For Sale

Unisex Modern And Traditional Hair Salon

Dudley, West Midlands

£44,999

Ref: B04103

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market Boyz 2 Men Ladies 2.

Boyz 2 Men Ladies 2 was founded by the current owner 19 years ago and has been a real labour of love. The business is now being sold, albeit reluctantly and with a heavy heart only so that the owner can enjoy a well-earned retirement. This business really does mean the world to the vendor and she is keen to see it pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Boyz 2 Men Ladies 2 is a unisex hairdresser’s and specialises in modern and traditional hairdressing and offers the following services;

• Blow dry’s for long and short hair
• Trims
• Wet cuts
• Restyles
• Perms
• Tints
• Foils
• Men’s cuts and restyles
• Boys cuts and styling
• Men’s wash cuts
• Shampoo and sets.

The business has a high number of regular customers, many of whom have been visiting the business for many years and are known on a first name basis by the owner who is a well-liked and respected member of the local community.

The business enjoys good visibility on the internet with many great reviews and the business has its own Facebook page.

Scope to Improve
1. Advertising and marketing campaign
2. Maximise the use of social media
3. Employ an apprentice
4. Extend the opening hours
5. Website to extol the range of services offered ideally with an online booking facility
6. Introduce a loyalty scheme/ card
7. Offer discounts to NHS employees, fire and police, Armed Forces etc
8. Rent chairs, lots of space and work stations
9. Rent out first floor beauty room, perhaps for spray tans, eyebrows or nails etc.

Hilton Smythe highly advise early viewing. This great little business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that Boyz 2 Men Ladies 2 is being sold as a leasehold business opportunity.

The existing lease is arranged on a monthly rolling basis and the rent is a very reasonable £5196 per annum. We are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

We are advised that Boyz 2 Men Ladies 2 benefits from being exempt from business rates and none were payable at the time of instruction.

Hours

Monday 9am – 5pm
Tuesday 9am – 6pm
Wednesday Closed
Thursday 9am – 7pm
Friday 9am – 7pm
Saturday 8.30am – 5pm
Sunday Closed

Staff

The business is run and managed by our client with the help of two self-employed members of staff.

Financial Profile

Boyz 2 Men Ladies 2 generated an advised turnover of circa £37,000 as of the 2017 accounts with an adjusted net profit of approximately £19,000.

It needs to be stressed that the business is now being run at a pace to suit and turnover has previously been significantly higher with seven stylists working for the business.

Location

Boyz 2 Men Ladies 2 is Located in Gornal, Dudley in the West Midlands.

Gornal is a suburban area and electoral ward of the Dudley Metropolitan Borough in the West Midlands. It encompasses three historic villages: Upper Gornal, Lower Gornal and Gornal Wood. Gornal was formerly part of Staffordshire prior to the creation of the West Midlands in 1974.

Boyz 2 Men Ladies 2 is ideally situated in a main road position alongside other complimentary retail businesses in this busy and vibrant shopping area.

The business is beautifully presented and fastidiously maintained with clear visible signage and striking livery. There is free on street parking immediately outside the premises and the business benefits from high levels of footfall and passing trade.

Premises

Boyz 2 Men Ladies 2 occupies two floors of an end terraced, former Victorian Villa and really need to be viewed, both to appreciate the generous proportions of the premises which are deceptively spacious and to appreciate the quality of the fixtures and fittings. The premises briefly comprise:

Ground Floor

Salon

• Electric security shutter secures the premises
• Bay window and glazed door to front creating a light airy and inviting interior
• Generous and immaculately presented salon
• Cleverly designed to maximise the space available and with a real upmarket feel
• Lovely wooden flooring
• Spot lighting
• Bespoke counter with till
• Phone and appointment book
• Table and chairs creating a customer waiting area along with leather effect sofa further up the salon
• Feature wall papered wall in a brick effect
• 6 work stations (room for more if required) each with chair
• Electrical sockets, mirror and floating shelf
• 2 back washes
• Chair with Hairmaster dryer.

Staff Room / Kitchenette

• Generous staff room with window to side
• Stainless steel sink and drainer
• Range of base units
• Room for table and chairs
• Wall mounted Worcester boiler.

First Floor

Beauty Room 1
Generous beauty room fitted to a high standard with windows to front. This room is currently rented to a reflexologist at a weekly rate of £50 but could easily demand a much higher rent.

Beauty Room 2
Currently unused but has been used as a spray tan room previously, ideal for several different beauty treatments, generous Room with wood effect flooring and window to rear, vanity unit with white hand wash basin.

WC
With toilet and pedestal hand wash basin

The entire premises have been upgraded with new electrics throughout and central heating. There is an allocated parking space to the rear.

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