For Sale

Modern & Vibrant Salon With Excellent Reputation

Hereford, Herefordshire

£45,000

Ref: B04220

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

Share this property
Share

Description

Hilton Smythe welcomes to the market this very well-established and high-quality hair salon, which was established around 7 years ago.

This business has an enviable reputation for excellent customer service, care, quality and value for money and has a very loyal client base.

The salon offers all aspects of hair styling and colouring practises using cutting edge techniques with a team of highly skilled stylists.

The salon is immaculately presented with vibrant modern décor, which was completely redone around 3 years ago.

The lounge is very spacious with 7 stations, having a good-sized reception area.

They offer a wide range of refreshing non-alcoholic beverages such as hot chocolate, tea and lattes, allowing the customers to sit back and relax in an air-conditioned environment, with free WiFi.

They also have a very good website, social media presence and an online booking app via iPhone or android.

See The Website At,

http://www.thehairloungehereford.com/.

The business is doing very well however, we also feel the business would benefit from extending opening hours, more advertising and perhaps some diversification to take it to the next level.

An internal inspection is very highly recommended to appreciate the position and quality on offer.

Tenure

Leasehold

We are advised that the business is being sold as a Leasehold opportunity, with a lease term to be agreed.

The rent payable will be £9,000 per annum.

Hours

Monday Closed
Tuesday 9.00 am to 5.00 pm
Wednesday 9.00 am to 5.00 pm
Thursday 9.00 am to 5.00 pm
Friday 9.00 am to 5.00 pm
Saturday 8.30 am to 2.00 pm
Sunday Closed

Staff

The business is currently run by a full-time manager, with the owner working part time and other staff including a trainee and a part time stylist.

Financial Profile

The business reports a healthy turnover of circa £82,000 per annum with a very healthy gross profit of around 88%.

The accounting information shows a turnover of £81,572 for the year ending June 30th, 2016 with a gross profit of £72,518.

According to the VOA website the current rateable value is £3,600 however the property benefits from small business rate relief so has nothing to pay.

Location

The Hair lounge is situated on the outskirts of the bustling city of Hereford in a busy commercial and residential area.

The city of Hereford offers all the amenities needed shops, schools, churches of various denominations and good access to all surrounding areas via the A49 and A438.

The M5 motorway is also within easy reach for access North or South.

Hereford has a population of 58,896 and is the largest settlement in the county of Herefordshire.

The business itself has been run by the current owner for 7 years and is very well known and established in the area.

The owner is now looking towards a new business venture.

Premises

The premises occupy a great location on the outskirts of Hereford with easy access and busy residential footfall.

The premises are approx. 62 sqm in size and comprise a good-sized salon/reception, large kitchen/store room and WC.

There was a full refurbishment around 3/4 years ago with good quality REM furniture.

Equipment Included:

• 7 workstations with styling chairs and unit
• 2 wash units
• 5 trolleys
• Climazone dryer
• 2 further hood dryers
• Reception desk
• Chairs
• Customised till system
• Display shelving and much more

The kitchen has also been refitted, which included a new, high quality water boiler.

A viewing is a must to appreciate the quality on offer.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]