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Hair & Beauty Salon In Exmouth

Exmouth, Devon

  • Asking Price: £49,950 +SAV
  • Turnover: The business generates a turnover in the region of £60,000 as of the 2016 accounts, with a gross profit of 95%.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market The Hair & Beauty Shoppe. The business was originally established over 50 years ago and was taken over by our clients in 1999. The owners are now looking to sell the business, due to the desire to take a well-deserved retirement. This is a popular hair and beauty salon in a prime trading location in Exmouth. The business receives a generous amount of repeat loyal trade from the locals. This salon offers an excellent range of services and treatments. This includes general hair dressing services, manicures, pedicures, waxing, facials, ear piercing and much more. The business generates a turnover in the region of £60,000 as of the 2016 accounts, with a gross profit of 95%. This is a healthy turnover; however, we feel this could be increased. The new owner should look to introduce a marketing and advertising campaign to generate some more custom. Social media and a website are both great way of advertising. We are advised by our client that planning permission has been granted for 300 houses to be built in the area, with work starting summer 2017, which can only boost footfall in the area. This is a substantial sized premise that boasts two therapy rooms and two hair salon rooms. The property is well-suited to the trade and comes fully equipped. This would make an ideal bolt-on business or perfect first time purchase. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

The business is run and managed by our clients, with the help of one part time members of staff.

The business opening hours: - Monday: ClosedTuesday - Friday: 9am – 5pmSaturday: 9am – 1pmSunday: Closed

The Hair & Beauty Shoppe is located in Exmouth, Devon. The salon is set within a retail parade of stores. Close by there is a Co-Op, bakery, takeaway, pet groomers, post office and much more. Directly facing the business are large retirement flats, from which the business derives much of its trade. Just outside the property are free on street parking bays. Exmouth is a popular tourist location in the South West of England. Thousands of visitor’s flock to this location each year. Exmouth hosts regular festivals and events, such as the Let’s Rock Exmouth festival and the many arts and craft fairs. The town has a great beach and harbour. Water sports and fishing are very popular with both the locals and visitors. The road on which the business is located is an arterial road in the town, this runs up to Knowle Hill and down to Exmouth town centre. The business is just a short 5 minute drive away from the town centre. The area benefits from generous public transport. There are bus stops dotted around the area with regular daily routes into Exmouth and surrounding towns. The closest train station is in the town centre.

The Hair & Beauty Shoppe is set on a retail parade of stores. The premise is single fronted and has a large window, this allows for a bright and airy salon space. The property is well-signed, this is clearly visible to passing trade. On entry is the main hair salon, to the left is the waiting area and service desk. There are 5 mirrored cutting stations, each fully equipped with a hood dryer. This room is fitted with a ceiling fan. Through to the back of the property there is another salon section. In this room, there are 3 more mirrored cutting station and 3 backwashes. The first therapy room has a beauty bed and a sofa bed. This room has a nice ambiance. There is an office space and storage area in this room, with exit to the rear of the premises. The second beauty room has a beauty bed and a corner sink, again the room has a nice décor. There is a separate staff room, were there is a kitchen, WC and further storage.

Tenure
We are advised the business is being sold as a Leasehold opportunity. Original lease length: 9 yearsRemaining lease length: 7 years as of 2016. Rent: £8,500 per annum

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