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Long Established Unisex Salon

Bath, Somerset

£175,000 +SAV

Ref: 2985

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Description

Hilton Smythe welcomes to the market New Edition unisex salon. The business was originally founded by our client some 28 years ago and is very well known and supported by local residents. The business sees high levels of repeat custom and benefits from very little competition in the immediate area. The business reports a healthy turnover of £70,000 per annum with a solid gross profit at circa 70%. There is the possibility of renting chairs or increasing opening hours to further income. The salon is immaculately presented both externally and internally, tastefully decorating with modern furniture and fittings and fully equipped to suit the trade. We believe a new owner could increase awareness of the business by introducing a website and maximising the use of social media. In addition there is the potential to diversify into beauty treatments such as sculptured nails or eyebrow shaping. With a well-established client base and an enviable reputation this is a perfect business venture for a professional stylist to walk in and start immediate trading, only now does the business come to the market as our clients with to retire.

Tenure

Freehold

TENURE The vendors own the freehold to the business which is a leasehold premises with 999year lease.

Hours

The business opens:-Tuesday to Friday 9.00am – 5.00pmSaturday 8.30am – 1.00pmSunday and Monday closed.There is the potential to increase opening hours.

Staff

The business is run and managed by our clients 2 business partners.

Financial Profile

The business reports a healthy turnover of £70,000 per annum with a solid gross profit at circa 70%.

Location

The business is located in the picturesque area of Weston, within the City of Bath, Somerset. New Edition is situated in a prominent position within a popular and well-presented shopping area ensuring consistent footfall throughout the day. The business benefits from ample street parking in the vicinity and bus stop within walking distance. The area is served by the A36 and A4 and has excellent public transport links with regular bus services and main railway station.

Premises

End terrace attractive period building with honey coloured brickwork The exterior of the business is immaculately presented and well maintained with clear visible signage and on street parking nearby. Reception AreaWood effect laminate flooring, tongue and groove wood panelling to walls, floating shelves, timber desk with till and appointment book and leather effect tub chair. SalonImmaculately presented with wood effect laminate flooring, tongue and groove wood panelling to walls, useful storage cupboard, large windows to front and rear creating a light and airy interior, central work station with central mirror and four workstations, feature spotlighting further five workstations with mirrors, two backwashes, freestanding hair dryer and storage heating. Toilet facilities. Staff roomWith a range of base and wall units and marble effect worktop, stainless steel sink and drainer, washing machine and separate dryer.

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