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Newly Re-Fitted Hair Salon In Leicestershire For Sale

Leicestershire
Asking Price:
£15,000 Furniture / Fixtures included
Sales Revenue:
£47,600
Cash Flow:
Available on request

Prime High Street Trading Location
Annual Turnover Approx £47,600 (2018)
Financial Info Available Upon Request
Newly Re-Fitted 2017
Potential To Introduce Beauty Services
Close To Main Multiples
Street Parking Immediately Outside
Would Suit Owner Operator
Loyal & Regular Client Base
Scope To Open Sundays & Mondays
EPC - E

REF 6632 – Leasehold Newly Fitted Hair Salon

Blacks Brokers are pleased to bring to the market this leasehold newly re-fitted hair salon located in a busy area of Birstall, Leicestershire.

INTRODUCTION

This business been trading on Sibson Road since January 2017 when our client took ownership of the previous salon and completed a full refit. This property has been home to a hair salon since 2009. The business has a large base of regular, repeat customers but also benefits from a good amount of passing trade due to this superb main road position. The business has an enviable reputation with many excellent reviews noted on Facebook and Google.

LOCATION

Sibson Road is known as the high street for Birstall which is a suburb to the north of Leicester. This is a densely populated residential area with a good amount of commercial properties. Neighbouring businesses include large multiples such as Boots, Nationwide, Barclays as well as local independent retailers. The area is well linked by the M1 and A46 with good public transport links and parking is available immediately outside.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests. The business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease is 5 years and began in January 2017 at a cost of £1000 per month excluding VAT paid monthly in advance. A longer lease can be available upon request.

STAFF

The business is currently operating with three members of staff in employment - 1 full time and 2 part time.

FINANCIAL DETAILS

This business has traded well since opening in 2017. We are advised that the business will have an annual turnover of £47,600 for 2018. Full financial details are available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief and as the rateable value is £8,900 so there are no rates payable.

SUMMARY

This leasehold business is beautifully presented and occupies a superb trading position. Our client has established an excellent reputation and large, repeat customer base. There is plenty of scope to develop the business further with the introduction of new opening hours to include more late nights and Sunday/Monday opening. A new owner operator could reduce staffing costs and bring a consistent service level to customers. This proposition would ideally suit an owner operating team who could move the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Closed
Tue - 10am - 5pm
Wed - 9am - 6pm
Thur - 9am - 8pm
Fri - 9am - 6pm
Sat - 9am - 6pm
Sun - Closed

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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