For Sale
Well established Beauty Treatment business for sale
Wedmore, Somerset
- Asking Price: £69,999 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £115,000, with an adjusted net profit in the region of £32,000. Full financials can be made available upon further request.
Please quote reference B06647
- Tenure: Leasehold
Please quote reference B06647
Hilton Smythe are delighted to have been given the opportunity to manage the sale Of Essence Beauty of Wedmore which is a well established Beauty treatment business with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular local business in an upmarket and sought after area.
The business was founded over 6 years ago by the current owner who has run it successfully and lucratively and during which time it has accrued an impressive number of loyal, repeat customers along with a burgeoning reputation.
The hair salon (Essence Hairdressing) is a separate business owned by our clients sister, and will remain open and trading as normal and the name essence was originally her name. We are happy for essence beauty to remain but a divide in the website and brochures will need to be put in place
This great little business has been a real labour of love but is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to spend more time with her young family and possible new business venture. The vendor is keen to see her beloved beauty salon pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Essence Beauty offers a wide range of beauty treatments and services in a relaxed and friendly environment. The business is committed to offering professional brands which are tailored to their clients individual needs. The business offers excellent services in manicure, pedicures, gel polish application and nail enhancements.
Services include;
- Occasion Makeup
- Eyelash Extensions
- Eyelash Lift
- Dermalogica Facials
- Dermaplaning
- Body and Holistic Therapies Swedish Massage
- Hopi Ear Candles
- Eyes and Brows
- Waxing
- Spray Tanning
- Hands and Feet
- Hydrotherm Massage
Reasons to Buy -
- A well-established business with an enviable reputation and many existing customers
- Prime trading position with little or no competition
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business or offers bolt on potential
- Opportunity to purchase the freehold if required
This lovely business is likely to attract considerable interest.
We are advised that the business is owner run and managed, with the help of 3 full-time and 1 part-time members of staff. They also have 1 apprentice.
The business hours are -
Monday – Closed
Tuesday – 9:30am – 17:00am
Wednesday – 10:00am – 17:00am
Thursday – 9:30am – 20:00am
Friday – 9:30am – 19:00am
Saturday – 9:00am – 17:00am
Sunday - Closed
Essence Beauty of Wedmore is located in Wedmore.
Wedmore is a large village and civil parish in the county of Somerset. It is situated on raised ground, in the Somerset Levels between the River Axe and River Brue, often called the Isle of Wedmore. It forms part of the Sedgemoor district. The parish consists of three main villages, Wedmore, Blackford and Theale along with seventeen hamlets. The parish of Wedmore has a population of 3,318 according to the 2011 census.
It’s facilities include a medical and dental practice, pharmacy, butchers, a village store with off licence, a hairdressers, three pubs, restaurant, café and several other local shops. It is 4 miles south of Cheddar, 7 miles west of the city of Wells and 7 miles north west of Glastonbury.
Essence Beauty is ideally situated in the centre of the village in an attractive period style property. The business is beautifully presented and maintained with clear visible signage. There is free on street parking in the roads and streets surrounding the premises.
Essence Beauty occupies attractive period style premises which retains many original features including exposed brickworks, beamed ceilings and wood effect flooring and is ideally suited to the trade.
The business is beautifully presented and fastidiously maintained with a pleasing upmarket feel.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 10 year lease. The rent is £1,868 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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