For Sale

Popular Well Presented Hair And Beauty Salon

Cambridgeshire

£500,000 +SAV

Ref: B04837

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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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 £24,000 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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