Asking price: £285,000

Sales revenue: £50,800

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and popular freehold unisex hairdressing salon with attached 3 bedroom family home.

Founded over 40 years ago and in the proud hands of the current vendor for 22 years, the business is only now being reluctantly offered for sale as she and her husband are planning to immigrate to Spain.

The salon has an excellent local reputation with a high repeat and referral trade drawn from the local area and its surrounding villages.

The salon, which is unisex, offers all the standard cuts and trims as well as highlights, tints, bleaching and perms.

Trade is approximately 40% gents and 60% ladies and with a large age spread from young school children to pensioners. Its work is very competitively priced and is well below that charged by the larger town centre establishments.

The premises are very well presented throughout and a new buyer would have no work to do whatsoever on takeover.

The vendor currently works alone in the business, which ensures overheads are kept to a minimum, resulting in excellent net profits being achieved on a consistent basis.

We are advised that stock at cost is approximately £600.

This is a very well run salon with excellent potential, good net profits and is an ideal first business with a solid foundation and would be perfect for an experienced stylist.
REF: 9356GL

Trading hours: Mon: closed Tues – Fri: 8.30am – 7pm Sat: 7.30am – 1pm

Property: Freehold

Location
The salon has an ideal unopposed trading location on a busy arterial road of an affluent village in rural Gloucestershire. The area is predominantly residential, although there are 3 nearby schools and the village also has a post office, fish and chip shop, butchers and a petrol station. Parking is free of charge on street with no time limits.

Nearby towns include Monmouth, Drybrook, Lydbrook and Marstow.

Expansion potential
Our client clearly has a very successful business, it does however, still offer excellent scope to increase both sales and profits by: 1. Increasing the low process currently charged 2. Open longer on a Saturday and/or on a Monday 3. Advertising/leaflet drops in the nearby villages 4. renting out a chair

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