For Sale

Popular Well Presented Hair And Beauty Salon

Peterborough, Cambridgeshire

£500,000 +SAV

Ref: B04837

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Leasehold Option Available at £150,000 + SAV

Hilton Smythe welcomes to the market Boome Hair and Beauty, which was established by our client in 2003. Our client is now looking forward to retirement.

Boome is a family run business that is passionate about hair & beauty and prides itself on delivering a quality experience to customers. They place great importance on the training and support that they offer their staff and as a result have an excellent and established team of stylists and beauticians.

The business has a strong returning customer base from Whittlesey and many surrounding villages. The clientele is mainly women, however, looking to promote men’s hairdressing is an area that could be looked at. The salon also mainly deals with hair and the split of hair to beauty is approximately 80/20.

The business is being sold with the website www.boome.biz, its own Facebook page and the business has 5* Yell reviews.

The beauty area is on the first floor along with a room that is let out to a chiropodist at £50 for 1 day a week, this is another room that could be utilised to increase turnover.

Scope for Development: -

• Promotion of Men’s hairdressing

• Utilising the chiropodist room on the first floor

• Employing further stylists

Reasons To Buy:-

• Long established company

• Large data base of customers

• Primary position

• High footfall area

• Large radius of customers

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Freehold/Leasehold

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

Our client is the freeholder and will write a new Lease with an advised annual rent of £18,000 per annum.


Hours

The business opening hours: -

Monday: Closed

Tuesday: 9am till 5.30 pm

Wednesday: 9am till 7pm

Thursday: 9am till 7pm

Friday: 9am till 5.30pm

Saturday: 9am till 4pm

Sunday: Closed

The new owner could consider opening Mondays.


Staff

The business is run and managed by our client, with the help of a Receptionist, 2 Beauticians and 5 Stylists.


Financial Profile

Boome generated an advised turnover of circa £203,000 as of the 2015 accounts, with a gross profit of 44%.

Our client informs us that the turnover and profit has increased for 2017 and 2018.

Location

Boome Hair and Beauty is located in Whittlesey within Cambridgeshire. Whittlesey is a market town 6 miles east of Peterborough. Including the neighbouring villages of Coates, Eastrea, Pondersbridge and Turves, it had a population of 16,058 at the 2011 Census.

Boome is located in a double fronted shop set over the two floors of the building and has a distinctive signage, Boome is located on the main road through Whittlesey and is surrounded by many other shops that bring a strong footfall to the area.

There is customer parking on the main road directly outside the shop.

Premises

The main salon is entered through a double-glazed door, the windows also benefit from being double glazed.

Salon Area

• Wood effect flooring

• Spotlights to the ceiling

• Reception area with counter and till

• Storage cupboard

• Waiting area

• Cloaks cupboard

• 13 hair stations

• Nail bar area

• 3 backwash stations

• Colour store

Kitchen

• Washing machines

• Base units

• Sink

• Double glazed window and door to the outside courtyard area.

first floor

The following rooms all have wood effect flooring, radiators and double-glazed windows.

• Office with desk

• Store room with racking

• Waiting room with double glazed window and radiator

• Bathroom, sink and WC

• Beauty room 1 with treatment table, sink and separate shower

• Beauty room 2 with treatment table, sink and separate shower

• Beauty room 3 with separate shower

All necessary equipment is being sold with the business, a full inventory will be given by the owner.

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