Hilton Smythe is delighted to welcome to the market this well-established and popular unisex hair salon, which is ideally located within Glasgow.
The business was established by our client in 1985 and is only now being offered to the market, due to our client's desire to pursue other business interests. The hair salon operates 5 days per week and generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 31%.
Our client offers a variety of hairdressing services, serving both ladies and gents', from sets to balayage. The property boasts a spacious styling area, which is very well maintained, decorated to a very high standard and fitted out to suit the trade.
The business has built up an excellent reputation within the area and further afield for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the excellent services offered. The business currently takes advantage of social media, with a page on the popular website Facebook, with 150 likes, but we feel the hair salon would benefit from a standalone webpage, which could offer online booking facilities.
The current owner is happy to work for the purchaser. Offering full expertise and knowledge of the trade.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 4½ years, as of February 2017
Rent: £10,600 per annum
HOURSThe business is open:
Tuesday - Wednesday: 9.00am - 5.30pm
Thursday: 9.00am - 7.00pm
Friday - Saturday: 9.00am - 5.30pm
STAFFThe business is owner run and managed with 4 x staff members.
Our client is willing to stay on working for the purchaser, as a member of staff.
FINANCIAL PROFILEThe business generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 31%.
Smith & Meek occupies substantial ground floor premises, ideally located within the city of Glasgow. The business is located on the busy Minard Road and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The hair salon also benefits from good on-street parking facilities.
Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of cultural activities, from curling to opera and ballet.
The area of the property is very well served by the public transport system, with a bus stop situated directly outside the business. The nearest railway station is Crossmyloof, which is just over 5 minutes' walk away. The area is also well served by the A-roads, with the hair salon being located just off the A77, which links to the national A-road and motorway networks. Glasgow city centre is approximately 5½ miles away and East Kilbride is 8 miles away.
Substantial ground floor premises, in an ideal trading location, briefly comprising:
Main salon with:
Customer seating area.
7 x styling stations.
3 x backwashes.
2 x hooded hairdryers.
Large styling mirrors.
Rear area with:
Beauty treatment room.
Small storage area.
Kitchen with sink unit, refrigerator, microwave oven and lockable cupboard.
The business is well signed and highly visible.