Sold

Hair & Beauty Room Located in Residential Location

Cambridge, Cambridgeshire

£45,000 +SAV

Ref: 13472 G

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Description

Hilton Smythe welcomes to the market Alexander Lawrence Hair Studio. The business was established by our client in 2012, the owner is now looking to sell the business, due to other focuses.

The business runs as a unisex hair salon and beauty room. The salon receives a generous amount repeat loyal clientele from locals within the area. Our client offers a generous range of treatments, this includes restyles, hair care treatments, colouring, perms, manicures, pedicures, massages, waxing and much more. Our client also retails a great selection of hair products, from brushes to shampoos, conditioners and hair styling. This is complimentary to the hair services available and allows for an extra income.

The business generated a turnover in the region of £61,000 as of the 2016 accounts, with a gross profit 80%. This is a healthy turnover, with scope for an increase. There is a business website, this is easy to use looks presentable and has a plethora of information. (www.alexanderlawrencehairstudio.co.uk) This is a great site; however, we feel the salon could benefit from an online booking system. This would be convenient for staff and customers. The business also has a Facebook page, this is a great cost effective way of marketing the salon. The page has over 195 followers.

This is a fantastic Leasehold opportunity that would be perfect for a first-time purchaser. The salon is well-established and has a substantial client base. Hilton Smythe highly advise early viewing to take in the full potential of the salon.

Tenure

Leasehold

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

Original lease length: 10 years
Remaining lease length: 6 years as of 2017.
Rent: £12,000 per annum.

Hours

The business opening hours: -

Monday - Saturday: various working hours
Sunday: Closed

Staff

The business is run and managed by our client, with the help of two full time and a part time members of staff.

Financial Profile

The business generated a turnover in the region of £61,000 as of the 2016 accounts, with a gross profit 80%

Location

Alexander Lawrence Hair Studio is located in Milton, Cambridge within Cambridgeshire.

The business is situated in the centre of a residential housing estate, from which the salon derives much of its trade. There is ample parking in the area allowing customers to easily call in the salon.

Milton is a village in Cambridge. Milton is a large village most of which is residential. The village has character with several historical buildings dotted around. This includes the 17th century cottage, The Old Rectory and the Old Saints church. This village has a great community feel, the purchaser will be highly welcomed.

Milton is just north of Cambridge, which is a short 15-minute drive away. Surrounding the village is the A10 and A14, major A-roads. These roads further connect to the M11 motorway networks. Just off the estate are bus stops, these have regular routes into Cambridge and surrounding villages. The closest train station is in Waterbeach.

Premises

Alexander Lawrence Hair Studio boasts a substantial sized property. There are window displays and signage, this is clearly visible to passing trade. There are two staff parking spaces to the side, plus 5 off street parking for customer cars, with additional on street parking.

On entry is the bright salon space, there is a reception with telephone point and till. By the till is display shelving with stock available to purchase. By the window is a seating area, with chair, sofa and children’s waiting area with toys.

The salon has five hair station, plus a children’s/disabled station with high chair and easy access for wheel chairs. Each station has sockets, counter space and a mirror. By the reception desk is a hair point for gent’s services, again this comes with mirror, shelving and sockets. There are two back washes.

Through to the rear is a WC and staff kitchen with sink and wall and base units.

To the back of the property is a rear yard area. There is access to a single garage, this is currently being used for storage.

Equipment included in the sale includes: -
3 x equipment trolleys
8 x salon chairs
2 x back washers
2 x hood dryers
4 x hand dryers
5 x styling units
8 x mirrors
3 x hand held mirrors
Various display cabinets
2 x tinting trolleys
Electric foil dispenser
2 x recliner chairs (one is a massage chair)
Waiting area couch

There is a treatment room with, treatment bed, trolley and sink.

The property has electric heating with no gas. The boiler was replaced in 2012.

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