauty area which could also offer a nail bar.

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