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Popular Hair Salon in Ponthir, Gwent For Sale

Newport, Newport

  • Asking Price: £9,950
  • Turnover: The business generates a turnover in the region of £17,600 per annum, with a gross profit of approximately 90%.
  • Tenure: Leasehold

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Hilton Smythe is delighted to welcome to the market this popular hair salon business in Ponthir, near Newport in Gwent. The business was established in 1980 and has been in our client’s careful ownership since 2006. Only now is the business being offered to the market due to our client`s family commitments. The business is currently run at a pace to suit our client, only opening one full day and three half days per week, generating a turnover in the region of £17,600 per annum, with a gross profit of approximately 90%. Our client offers a variety of hair services and the salon boasts three cutting stations. Our client has built up an enviable reputation within the area for the high quality services offered, which has resulted in a very loyal client base and a high volume of repeat trade and word of mouth referrals. We feel there is scope for a new owner to expand into the beauty treatment business and offer nail care and pedicures, as well as other beauty treatments such as facials, massages, waxing and threading. The business holds a monopoly position within the village with no competition locally. We feel the turnover could be increased by extending the opening hours of the business. A new owner could also embark on a small marketing campaign to promote the business and the services offered. This is an excellent opportunity for a new owner to take this already popular business to the next level; therefore early viewing must come highly recommended.

The business is owner run and managed.

The business is open: Monday – Tuesday: ClosedWednesday: 9.00am – 1.00pmThursday: 9.30am – 7.00pmFriday – Saturday: 9.00am – 1.00pmSunday: Closed

Ponthir Hair Co. occupies ground floor premises within the large village of Ponthir, on the boundary of the city of Newport, South Wales. The hair salon is located within the heart of the village and is surrounded by a wealth of residential properties, from which the business derives much if its trade. The village is surrounded by picturesque countryside and is popular with commuters and tourists to the area. The village is primarily a residential area, with several new housing estates around the older village. Amenities available within the village include nurseries, children`s playgrounds, churches, two public houses, a grocery shop and a dentist. The village is a popular place in which to live and work, especially for commuters to the cities of Newport and Cardiff. The area is well-served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is approximately 7 miles away in Newport. The area is also well-served by the A-roads, with the A4042 within easy driving distance of the property, which links to the vast A-road and motorway networks. Abergavenny is approximately 16 miles away and Cardiff is 20 miles away.

Ground floor lock-up premises, briefly comprising: Main salon area with:Customer waiting area.Reception desk with electronic cash register.Tiled flooring.3 x cutting stations.1 x back wash station.2 x portable dryers.2 x product trolleys. Store room/kitchen with units and wash hand basin.WC with disabled access. External with: Good signage.

Tenure
We are advised Leasehold: Original lease length: 7 yearsRemaining lease length: 6 yearsReview every: 3 yearsRent: £330 per calendar month

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