Long Established Hair and Beauty Salon
York, North Yorkshire
- Asking Price: £12,000 +SAV
- Turnover: We are advised that the turnover in the year to 31 March 17 was £35077 with GP around 84%. Stock is currently valued at circa £1000.
- Tenure: Leasehold
Hilton Smythe welcomes to the market the long established Vida Hair and Beauty. The leasehold business was established about 10 years ago and has been owned by our client for 2 years. Our client now reluctantly sells to concentrate on other interests. The salon specialises in hairdressing for ladies, gentlemen and children. It also provides beauty treatment such as pedicures, manicures, nail services including acrylics, spray tans, waxing, eyebrow waxing and tinting. The salon also provides packages for special occasions. The atmosphere is friendly and the décor/fittings are of a high standard. Although the business is long established our client is not a stylist and only attends the salon occasionally. She is reliant on staff, this affects both turnover and profit. Indeed, the business is probably breaking even at the moment. Turnover would increase significantly with a hands-on stylist or beautician owning and running the business and profits would follow. The business would also benefit from promotions, marketing and a website. The price has been substantially reduced for an early sale. The business would be ideal for a keen and energetic stylist looking to acquire an established business for the first time and to expand its client base.
The business is run by a stylist and a stylist/beautician with our client occasionally attending.
9.00am to 5.00pm Tuesday, Wednesday, Friday and Saturday Closed Sunday and Monday Opening hours could be extended.
The business is located in a prominent position at the end of a row of shops at a busy junction on Boroughbridge Road, around 1 mile from the historic centre of York. The business is located at the end of an attractive parade of shops in a densely populated residential area. Both passing traffic and footfall are high, with vehicles stopping at the traffic lights controlling the busy junction outside. There is free pavement parking to the front and the business benefits from good clear signage.
The ground floor corner property was extensively refurbished by our client on purchase 2 years ago. Circa 46sqm. The fittings and décor are excellent.The salon has an attractive frontage with entrance leading to:An open plan salon with 3 stations and 2 back washesWaiting area with setteeReception deskStorage areaToilet with facilities. There is pavement parking for 2 vehicles to the front The sale includes the reception desk, chairs, mirrors, 2 back washes, stock cupboard, shelving, settee, treatment bed, spray tan, microwave, kettle fridge and styling equipment.Our client values the assets at £3000.
We are advised that the property is of leasehold tenure. The 10 year lease has 8 years remaining.The rent is £607 pcm.