For Sale

Professional City Centre Hair & Beauty Salon

Birmingham, West Midlands

£49,500 +SAV

Ref: 14431 A

Contact sales negotiator

Jessica Aspinall

01204 556 300

Email Jessica Aspinall

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Description

B in the City Hair & Beauty was founded approximately 19 years ago and the current owner has run it successfully for the for the last 13 and is now selling albeit reluctantly, due to a wish to pursue a change of direction.

The salon aims to offer individuals leading busy lives the ideal environment to alleviate stress and offers high style and low maintenance hair services with beauty treatments to both men and women.

Hair services include cuts and restyles, blow drys, chemical relaxers,  colour treatments, highlights/lowlights, T-sections, floodlights, seamless shades, full head tints, regrowth tints, toner refreshes, colour corrections, vibrant fashion coloured hair, Brazilian blow drys, hair extensions and weaves.

B in the City Hair & Beauty has its own quality website (bhairandbeauty.co.uk) and has great visibility on the internet with fantastic reviews.

The salon has many regular customers and is popular with young and old alike.

Scope to improve:
Opening on a Monday & possibly Sunday.
Currently only open one late night.
Renting further space.
Increasing staffing levels.

Tenure

Leasehold

The rent is an extremely reasonable £19,500 to the end of 2019, given the fantastic city centre location.

We are further advised that the landlord will extend this lease for a further 3 years from 2020 at £25,000 per annum.

Business rates of £6,792.17 per annum were payable at the time of instruction and service charge paid quarterly is currently £1,485.10.

Hours

Sunday and Monday: Closed
Tuesday: 10am - 6pm
Wednesday: 9am - 6pm
Thursday: 10am – 7pm
Friday & Saturday: 9am- 6pm

Staff

The business is owner managed with the help of 3 part time members of staff.

Financial Profile

As per the 2018 accounts the business reports a turnover around £87,750.
 
Additionally, the business receives income of £30,000 per annum from the sub-letting of its treatment rooms.

Location

B in the City Hair & Beauty is ideally situated in a prominent city centre location in Birmingham, next to the Bannatynes Health and Fitness centre and opposite a large B&M Bargains superstore and as such benefits from high levels of footfall and passing trade. The business is well presented and maintained with distinctive livery and signage, clearly visible to passing trade.

Birmingham is undergoing massive redevelopment with the Big City Plan. The city centre contains many tourist destinations as well as landmarks. There are a number of shopping arcades in the city with major stores, all of which attract customers.

The new Exchange Square Complex housing shops, restaurants and apartments opens in 2019.  HS2 will open 5 minutes away.

New Street Station is the main railway station in the city centre with local and national railway connections. The redevelopment of the station in a project named Gateway Plus was finished in 2016.

There are numerous multi-storey car parks located within the city centre and the salon has an NCP car park immediately behind it, there is further on street metered parking just around the corner from the premises.

Premises

B in the City Hair & Beauty is perfectly situated in a modern purpose built building and is presented and maintained to the highest possible standards. The premises are fully equipped; to fit out a similar sized salon to this exacting standard would certainly cost upwards of £250,000, at today’s prices.

Ground Floor –
Windows and glazed door to front creating a light, airy and inviting interior, generously proportioned and cleverly planned to make the most of the space available. The salon has easy clean tiled floor.

Equipment includes:


  • Customer waiting area with comfortable leather effect sofas

  • Low glass topped table

  • Bespoke reception desk with appointment book

  • Till and card machine

  • Floating perimeter shelving

  • Freestanding display shelving units

  • Bespoke steel magazine rack

  • 5 hair stations each with its own chair, shelf, mirror and electrical sockets

  • Backwash with ceramic sink

  • Reclining chair

  • 2 wall mounted Climazone

  • Built in generous wardrobes with sliding doors

  • Refrigerator


Stairs lead up to:
Mezzanine –
An interesting mezzanine level again generously proportioned and beautifully presented with a real ‘High End’ feel and tiled floor.

Equipment includes:


  • 4 backwashes with recliner chairs

  • Bespoke water feature with mood lighting

  • Ceiling fan

  • 2 hair stations each with mirror, chair and shelf

  • Wall mounted dryer

  • Colour Bay with bespoke light oak effect furniture and cupboards

  • Stainless steel sink and drainer

  • One room to rent currently


Staff Room –
Good sized staff room with tiled floor; stainless steel sink and drainer with useful cupboards beneath, breakfast bar and upright fridge/freezer.

WC –
With white suite and hand wash basin.

Treatment Room 1 –
Currently used as rental to beauty aesthetics, ie fat freezing, non surgical face lifts, microblading, tiled floor, wall mounted mirrors and sofa.

First Floor –
Accessed by wide steps from the mezzanine level, a lovely open plan and bright first floor area with panoramic windows to front creating a light and airy interior.

Equipment includes:


  • Customer waiting area with leather effect sofa

  • Low glass table

  • 3 leather effect tub chairs


Treatment Room 1 -
Nicely proportioned.  In process of being rented.

Treatment Room 2 –
Again, nicely proportioned.  In process of being rented.

Treatment Room 3 –
Currently being used as an office, feature obscure glass wall, window to front, wall mounted radiator and space for massage table etc.

Treatment Room 4 –
Again, nicely proportioned with massage table and freestanding trolley unit. All equipment in this treatment room is owned by the tenant that rent the room for traditional beauty.


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