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£0 £1000000

Newly established salon with an excellent reputation

Fareham, Hampshire

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Archived

£32,500 +SAV

Ref: B05956

Leasehold

Overview

Please quote reference B05956

Hilton Smythe are delighted to welcome to the market an opportunity to acquire an outstanding Hair Salon on a leasehold basis. 

The business has built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offer.

The business is now being offered for sale due to a change in personal circumstances for our client. The Salon has been under the careful & meticulous ownership of our client for the last year growing the business to an impressive level with an excellent local reputation and is seen as a real hub within the community and can be found in true “turn key “condition after an
extensive programme of refurbishment over the last year.


Currently our client offers a variety of services including haircuts and styling, extensions & hair colouring, there is also a beauty therapist treatment service within the salon that is currently operated independently. In addition to the salon & beauticians, there is also a one bedroom flat above the premises, that is currently rented out for approx. £800 PCM.

There is scope to further increase the level of turnover as there is little local competition so with the introduction of revised opening hours to utilise evening appointments, introduction of a rent a chair space for self-employed stylists , introducing some further beauty treatments for clients and the undertaking of a modest marketing campaign via local press, radio, social media and promotion of the dedicated website.

This is an outstanding turn-key business operating on flexible hours which offers a new owner the opportunity to take this already thriving business to the next level.
This would make an ideal acquisition for an existing salon operator.


Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.

Turnover
The business reports a turnover as of latest accounts at £229,374, with further income of £9,600pa from the flat & £6,000pa via the beauty salon.

Please quote reference B05956

The business is currently run with 6 members of staff plus the business owner.

Monday: Closed
Tuesday: 9am–5:30pm
Wednesday: 8am–6pm
Thursday: 8am–8pm
Friday: 8am–8pm
Saturday: 8am–4pm
Sunday: Closed


The business is located in a prime trading location within the popular Wickham historic village square.

The village is well serviced in terms of local amenities & offers a range of varied shops along with a post office, chemist, three village pubs and several eating establishments. Also within the village is a parish church, primary school and a doctor's surgery.

The location further benefits from many nearby country walks including the former railway line which now links many of the Meon Valley villages by foot.

Fareham and the M27 can be found just over three miles south of Wickham.

The business occupies a substantial ground floor mid-parade premises extending to 137m2 and has been recently fitted out to an excellent standard.

Briefly comprising:

Main salon (front) Large double fronted premises creating a light and airy feel Feature reception desk & Customer seating area
Rear Salon
4 x styling stations with mirrors and power points
3 x backwash stations
Beauty Treatment Room
Kitchen Area / Staff Room
Colour Room
W/C Area
Externally – Above
1 bedroom flat


The Business has excellent signage & is easily visible to passing trade

Tenure
We are advised that tenure is offered on a leasehold basis
Lease 10 years with 9 years remaining
Rent £21,000 per annum


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