Asking price: £139,950

Sales revenue: £287,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
An outstanding opportunity to buy a long established and renowned hair and beauty clinic.

CROWDS HAIR & BEAUTY was established in 1974 and trades from prominent premises in West Monkseaton that are superbly fitted throughout. This business comes with a strong brand and represents an excellent business or investment proposition.

BUSINESS INFORMATION

CROWDS HAIR & BEAUTY was established in 1974. The business is well renowned and provides a comprehensive range of hair and beauty services to clients across the North Tyneside coastal area. With an emphasis on quality throughout all areas of the business, CROWDS maintains a strong reputation and brand name in the sector and represents an outstanding opportunity to purchase an established and well known business.

PREMISES

CROWDS trades from prominent leasehold premises in West Monkseaton. Located on the roundabout linking Seatonville Road and Cauldwell Lane and benefiting from free parking within yards of the premises, the business occupies 3 floors of this large property as follows;

FRONT ASPECT

An attractive front aspect with double fronted display windows containing product display stands. Entrance leads to carpeted hallway and reception area.

RECEPTION AREA - BEAUTY SALON

A light and airy reception area with fully fitted furnishings and display stands. White ceramic tiled flooring. Large fitted cupboards provide storage at far end of reception area.

Also leading off the reception area is a UPVC door providing access to a small but well maintained courtyard that offers a pleasant area to sit in the summer.

TREATMENT ROOMS

There are 4 treatment rooms leading off the hallway / reception area, all with laminate flooring and equipped to a high standard.

KITCHEN

Along a further small corridor is access to the stairs leading to the first floor as well as a kitchen area for use by staff.

CORRIDOR & STAIRS TO FIRST FLOOR

Whilst access from the beauty salon is available, this corridor is usually closed off as there is a separate access from the street to the hair salon on the first floor. The picture opposite shows a sign detailing some of the services available to clients and is located on the stairs to the first floor hair salon.

FIRST FLOOR RECEPTION - HAIR SALON

Leading off the reception area is a further beauty treatment room, a stand tanning unit, a shower room with toilet, small cloakroom and a kitchen. Reception area comes complete with further product display stands.

HAIR SALON

Via an open access, the first floor hair salon adjoins the reception area. With 14 stations and a further 4 chairs and sinks available for shampooing etc, this is again a well presented and recently upgraded area. The salon benefits from newly installed air-conditioning and has porcelain tile flooring throughout.

A large spacious working area, there is also a small staff room (with lino flooring) and kitchen, whilst there is a further staircase leading to the ground floor that provides an emergency exit. The additional 4 chairs with sinks adjoins the main salon and this area benefits from large mirrored storage cupboards.

SECOND FLOOR

A carpeted staircase leads from the hair salon reception area to a converted loft space that contains an office, 2 further treatment rooms (1 large) and another shower room with toilet.

TENURE

The premises are leased via a 12 year lease with effect from 1st January 2000, with rent reviews every 3 years. Advised that current rent payable is £15,500 per annum, business Rates currently £2,740 per annum, water rates £840 per annum. It is recommended that interested party have solicitors verify the details of the lease as current lease has not been seen.

LOCATION

Excellent retail location on the junction of Cauldwell Lane and Seatonville Road in the popular residential area of West Monkseaton, near Whitley Bay on the North Tyneside coast. About 8 miles of east of Newcastle, yet with easy reach of the city centre, West Monkseaton and the surrounding coastal towns are popular with commuters.

FINANCIAL INFORMATION

Accounts are held for the year to December 2007 and figures for 2008 are expected very soon. Full details can be provided to interested parties against the signing of a confidentiality agreement.

OPENING TIMES

Current opening hours are as follows;

Monday 9 - 5pm
Tuesday 9 - 8pm
Wednesday 9 - 6pm
Thursday 9 - 8pm
Friday 9 - 7pm
Saturday 8.30 - 4pm

STAFF

Currently the business employs 2 full time therapists, plus 2 part time, 4 full time stylists, 1 full time 'junior', and a further 1 part time stylists.

OTHER BUSINESS INFORMATION

The business undertakes a wide range of beauty therapies and treatments and full details of its services are available. Likewise, the business is being sold extensively equipped. A full list of equipment, fixtures and fittings are available as an appendix to these sales particulars.

Businesses of such renown are rarely bought to the market. Benefiting from being long-standing, well established and first class, fully equipped premises, this business comes highly recommended to interested parties.

Property: Leasehold

Related documents

		Sales Particulars