Well established Beauty & Lashes salon for sale
- Asking Price: £24,950 +SAV
We are advised that the business generates a turnover in the region of £80,000. Full financials can be made available upon further request.
Please quote reference B06028
- Tenure: Leasehold
Please quote reference B06028
Hilton Smythe are delighted to bring to the market a fantastic opportunity to purchase (on a leasehold basis) a very well-established, & immaculately presented beauty salon business.
The business has been under the meticulous ownership of our client for some time & is only now being marketed for sale as our client looks to pursue other business interests.
YLB Shrewsbury offer a whole range of face and body treatments along with nails and hair, with all beauty treatments are carried out by experienced therapists. As well as treatments, the business is also set up to offer training courses in the following treatments, Nail Art, Waxing, Henna Brows, Brow & Lash Tinting & Threading, Classic Lashes and Russian Volume Lashes. All courses accredited by the Beauty Guild. These are ideal training sessions for beginners to more experienced beauticians and are also a good source of revenue.
There is massive scope to increase turnover as demand for the products & services is increasing along with expanding some of the retail lines currently stocked, in addition to the possible undertaking of a robust marketing campaign to highlight the products & services available.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
We are advised that the business has the following (Current rental income of £1,890 per month) -
- 2 part-time Eyelash technicians - with rental income 40% of their bookings, so approx £300 per week.
- Eyebrow spmu - £90 p/w
- Aesthetics clinic twice a month - £200 pcm
- Space for another full-time member of staff for room rental at £150 per week, plus a nail technician at £125 per week.
- Space for 1 x full-time or 2 x eyelash technicians at £150 - £250 per week. (Currently my station, if they worked as I do, they would generate £350 per week rental income)
- Leaving an additional potential income of £2,275 per month.
The business is currently trading by appointments only, Monday to Saturday.
The property is located in the popular Wyle Cop area, one of the main routes into Shrewsbury Town Centre.
Wyle Cop is a popular trading location with a host of independent retailers including a number of independent fashion, beauty, jewellery and other complimentary businesses.
The main High Street and retail area of Pride Hill are only a short walking distance away, with the area being well serviced in terms of local amenities.
Shrewsbury is the County Town and Administrative Centre of Shropshire, located at the intersection of the main A49 and A5 trunk roads, approximately 47 miles North West of Birmingham, 15 miles west of Telford and 40 miles south of Chester.
The business is located in a grade 2 listed retail premises, that has undergone a programme of refurbishment over the years & can be found in true turn key condition.
The main salon area with various treatment stations along with a back wash station, all located on the ground floor, with a further 2 beauty rooms located on the upper floor. Both with running hot & cold running water & ample storage.
The property further benefits from a kitchenette area with a range of useful appliances along with a small courtyard area to the side. The business has excellent signage & is well visible to passing trade.
All fixtures and fittings are included in the sale.
We are advised that the business is being sold on a Leasehold basis, with a new lease to be negotiated with the new buyer. The rent is £550 per month.