- Businesses for sale
- Advert Details
- Advert ID: 692337
- (Seller ref: 8876DE)
Profitable Hair Salon Established 40 Years For Sale
- Derbyshire, United Kingdom
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- Business description
- Advent Business Sales are delighted to offer for sale this highly profitable hair salon.
It has been trading for in excess of 40 years with the current vendor at the helm for the last 4½ years.
The owner has reluctantly decided to sell in order to pursue a totally different business venture with her husband.
The salon caters for the needs of older ladies and provides cuts, sets, shampoo, colours and perms.
The business is very busy and per square foot is a very profitable business.
Customers are very regular and come from the local area.
The reputation of the business is excellent. In fact, all customers arrive by word of mouth recommendation as no advertising is conducted.
The vendor is prepared to conduct a detailed hand over.
Stock at cost is in the region of £1500.
There is potential to increase takings and profits further by advertising in a local publication as well as in the church magazine.
A new owner may also perhaps decide to refurbish the salon.
Our client has indicated that she is willing to consider reasonable offers.
We have viewed the accounts, which show a net profit of £42,000 after the owner’s wages of £4,800 per annum.
We feel that a purchaser will be hard pressed to find such a profitable business operating from the small premises, which also benefit from very low overheads.
This is a very genuine sales due to family circumstances and is an opportunity that any serious hair stylist cannot turn away.
REF: 8876DE
- General information
- Employees: The vendor, who is the main stylist together with two part time shampooists, staffs the salon.
- Trading hours: Mon: 8.30am – 5.00pm, Wed – Fri: 8.30am – 5.00pm, Sat: 8.30am – 1.00pm
- Property:Leasehold
- Lease terms:TENURE: Leasehold Original lease: Renewable Remaining lease: TBC Review every: TBC Rent: £5832 P.A. We are advised that the annual business rates are currently: £620
- Living accomodation:BUSINESS PREMISES A ground floor retail unit briefly comprising of: Ground Floor - Entrance door - Small reception table - Waiting chairs - 4 hair dryers - 3 work stations - 1 back wash - 1 front wash - Rear kitchen/staff facilities
- Location:Our client is located within a parade of retail shops. The parade consists of a convenience store, chemist, post office, double glazing business and a salon serving the young market.
The parade draws a high level of footfall. The main primary school is situated on the same road on the opposite side, whilst the senior school is within a quarter mile.
The A38 links the area to the A50 and subsequently the M1 and M6 motorway networks.
The immediate area is surrounded by a high number of semi detached residential stock as well as new build homes. - Financing available?Please let us know if you require finance for the purchase of a business.
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