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Hair Salon With High Amounts Of Repeat Trade

Burnley, Lancashire

£16,950 +SAV

Ref: 2924

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Description

Hilton Smythe is delighted to welcome to the market Clear Cut. The salon was originally established 25 years ago by our client, who is now reluctantly looking to sell the business due to the desire to retire. The business is currently run as a traditional ladies, gents and children’s hair stylists. There is a fantastic market for the business in the location, as there is very little competition. The business receives much of its trade from regular repeat trade. The salon generates an advised turnover of approximately £33,000 per annum, with a fantastic gross profit of 97%. The gross profit is great however we feel the turnover could be massively increased. The business is currently run at a steady pace to suit our client’s needs and the salon is only open 4 days a week. There is scope for a new determined stylist to further develop this already well-established business. To the rear of the premise is a room which would be perfect as a beauty room. There is scope to introduce nails, waxing and other beauty services. This would increase custom and boost trade. Local advertisement would highly benefit this side of the business e.g. Delivering leaflets, posters in the windows. The business doesn’t have a website, however this could be something the purchaser looks into, to increase custom and clientele. This is a perfect start up business for any stylist looking to run their own successful salon. The business has great loyal clientele, low rent, no rates and a great amount of scope to increase turnover. Hilton Smythe highly advise early viewing for any interested buyers. Our client is willing to consider all serious offers.

Tenure

Leasehold

We are advised the business is Leasehold. Awaiting new 10 year council lease. Rent: £115.50 per week

Hours

The business is open: Monday: ClosedTuesday: 8am – 1pmWednesday - Friday: 8am – 5pmSaturday: 8am – 1pmSunday: Closed 4 day week 37 hours

Staff

The business is run and managed by our client with the help of 1 part time stylist.

Financial Profile

The business generates a turnover in the region of £32,612 per annum.With a gross profit of around 97%

Location

Clear Cut is located in Burnley, Lancashire. The business is situated on a popular retail parade which is located on a densely populated housing estate, from which the business receives much of its trade. On the retail parade are a great range of stores such as a florist, butchers, dog groomers, fish and chip shop, convenience store and more. Directly outside the property is free on street parking for an abundance of vehicles. Just a short two minute walk from the business is a bus stop that has regular routes to Burnley Wood and other locations close by. The business is in a highly popular location and benefits from a lack of competition in the area. The salon is just a short 5 minute drive from Burnley town centre and is also approximately 27 miles away from Bradford. Just off the estate is the A6114 which links to the nation motorway.

Premises

The premise is a ground floor property with flats above. The front of the property is well signed and is highly visible to passing trade. Inside the salon is the main area, which is open plan and very bright. The salon has a simple style but looks clean and presentable. On the back wall are 2 cutting stations and also a back wash and front wash. There is a third cutting station to the left of the room. On entrance is a seating area for waiting customers and 3 dryer banks. The counter is directly facing the entrance. Through to the back of the premise is a small stock room, spare room with potential to be a beauty room, kitchen and a toilet. Equipment includes-Fixtures and fittingsSeatingCounterTill3 x Dryer banksFront wash Back washShelvingLarge mirrors Across the front door is a security shutter.

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