Sold
Award Winning Hair Salon
Basingstoke, Hampshire
- Asking Price: £59,950 +SAV
- Turnover: According to the 2015 accounts, turnover for this financial year is a healthy £149,000, with a gross profit of 57%.
- Tenure: Leasehold
CoGoGo welcomes to the market The Fantastic Hair Company. The salon is Basingstoke’s award winning Wella premier salon and Inspire15 Business and Community Award winners. Established over 25 years ago by our clients, a successful husband and wife team. The business has an enviable reputation seeing a high amount of repeat custom and word of mouth referrals. The business previously operated from a premises within the local estate, however due the huge popularity of the business, the salon was relocated to these larger premises 4 years ago. The salon is immaculately presented throughout and offers professional hairdressing services for both men and women including specialist perming, colouring, Afro services, straightening and prom and bridal hair styling. The Fantastic Hair Company offers cutting edge techniques using only the highest quality products. Including Phillip Kingsley NIOXIN and Alterna, revenue is also generated from the salons’ own FHC brand with over 20 products available. The salon is very well known for the exceptional quality of service offered, with client consultations readily available. The staff are all very friendly with the Senior Stylists boasting over 20 years of experience in the trade. All the stylists are trained in diagnosis of scalp conditions and scalp exfoliation. According to the 2015 accounts, turnover for this financial year is a healthy £149,000, with a gross profit of 57%. The salon has earned their outstanding reputation for also providing value for money and offer a loyalty scheme. The business has a user friendly and comprehensive website (www.fhcforhair.co.uk). The site includes an online booking system which is easy to use. This is a high quality website that is included in the sale. The salon also has a presence on Facebook with regular features and rave reviews. The development of a new housing estate (600 homes) within 5 minutes’ walk of the salon, offers an exciting opportunity to develop the business. We highly recommend viewing of this long established business, which genuinely comes to the market due to our client’s wish to retire.
The business is owner run by our clients with the assistance from 2-part time Senior Stylists and 2-part time Junior Stylists. There is 1full time Trainee Manager that has worked at the salon for 5 years. The monthly wage bill is £3,200.
The business currently opens:- Monday - Thursday: 9am – 5:30pmFriday: 9:30am – 6:30pmSaturday: 8:30am – 4pmSunday: Closed
The Fantastic Hair Company is located on the outskirts of the large town of Basingstoke, Hampshire. The salon occupies a modern unit within a large and vibrant retail and commercial area. There is a high volume of footfall and passing trade in the area, with several well-known car dealerships, a dance academy, trade stores, Starbucks, convenience store and much more all benefiting from this trade. The business is ideally located just off the arterial A339, a heavily used commuter road running around the town and connects Basingstoke to the M3 and national motorway network beyond. The business benefits from ample parking in the immediate vicinity and bus stop within walking distance. The closest train station is in the centre of Basingstoke, this is a short 5 minute drive away.
Substantial and modern premise briefly comprising: - Excellent signage and parking directly to the front. Immaculately presented with edgy styling and unique hair magazine effect wallpaper to one wall. The reception area contains table and chairs, bespoke curved reception desk and product display area. The salon is spacious with 6 eye catching central modern work stations. All with individual mirrors, hair dryer fittings, glass shelf, adjustable chairs and all equipment from the Wellonda range. 2 hood hair dryers, 3 back wash stations, hair piece fitting station, nail station, floor to ceiling cupboards and 2 mobile hair colour processors. To the left hand side of the salon is the office with ample shelving holding additional stock, desk, computer and phone. Separate consultation area, with computer and screen to allow analysis of scalp conditions, this area could be converted to a beauty room if required. At rear of salon, swing doors lead to the fully fitted kitchen with cupboards, sink, microwave, kettle, washing machine and dryer. Externally there is ample parking in the area. The salon also has 5 dedicated parking spaces.
Tenure
We are advised the business is being sold as a Leasehold opportunity. Original lease length: 10 yearsRemaining lease length: 6 years as of 2016. Rent: £15,000 per annum The lease is protected by LTA.
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