£0 £1000000
£0 £1000000

Hair and Beauty Salon Located On Prominent Trading Position

Birmingham, West Midlands

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Sold

£34,500 +SAV

Ref: 2890 G

Leasehold

Overview

Hilton Smythe is delighted to introduce to the market Urban Tonic Birmingham Ltd. This hair salon was originally established in 1992 and has been a great success. Our client first took over the store in 2010 but is now looking to sell the business due to other business interests. The salon offers an extensive range of services such as:NailsHairDermalogica facialsMassage and holistic therapiesSunbed The salon also offers speciality treatments including- Pregnancy treatmentsAesthetic treatments The salon uses the Premier Solution management system and offers many services and treatments all at great prices. There is a price list of all services on the website www.urban-tonic.net The website has an update on all offers and promotions for each month. This is a brilliant website with a lot of information available, it also includes booking online. The salon promotes itself using Wahanda and Facebook and sends out monthly newsletters and a text reminder service. As per 2016 accounts the turnover for the business is an advised £70,291 with gross profit at 54%. This is a great income however we believe this could be increased by offering extended opening hours to attract more customers. The salon offers wedding packages, and could promote their services at wedding fairs. The business has loyal and repeat trade, which is due to the high quality of services it offers customers. The surrounding area is densely populated and there is little competition. This is a fantastic opportunity for someone looking for a salon with a great reputation and loyal clientele. There has recently been a lot of money spent on the business leaving the salon looking clean, modern and welcoming. We are advised the current client would be happy to offer a hand over period to the buyer. This would be a great bolt on or start up business. Hilton Smythe highly advise early viewing to avoid missing out on this business.

Turnover
As per 2016 accounts the turnover for the business is an advised £70,291 with gross profit at 54%.

The business is run and managed by the owner with the help of 1 full time and 2 part time members of staff. Also working at the store is an apprentice.

The business opens:- Monday: ClosedTuesday: 12am – 9pmWednesday: 10am – 5pmThursday: 12pm – 9pmFriday: 9am – 7pmSaturday: 9am – 5pmSunday: Closed

Urban Tonic Birmingham Ltd is located in Kings Norton, Birmingham. The business is situated in a prominent trading position on the corner of a busy retail parade. The salon is surrounded by complimentary shops and has free parking to the front of the store. On this retail parade are many shops such as, Boots pharmacy, florist, café, post office, convenience store, Spar and another hair and beauty salon. Monyhull Hall Road on which the business is located is within a densely populated housing estate from which the salon receives much of its trade. This road connects to the A441 which runs through to Birmingham city centre. Birmingham is approximately 6.7 miles away and is within easy reach when using the public transport system in the area. Directly across the road from the business is a bus stop which has regular routes to Warstock, Frankley and Digbeth.

The premise is a corner property set over two floors. The property is well signed with illuminated signage at night and is clearly visible to passing trade. The main salon is immaculately presented with a high end feel. There are large windows to the front creating a light and airy interior. In this main area there is a freestanding nail bar, customer waiting area with a sofa and two massage/pedicure chairs and a reception desk. The salon has been recently redecorated and modernised throughout at considerable cost. Equipment includes, a lovely solid wood console table with glass top and three stools, perimeter display shelving and a feature staircase heading to the first floor. Hair SalonAgain beautifully presented and recently redecorated. Equipment includes 6 hair stations with expensive looking antique type mirrors, double back wash basins, tiled slate effect floor, sofa, back wash, free standing drawer unit, perimeter shelving, bespoke storage for hair colours and a towel storage unit. Tanning roomA new freestanding tanning machine is an private room with space for changing. Utility and Staff areaHas space for a washing machine and tumble drier, wall mounted central heating and hot water boiler, 1 and ½ bowl sink and drainer. A range of base and wall units and a generous run of worktops, perimeter shelving and floor space for additional storage. WCA generous room with disabled access On the first floor are three generously sized treatment/therapy rooms recently redecorated and refitted. There are windows to the front and new laminate fitted. Equipment includes a massage table, colour therapy lighting and sound system. One of the rooms has alcove storage and two of the rooms can be converted into one larger room for use by groups or hen parties. There is a fully fitted generous bathroom with separate shower cubicle. All equipment included in the sale.

Tenure
We are advised the business is leasehold. Original lease length 7 yearsCurrent lease length 7 years remaining as of May 2017.Get out clause at 3 yearsRent £1,000 per month

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