Modern Hair And Beauty Salon
Shoreham-by-Sea, West Sussex
- Asking Price: £21,000 +SAV
We are advised the business averages a weekly turnover of approximately £2,000-£2,500.
The 2018 accounts will show an average turnover in the region of £115,000 and gross profit of £85,000.
The internal assets are valued in the region of £25,000.
- Tenure: Leasehold
Hilton Smythe welcomes to the market a very well established Hair and Beauty Salon.
Identity Hair Salon was established by our client over 10 years ago and due to pressures of his families other business, is now offered for sale.
The deceptively large salon offers the full range of contemporary hairstyles for all ages, hair colouring, relaxing, conditioning treatments and bespoke styles for either weddings or parties.
Our client uses the Moroccanoil range of hair colours and treatment products.
There is also a healthy retail side which includes the poplar range of GHD’s.
There is currently over 2000 client records held on the computer system.
A full range of treatments are available including manicures, waxing, brow shaping, eyelash extensions and tinting. There is currently 1 fully fitted beauty room however the unused garage space could easily be converted to increase the number of rooms to 3.
Our client currently uses Yell.com, Facebook and the UK Hairdressers directory to predominantly advertise where they are. However, the business is now only really being run to suit our clients needs who identifies adding its own website, including the business on sites such as Groupon and Treadwell would drastically increase the footfall of new customers.
This is fast becoming 1 of the most important times in Shorehams history, with what has been projected as 300% of increase in the number of people living within walking distances of all the amenities. Any new owner would be best to capitalise on this opportunity and buy this beautiful business now.
Our client is keen to attract a quick sale which is being reflected in the very low asking price.
Early viewing comes highly recommended so as not to be disappointed.
The business is currently been run by our client and two full time employed Stylists and one self-employed Beauty Therapist who rents the beauty room at £100 per week.
Monday Tuesday and Wednesday 9.30am to 6.30pm
Thursday 9.30am to 8.30pm
Friday 9.30am to 6.30pm
Saturday 9.30am to 5.30pm
Identity Hair Salon enjoys one of the prime trading positions on the High Street in Shoreham-by-Sea, West Sussex.
This busy parade of shops has become an eclectic mix of bars, cafes, restaurants, banks and building societies, quirky independent retailers and antique shops with several high street DIY stores and supermarkets located on the main road leading into Shoreham itself.
Shoreham is currently undergoing millions of pounds of new investment mainly driven by the increased need for both luxury and affordable housing caused by the overspill from nearby Brighton which is only 7 miles East. There has recently been permission granted for over 500 new homes at Shoreham Harbour with many other similar builders looking for new plots of land which may look over the River Adur, Shoreham Harbour and English Channel.
The business benefits from having several pay and display car parks within 2 minutes walk, free parking on the same street and a busy bus stop located just across, linking commuters from Worthing to Brighton.
Shoreham mainline station is also 2 minutes walk from the business, allowing both tourists and commuters to reach central London in approximately 1 hour 15 minutes.
We are advised the usable floor area id 82.75m2
L shaped Reception desk which includes client database of over 2,000 clients.
7 Hair stations, 4 with large ornate gold mirrors and 3 with fully lit bespoke mirrors.
3 Relaxing backwash units, colour storage and staff kitchen.
Beautiful client toilet with solid glass sink unit.
Treatment bed, sink unit, bespoke lighting and waxing equipment.
Currently just used for storage but could quite easily be converted into two more beauty rooms.
We are advised the business is been offered on a renewable Leasehold opportunity, originally 15 years with 4 now remaining paying just £15,000 per year.
The business also benefits from full small business rate in this financial year.