Extremely well established Hairdressing business for sale
- Asking Price: £400,000 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £230,000, with an adjusted net profit in the region of £35,000. Full financials can be made available upon further request.
Please quote reference B06457
- Tenure: Freehold/Leasehold
Please quote reference B06457
Hilton Smythe are pleased to have been given the opportunity to manage the sale of this fantastic 12 chair hair salon, which is a well-established Hairdressing business with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular and profitable local business in an area teeming with customers.
The business was founded approximately 45 years ago. Many of the customers are known on a first name basis by the current owner who is a popular and well-respected member of the local community.
This great business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to slow things down. Our client is keen to see this beloved hair salon passed to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level. Our client has advised that he would be happy to stay on at the business for a hand over period.
The sale of the business includes -
- x 12 Cutting stations
- x 5 Backwashes
- All hair equipment
- x 12 Wall mounted mirrors
- x 3 Stools
- Wall mounted TV
- Haircuts and styling
- Cut and blow dry
- Hair straightening
- Wedding, Evening Hair Up and Prom hair
- Hair colouring
Scope to Improve -
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Website to extol the services offered ideally with an online booking facility
- Extend the opening hours
A well-established business with an enviable reputation and many existing customers
- Low running costs with inexpensive rent
- All fixtures and fittings included making this a real Turnkey business
- Prime trading position with lots of footfall in seaside area
- Ideal owner managed or partnership business.
We are advised that the business has 3 full-time and 6 part-time members of staff.
The business hours are -
Monday – 9:00am – 5:30pm
Tuesday – 9:00am – 5:30pm
Wednesday – 9:00am – 5:30pm
Thursday – 9:00am – 6:00pm
Friday – 9:00am – 6:00pm
Saturday – 8:30am - 5:00pm
Sunday - Closed
The business is nicely presented and maintained with clear visible signage and sits alongside other complimentary retail businesses and benefits from high levels of footfall and passing trade along with regular custom.
There is on street parking immediately outside the premises along with several inexpensive public car parks within easy walking distance.
Ground Floor - Salon, Electric roller security, Windows and glazed door to front, Slate effect floor, Bespoke reception desk, leather effect sofa providing a waiting area, Freestanding shelving unit, suspended ceiling, 4 hair stations, wall mounted hair dryers, feature ceiling fan.
Rear Salon - 3 x backwash, towel storage, triton water heaters, 4 x hair station, window to rear, suspended ceiling, large wall mounted mirror.
WC window to side, close coupled toilet, vanity unit with ceramic bowl
Door to secure yard and bin store
First Floor - Salon, Bay window to front, wood effect flooring, spotlighting, 2 x backwash, 4 x hair stations, nail bar, spray tent and machine.
Staff Room - Window to side, stainless steel sink and drainer with Triton water heater, generous run of worktop, space for fridge, perimeter shelving, vinyl nonslip flooring. Stock / Laundry room, window to rear, vinyl floor, Bosch washing machine, Hotpoint dryer, Dexion type shelving.
We are advised that the business is being sold on both Freehold and Leasehold Options. The Leasehold is £115,000 + SAV, with a new lease to be negotiated and the rent at £17,500 per annum.