Sold
Long established family run Salon for sale
West Midlands
- Asking Price: £190,000 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the buisness generated a turnover in the region of £110,000, with an adjusted net profit in the region of £30,000. Full financials can be made available upon further request.
Please quote reference B06195
- Tenure: Freehold
Please quote reference B06195
Hilton Smythe are pleased to have been given the opportunity to manage the sale of a well-established Hair and Beauty business with a renowned reputation not only with local residents, but also with customers who travel up to 50 mile to use our clients services. This is a superb opportunity to take on a popular business in an area teeming with customers which still offers further potential.
The business was founded approximately 60 years ago and has remained in the family and passed from mother to daughter so can truly be called a “Family” business. The current owner has run it successfully and lucratively for the last 35 years or so, during which it has accrued an impressive number of regular customers and a burgeoning reputation. 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 community.
This great little business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement.. The vendor is keen to see her beloved hair salon pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
The business offers a wide range of hair treatments and services in a relaxed and friendly environment. The business prides itself on its range of services and treatments, and provides friendly advice on everything required to keep their customers hair beautiful and in top condition.
Services include;
- Ladies and Gents haircuts and styling
- Cut and blow dry
- OAP & Student discounts
- Wedding, Evening Hair Up and Prom hair
- Child Cuts for under 12’s
- Perms
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
- Introduce a range of complementary beauty treatments perhaps nails, tanning or brows
- Rent out the treatment rooms as an additional income stream.
- A well-established business with an enviable reputation and many existing customers
- Perfect trading position on a busy main road with loads of footfall
- Presented in perfect decorative order with all fixtures and fittings making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Includes the substantial freehold with garden and separate En-bloc garage
- Offers redevelopment potential.
This lovely little business is likely to attract considerable interest
We are advised that the business is owner ran and managed, with the help of 3 full-time and 3 part-time staff members.
We are advised the business hours are -
Monday – Closed
Tuesday – 09:00 – 17:30
Wednesday – 09:00 – 17:30
Thursday – 09:00 – 17:30
Friday – 09:00 – 19:00
Saturday – 09:00 – 16:30
Sunday - Closed
The business is located in Coventry
The business is situated on a busy main road, just by a roundabout meaning that drivers slowing to enter the roundabout cannot fail to notice the business. The businesses sits alongside other complimentary retail businesses such as a newsagent, a laundrette, a tanning salon, a hair business and a busy garage and thus benefits from high levels of footfall and passing trade along with regular custom.
The business is beautifully presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises.
The business occupies two floors of an inner terrace, period building, is presented and maintained to the highest standards and briefly comprises:
Salon - Double glazed bay window and glazed door to front creating a light, airy and inviting interior, beautifully decorated, expensive looking wood effect flooring, bespoke counter to front with appointment book, till, phone and card machine etc, 3 hair stations each with chair, mirror, electric sockets and storage, wall mounted Wella Climazone Millennium hair dryer, interesting raised area to rear with a customer waiting area, 2 backwash with leather effect seating, 2 further hair stations, wall mounted , extendable hair dryer.
Staff Room - Tiled floor, window and door so side, range of base and wall units in beech effect with complimentary worktop, stainless sink and drainer, Monobloc tap, fluorescent lighting, space for fridge.
To the first floor and accessed by stairs from landing below are a number of rooms which offer potential to convert into a self-contained flat ( subject to the necessary planning permissions) and briefly comprise;
Beauty Room 1 - Lovely room full of natural daylight from window to front, newly decorated, LED lighting, base unit with inset hand wash basin, electric panel heater, wood effect flooring, 2 hair stations each with chair, mirror and shelfs.
First Floor Salon - Again immaculately presented, windows to rear flooding the room with natural daylight, base units with circular hand wash basin and Monobloc tap, horizontal blinds, 2 hair stations with chair, mirror and foot rest, Wella Climazone wall mounted dryer, backwash.
Beauty Room 2 - Window to front, light oak effect flooring, freestanding glass cabinet, 2 hair stations.
WC - Window to rear, vinyl flooring, closed coupled toilet, hand wash basin and vented tumble dryer.
Externally - To the rear of the premises is a good sized garden mainly laid to lawn with established trees and shrubs and former herbaceous borders. The garden offers potential for additional off road partaking.
Garage - To the end of the garden and accessed by a private road is an En-bloc garage that has just had the doors replaced at considerable cost and is dry and weather proof and currently used for storage.
Tenure
We are advised that the business is being sold on a Freehold basis.
