For Sale

Popular Well Presented Hair And Beauty Salon

Cambridgeshire

£500,000 +SAV

Ref: B04837

Contact sales negotiator

Declan Bottomley

01204556314

Email Declan Bottomley

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Description

Hilton Smythe welcomes to the market a high-end Hair and beauty salon, which was established by our client in 2003. Our client is now looking forward to retirement.

The salon is a family run business that is passionate about hair and beauty and prides itself on delivering a quality experience to customers. They place great importance on the training and support that they offer their staff and as a result have an excellent and established team of stylists and beauticians.

The business has a strong returning customer base. The clientele is mainly women, however, looking to promote men’s hairdressing is an area that could be looked at by a new owner. The salon also mainly deals with hair and the split of hair to beauty is approximately 80/20.

The business is being sold with the business website, its own Facebook page and the business has 5* Yell reviews.

The beauty area is on the first floor along with a room that is let out to a chiropodist at £50 for 1 day a week, this is another room that could be utilised to increase turnover

Scope for Development: -

• Promotion of Men’s hairdressing
• Utilising the chiropodist room on the first floor
• Employing further stylists

Reasons to Buy:

• Long established company
• Large data base of customers
• Primary position
• High footfall area
• Large radius of customers

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Freehold/Leasehold

We are advised the business is being sold as a Leasehold or Freehold business opportunity.

Our client is the freeholder and will write a new Lease with an advised annual rent of £18,000 per annum.

Hours

The business opening hours: -

Monday: Closed
Tuesday: 9am till 5.30 pm
Wednesday: 9am till 7pm
Thursday: 9am till 7pm
Friday: 9am till 5.30pm
Saturday: 9am till 4pm
Sunday: Closed
The new owner could consider opening Mondays.

Staff

The business is run and managed by our client, with the help of a Receptionist, 2 Beauticians and 5 Stylists.

Financial Profile

We are advised the business generated an advised turnover of circa £203,000 as of the 2015 accounts, with a gross profit of 44%.

Our client informs us that the turnover and profit has increased for 2017 and 2018.

Location

The business is located in Cambridgeshire. 6 miles east of Peterborough.

The salon is located in a double fronted shop set over the two floors of the building and has a distinctive signage. The Business benefits from being surrounded by many other shops that bring a strong footfall to the area.

There is customer parking on the main road directly outside the shop.

Premises

The main salon is entered through a double-glazed door, the windows also benefit from being double glazed.

Salon Area

• Wood effect flooring
• Spotlights to the ceiling
• Reception area with counter and till
• Storage cupboard
• Waiting area
• Cloaks cupboard
• 13 Hair stations
• Nail bar area
• 3 Backwash stations
• Colour store

Kitchen

• Washing machines
• Base units
• Sink
• Double glazed window and door to the outside courtyard area.

first floor
The following rooms all have wood effect flooring, radiators and double-glazed windows.

• Office with desk
• Store room with racking
• Waiting room with double glazed window and radiator
• Bathroom, sink and WC
• Beauty room 1 with treatment table, sink and separate shower
• Beauty room 2 with treatment table, sink and separate shower
• Beauty room 3 with separate shower

All necessary equipment is being sold with the business, a full inventory will be given by the owner.

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