Well established Hair and Beauty salon in Nottingham for sale
- Asking Price: £39,995 +SAV
Further financials can be made available upon further request.
Please quote reference B06702
- Tenure: Leasehold
Please quote reference B06702
Hilton Smythe is delighted to present to the market a very well established hair salon business which comes with a spacious two/three bedroomed flat directly above.
Mallia Hair Studio was established by our client in 2017 who completely transformed the tired unit into a spacious, contemporary salon space for both hair and beauty services.
The ‘turnkey’ business opportunity is now being made available for sale due to our clients other business interests and is currently only open on a very part time basis by her daughter.
The business has been valued on the simple transfer of the assets, salon space created, spacious accommodation and the transfer of the long lease. A full breakdown on all included in the sale can be made available upon further request.
Mallia hair currently only offers hair styling and colouring services, however as you can see from the business photographs attached there is lots of available space to add both beauty, nails and aesthetics treatments.
Our client's daughter only opens to accommodate her regular clients and we strongly advise any new owner to further optimise the space by renting out both hair styling chairs, the treatment room as well the unused space under the stairs.
The unit had previously been used as a traditional butchers business and therefore a complete modernisation of the unit was required.
The upstairs flat is accessed by a separate front door located at the front of the property and is currently let through a local agent on a 12 month agreement for £650 per month (The rental more than covers the complete rent of the building).
Key selling points -
- Only hair salon unit on the busy parade
- Accommodation arranged over 3 floors
- Decorated & refit to a very high standard
- Recently PAC tested throughout
- Fire extinguishers recently checked
- Very low running costs
- Opportunity to add further rental income
- Free customer parking
- Priced for quick sale
We are advised that the business is run and managed by our client, with our clients daughter only opening to deal with her regular clients.
The businesses trading hours are -
Monday - Closed
Tuesday – 10:30am – 5:00pm
Wednesday – 10:30am – 5:00pm
Thursday – 10:30am – 5:00pm
Friday – 10:30am – 5:00pm
Saturday – 10:30am – 5:00pm
Sunday - Closed
Mallia Hair Studio occupies a highly sought after trading position on Broxtowe Lane in Nottingham.
The business sits centrally along a parade of busy community shops which includes a McColl’s newsagents/post office, fish and chips shop, Greggs, Nisa local and home carpets/decoration business.
The Broxtowe area is well positioned just on the outskirts of Nottingham's city centre with easy access to the A610 and M1 motorway.
The business benefits from free customer parking directly outside as well available spaces in the neighbouring streets.
Ground floor -
- Reception desk/client waiting area
- 3 x hair stations (could be increased)
- 2 x backwash units
- Treatment room
- Understairs store area
- Dining room
- Living room
- Family bathroom
- 2 x double bedrooms
We are advised that the business is being sold on a Leasehold basis, with 10 years remaining on the 15 year lease. The rent is £600 per month.