£0 £1000000
£0 £1000000

For Sale

Highly Renowned Hair & Beauty Business

Kent

  • Asking Price: £59,950 +SAV
  • Turnover: The business is scheduled to achieve a 2019 Turnover of around £80,000 which is very similar to the Turnover achieved in 2016, with a gross profit of circa £21,000 adjusted net profit should be around £35,000- £40,000.

    Please quote reference B05493

  • Tenure: Leasehold

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Please quote reference B05493

Hilton Smythe are delighted to present to the market a large salon opportunity occupying 2 x floors decorated to a high standard. The business comes with many years of trading history, it is now been sold to allow our client to start a family.

The renowned business offers both hair and beauty services and was previously a well-known City & Guilds Training Academy. Services include -

  • Ladies and Men’s haircutting, restyling and colouring.
  • Perming/Chemical straightening.
  • Hair conditioning and Hair extensions.
  • Waxing, Pedicures, Nails.
  • Hopi Ear therapy, Facials, Massage.
  • Wedding packages.
Our client advises 70% of the turnover is derived from Hair services and 30% from Beauty. 2 of the 4 staff working in the salon can do both and hair treatments.

All staff apart from our clients are employed on a 50/50 rent a chair basis.

The salon has the potential to employ 8 stylists.

The size of the salon allows any new owner to easily double the current turnover levels, we recommend any of the following areas -

  • Increasing current staffing levels.
  • Remodelling the ground floor area.
  • Updating the current website, social media presence and advertising.
  • Add a new online booking system including an easy to use ‘App’.
  • Increasing the limited choice of Beauty services, including the increasingly popular non-surgical procedures, fat reduction treatments and spray tans.
  • Add permanent make-up and tattooing.
  • Remodelling the lower ground floor to increase the number of Beauty rooms - adding more rooms could easily be rented out individually to increase turnover.
  • Extend current opening hours.
  • Re-introduce a growing school facility.
Rarely do salons of this size, reputation and location come onto the open market. To create a salon space of this standard would easily cost up to £50,000. We strongly recommend early viewing to avoid disappointment.

The business run and managed by our client with the help of 4 self-employed hair stylists/beauticians.

SUNDAY / MONDAY - Closed

TUESDAY - 9am to 3pm

WEDNESDAY - 10am to 8pm

THURSDAY - 9am to 8pm

FRIDAY - 9am to 6pm

SATURDAY - 9am to 4pm

The salon occupies a highly visible corner trading position, the business sits centrally in a dense residential area.

The salon is based in a thriving town in the county of Kent where the business benefits from free parking on nearby streets.

Front external -

  • included in the lease is a large pavement space, ideal for customer parking or a designated customer area.
Ground floor -

  • Large customer waiting area with a black leather sofa and retail display shelving.
  • Curved Reception desk.
  • 7-8 Hair Styling Stations.
  • 1 Nail bar station.
  • 3 x single backwash units.
  • Staff room.
  • Staff kitchen and colour store.
  • Toilet.
Lower Ground Floor -

  • Sunbed Room - larger than average room which includes a rented stand up solarium (recently re-tubed).
  • Treatment Room 1 - treatment bed, storage trolley, storage shelving and access to large store cupboard.
  • Treatment room 2 - currently used as storage.
  • Office - currently used as an office but could be used as a further treatment room.
The premises are circa 117sqm.

Tenure
We are advised the business is being sold as a Leasehold with 2.5 years remaining on a 7-year renewable lease paying just £13,200 per year. The business benefits from full small business relief paying 0 rates in the current year.

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