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Busy Hair Salon, High Footfall Location, Growth Potential. For Sale

Telford, Shropshire
Asking Price:
£29,999
Sales Revenue:
£25,955
Cash Flow:
Available on request

Business
Hilton Smythe is pleased to have been appointed as the selling agent for Hair E Razor

Hair E Razor was founded by the current owner over 18 years ago and has been a real labour of love for her.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners’ personal circumstances and a need to look after an elderly relative.

She is keen to see her beloved business pass to an ambitious and entrepreneurial new owner who can take this lovely little business to the next level.

Hair E Razor is a small, friendly and busy hair salon which strives to keep up to date with all classic and modern hairstyles within a stylish and homely environment.

The business has an impressive number of regular customers but also enjoys a significant number of “walk-ins”.

Many of the regular customers have been using the business for years and are known on a first name basis by the current owner who is a popular and a well-respected member of the local community.

Services provided by Hair E Razor include;

• All cutting and blow-drying techniques
• Colouring / Perming
• Traditional Setting
• Barbering

The business has its own Facebook page and enjoys great visibility on the internet via sites such as ---.----------.--.--, ---.--------------.--.--, ---.----.--.-- etc.

Scope to Improve:
1. Advertising and marketing campaign
2. Website to advertise the services provided, ideally with an online booking facility
3. Maximise the use of social media particularly twitter and Instagram
4. Extend the opening hours, the business is currently trading on reduced hours due to the owner’s circumstances
5. Offer a discount to Armed Forces, Police, NHS employees etc
6. Explore online discounters such as Groupon and Wowcher
7. Consider subletting the first-floor room to a complimentary business
8. Rent chairs in salon
9. Introduce stand up sun beds and spray tanning
10. Explore the viability of offering nail and brow services

Reasons to Buy:
1. A well-established business with an enviable reputation and many regular customers
2. Low running costs with inexpensive rent and no business rates
3. Perfect trading position on a busy main road with loads of footfall and passing trade
4. All fixtures and fittings included making this a real Turnkey business opportunity
5. Little or no competition locally
6. Current owner happy to offer a handover to ensure the continued success
7. Ideal owner managed or husband and wife business.
8. A real opportunity to increase turnover significantly, current owner has been running at a pace to suit.
9. Priced to sell!

Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest

Location
Hair E Razor is located in Wellington in the county of Shropshire.

Wellington is a town in the unitary authority of Telford and Wrekin and ceremonial county of Shropshire and now forms part of the new town of Telford with which it has gradually become contiguous.

The total town population of Wellington was 25,554 in 2011 making it by far the largest of the borough towns and the third largest town in Shropshire when counted independently from Telford. However, the town centre serves a greater area of approximately 60,000.

Wellington can be reached more easily than many Shropshire towns, thanks to its excellent road links, it’s centrally located bus stations and its position on routes 45 and 81 of the National Cycle Network.

Wellington is located at the Western terminus of the M54 motorway, junction 7 and has good bus services making it one of the most accessible towns in Shropshire.

Hair E Razor is perfectly situated in a main road position at the start of Wellington town centre and thus benefits from good levels of footfall and passing trade.

The business is beautifully presented and fastidiously maintained with clear visible signage.

There are also ongoing building works taking place which, we are advised will bring potential new clients to the business.

There is free, on street parking in the roads surrounding the premises and there are a number of inexpensive public car parks just a short walk away.

Premises
The business occupies two floors of a period, semi-detached property, is immaculately presented and maintained and briefly comprises;

Salon:
Windows and glazed door to front creating a light, airy and inviting interior, vinyl non slip flooring and carpeted areas, bespoke counter with mirrored frontage, feature shelving with mirror backing, customer waiting areas with comfy seating.

Three hair stations to the front of the salon each with mirror, chair and electrical sockets, further hair station to the rear of the salon and two backwashes, wall mounted hair dryer, window to rear

Kitchenette:
With window to rear, base units with stainless steel sink and Monobloc tap, door to:
Garden / Yard:
To the rear of the premises is a secure yard which has been laid to gravel and includes a useful plastic storage shed.

First Floor

Treatment Room:
To the first floor is a generous room with window to front and high ceilings with fluorescent lighting and carpeted floor, access to roof space.

This room offers potential to be sub-let to a complimentary business or would be ideal as a tanning room perhaps with a couple of lay-down or stand-up sunbeds. Alternatively, it would make a lovely treatment room.

The room also includes a useful walk-in store which currently houses a CCTV monitor with three cameras.

Bathroom:
An unusually spacious bathroom with white, close coupled toilet and vanity unit with ceramic bowl, window to rear, airing cupboard with Louvre door.

Tenure
We are advised that the business is being sold as a leasehold business opportunity.

The vendor owns the freehold and would be happy to negotiate a mutually acceptable lease with a new owner.

A rent of £12,000 Per Annum is proposed.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday and Tuesday Closed
Wednesday and Thursday 9.00am -5.00pm
Friday 9.30am -7.00pm
Saturday 9am - 4.30pm
Sunday Closed

Staff
The business is run and managed by our client.

The business is currently being run at a pace to suit and the business has employed a number of stylists previously.

Financial Profile
Hair E Razor generated an advised turnover of circa £26,000 as of the 2017 accounts with a gross profit of roughly 96%.

It needs to be appreciated that the business is currently being run at a pace to suit with reduced hours.

An experienced new owner would expect to see turnover and profits increase significantly with longer hours.

Property information

Property:

Leasehold

Contact Information

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