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Popular Hair Salon in Wickham, Hampshire For Sale

Fareham, Hampshire

£64,995 +SAV

Ref: 12303 I

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Description

Hilton Smythe is delighted to welcome to the market this well-established and busy hair salon business, ideally located within the village of Wickham, Hampshire. The business was established by our clients in 2010 and is only now being offered to the market due to our clients’ desire to concentrate on other business interests. The business currently operates 6 days per week and generates a turnover in the region of £166,000 per annum, with a gross profit of approximately 40%. Our clients’ offer a variety of unisex hair styling services from a simple cut, a blow-dry and set, to more technical services such as colouring and perming. The property is set over two floors, the ground floor offers the main salon with ten styling stations and three backwashes, there is also a treatment room, which is currently unused and a staff training room. The first floor offers a self-contained flat, which could be used as owners’ accommodation or let out to generate further income. The business has built up an enviable reputation within the area and further afield for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by embarking on a modest marketing campaign to advertise the excellent services offered. A new owner could also add beauty treatments to the services offered, as well as the possibility of offering tanning facilities. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold: Original lease length: 10 yearsRemaining lease length: 3 years as of April 2016Review every: 3 yearsRent: £18,500 per annum

Hours

The business is open: Monday – Tuesday: 9.00am – 5.30pmWednesday: 9.00am – 7.30pmThursday: 9.00am – 5.30pmFriday: 9.00am – 7.30pmSaturday: 9.00am – 4.00pmSunday: Closed

Staff

The business is owner run and managed with 5 x staff members

Financial Profile

The business generates a turnover in the region of £166,000 per annum, with a gross profit of approximately 40%.

Location

This very popular hair salon occupies substantial two storey premises, ideally located within the quaint village of Wickham in Hampshire. The business is situated on The Square, a busy shopping street and the business benefits from a high volume of footfall and passing trade, as well as ample car parking facilities within close proximity. Wickham is a small village in Hampshire. According to the 2001 census, the village had a residential population of 4,816. Wickham has a wide and well-proportioned square, lined with historical buildings and is a designated conservation area. Farmland north of Wickham serves as a venue for the award winning Wickham Festival, which is an annual 4 day music event. The village is served by the public transport system, with bus stops within walking distance of the hair salon. The nearest railway station is approximately 4 miles away in the market town of Fareham. Wickham is well served by the A-roads, with both the A32 and A334 being within easy driving distance, which link to the national A-road and motorway networks. Portsmouth is approximately 10½ miles away and Southampton is 11½ miles away.

Premises

Substantial two storey premises, ideally located within the village of Wickham, briefly comprising: Ground floor: Reception.Customer waiting area.Product displays.10 x styling stations.3 x backwashes.WC.Small treatment room (currently unused).Training room (potential to be a treatment room).Kitchen.Staff room.Large store room. First floor: Self-contained flat accessed from the rear of the property.Living area/bedroom.Kitchen.Utility room.Bathroom. External: Parking space for business. A full list of equipment to be provided.

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