For Sale
Well established beauty salon business for sale.
Stockport, Cheshire
- Asking Price: £99,995 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £135,000, with an adjusted net profit in the region of £50,000. Full financials can be made available upon further request.
Please quote reference B06008
- Tenure: Leasehold
Please quote reference B06008
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) a long standing & exceptionally well-run beauty salon business with an excellent reputation.
The business has only now come to the open market as it’s our client’s intention to relocate to another part of the UK.
Preen Beauty Specialists has been under the careful & meticulous ownership of our clients for the last 5 years and they have grown the business to an impressive level.
The business offers a host of beauty treatments such as, Nails, hair, make up, waxing, lashes, eyebrow design, pedicures, manicures, tinting along with pampering & bridal packages. The business is very well known in the area and sees a high amount of repeat trade and word of mouth recommendations, with the friendly staff always at hand to offer advice and professional beauty care.
The salon is beautifully presented with a high level of equipment installed & benefiting from a good presence on social media through Facebook, Instagram & their own dedicated website.
We feel that there is scope to increase turnover and take the business to the next level by undertaking in a robust marketing campaign to generate new clients and introducing new services along with the possible expansion of the workforce to help accommodate new business along with revised operating hours.
A tremendous opportunity to own this business, and early enquiry must come highly recommended to avoid disappointment.
We are advised that the business has 3 full time members of staff and 4 self employed.
The business hours are;
Monday- Closed
Tuesday- 10:00-20:00
Wednesday- 10:00-20:00
Thursday- 10:00-20:00
Friday- 10:00-18:00
Saturday- 10:00-18:00
Sunday- Closed
The business is located in the popular St Peters gate area of Stockport.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
There are several railway stations nearby. There is also a main bus link to and from surrounding towns and the city centre.
The area is also well served by the A-roads, with the A6 within easy driving distance of the business, which links to the m60/M61 motorway network.
Preen Beauty Specialists occupies a traditional, modern well-presented premises that have benefited from a major refurbishment over the years to create a bright & welcoming salon environment, and briefly comprise.
Entrance from street level into Open plan area with customer seating area, a host of treatment stations & complimented with various display areas.
Treatment rooms, all furnished with plinths & various industry equipment, along with staff area & good storage . The premises can be found in true “turn key” condition.
Tenure
We are advised that the business is being sold on a leasehold basis, with 1 year remaining on the 5 year lease. The rent is £1,400 per month.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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