Hilton Smythe is delighted to introduce to the market Evolution at Joseph's Salon. This well-established modern hair salon was originally founded in 1993, with our client continuing to grow this successful business since inception in March 2001.
The salon provides a host of cutting edge hair techniques for both ladies and gent's by experienced stylists. The business is very well known in the area and sees a high amount of repeat trade and word of mouth recommendations. Evolution at Joseph's is also a destination retailer of GHD products, with the nationally recognised brands Goldwell and Sexy Hair used in the salon and also available to purchase.
The business reports turnover in the region of £102,500 with a gross profit at circa 54%. The business actively markets on social media with rave reviews and nearly 7,500 likes on Facebook and successful advertising campaigns.
The salon is a great size and well laid out with modern décor and is fully fitted with a high level of equipment to suit the trade. We believe there is the potential to either employ more Stylists or divide the space to allow for beauty services to further income.
Early viewing of this established and reputable business is highly recommended, with the business genuinely coming to the market as our client is looking to re-locate.
TENUREWe are advised leasehold.
The original lease length is 20 years.
As of 2017, 4 years remain on the lease.
Rent is £15,000 per annum.
HOURSThe business opens: -
Tuesday, Wednesday and Friday 9.00am - 5.30pm
Thursday 9.00am - 7.00pm
Saturday 8.00am - 4.30pm
STAFFThe business is owner run with the assistance of 1 Manager, 1 full time Stylist, 1 Junior and Saturday person.
FINANCIAL PROFILEThe business reports turnover in the region of £102,500 with a gross profit at circa 54%
The business is located in the large historic town of Luton, Bedfordshire.
Evolution at Joseph's Salon occupies a prominent position on one of the main retail streets within the busy town centre. The salon is one of the largest in town and is surrounded by a plethora of independent and high street retail outlets, eateries and town centre amenities ensuring a heavy and consistent footfall throughout the day.
The business is located just off the A505 and is located close to the University campus. Luton has excellent public transport links with regular bus services and main line train station serving the area. There is ample parking within the town and the business benefits from meter parking directly to the front and parking for 4 vehicles at the rear.
Mid parade premise with distinctive frontage and good signage briefly comprising: -
2 x leather sofas, 4 x product display shelving units, reception desk, card machine, 3 x camera CCTV.
Split into 2 distinct areas with 11 x work stations with potential for more.
Back wash area
3 x sink units with shelving behind for towels and washing hair products.
To the rear is parking for 2 spaces.