£0 £1000000
£0 £1000000

Much-Loved Community Salon

Maidstone, Kent

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Sold

£39,995 +SAV

Ref: B05837

Leasehold

Overview

Please Quote Reference B05837

Hilton Smythe are delighted to present to the market the Hair Team Salon, a much-loved community salon opportunity with over 25 years trading goodwill.

The business and property were recently purchased by our client who is now looking for a new tenant to both own and operate the salon as well be the first person to be given a new long business lease.

The salon is completely staff run by an extremely loyal team of 4 who have all worked within the business from 11 years up to 20 years. Collectively they currently achieve a combined turnover of £10,000 per month which could instantly be further increased by a new owner/ stylist or new owner/beautician.

Currently the unit is split into 2 x separate areas, 1 for lady’s hairdressing and 1 for men’s barbers (own external entrance). Any new owner may look to re-configure the large available space to allow a new Beauty room or any similar linked business focus.

The team is split 3 x ladies hairdressing stylists and 1 x part time barber who all have a full column booking list with regular clients, offering a full hairdressing list of services including colours using the renowned L’Oréal brand.

We are advised the last full business accounts achieved approx. £160,000 in 2018 which any new owner could instantly add 50% by adding with more stylists, an additional barber or new beautician.

There is also available space in the window area which could easily accommodate 1-2 nail stations.

Our client is offering a very reasonable rent with favourable terms to be agreed to suit both sides.

In preparation for a new owner, our client has invested time in improving the health & safety, first aid facilities and personnel support for the stylists and will be very happy to hand these processes over to any new buyer.

Currently the towels are taken away and laundered at a price of £1,500 per year which could easily be taken away by managing in-house.

Very rarely do profitable local salons of this nature ever come onto the open market and we strongly advise early viewing to avoid attention.

Turnover
The business generated a 2018 annual turnover of around £160,000 with a new adjusted net profit of £39,000-£40,000. For further information please reference B05837.

The business is run and managed by the current team which includes -

  • 1 FT stylist.
  • 2 PT stylists.
  • 1 PT barber.

SUNDAY - Closed

MONDAY - Closed

TUESDAY - 9am to 5pm

WEDNESDAY - 9am to 6pm

THURSDAY - 9am to 6pm

FRIDAY - 9am to 7pm

SATURDAY - 8.30am to 4pm

Hair Team Salon occupies a highly enviable trading position on Willington Street in Maidstone, Kent.

The business sits along a busy parade of community shops which include a Co-op, Coral Bookmakers and Willington Street stores.

Willington Street connects nearby Langley to both the A229 and the centre of Maidstone.

The A229 connects to both the A249 and the M20 motorway which acts as the main route from Folkestone to London.

Nearest mainline station is either Bearsted or Maidstone West.

The salon benefits from free customer parking spaces directly outside.

Ground Floor -

** ceiling mounted air con / heater.

  • 6 x Hair stations (room for a minimum of 4 more) arranged to the left and rights and walls.
  • Reception Desk (currently positioned at the front of the salon) with a 2 seated client sofa.
  • Centre - currently used for a coffee table and Hood Dryer.
  • Rear (left) - toilet facilities with vanity wash basin and secure exit to the rear garden area.
  • Rear (right) - 2 x backwash units, towel store and hairdressing trolley store space.
  • Large staff kitchen - includes low and wall mounted storage, tumble dryer, sink unit.
  • Barbers - accessed via the kitchen as well as having its own front door, includes 2 x barbering chairs, single backwash unit, storage shelving and mirrors.
The salon is fully alarmed.

Tenure
We are advised a minimum 10-year lease will be offered with a yearly rent of just £9,000 per year, the business also benefits from full small business relief on the business rates paying 0 rates in the current year.

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