Well established Hair & Beauty Salon for sale
- Asking Price: £89,999 +SAV
We are advised as per the 2022 accounts, the business generated a turnover in the region of £240,000, with a net profit in the region of £20,000. Full financials can be made available upon further request.
Please quote reference B06100
- Tenure: Leasehold
Please quote reference B06100
Hilton Smythe is delighted to welcome to the market an opportunity to acquire an outstanding Hair & Beauty Salon, located on High Street, Lee – On - The – Solent. The business has been trading since 1986 and built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to retirement.
The salon trades 6 days a week and generates a turnover in the region of £300,000 with a high gross profit margin. Services offered include a full range of men’s and lady’s hair and beauty including microblading. The salon is specifically well known for their specialised colouring techniques.
The reviews and ratings are 5 star including google, Facebook and my local salon. Our client is offering a handover period to ensure the continued success of the business.
Reasons to purchase -
- Excellent area
- Low overheads
- Experienced, long serving staff members.
- Highly rated and extremely well known.
- Well established with excellent client retention
We are advised that the business has 4 full time and 12 part time staff members.
The business hours are;
Monday – 09:00 – 17:00
Tuesday – 09:00 – 21:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 21:00
Friday – 09:00 – 19:00
Saturday – 09:00 – 17:00
Sunday - Closed
Strawberry Workshop enjoys a highly desirable trading position along a popular parade of shops on High Street, Lee-on-the-Solent, Hampshire.
Lee-on-the-Solent, often referred to as Lee-on-Solent, is a small seaside district within the Borough of Gosport, Hampshire and about 5 miles west of Portsmouth. The area is located on the coast of the Solent and as a result attracts a healthy seasonal tourist footfall, as well as a constant footfall of customers who travel far for this service
The business benefits from ample car parking facilities within the proximity.
The nearest town is Fareham which is minutes’ drive from the busy M27 motorway linking Southampton in the West to Portsmouth to the East.
This busy hair and beauty salon occupies substantial double fronted, ground floor premises, centrally located on High Street, providing an abundance of footfall. Strawberry Workshop is kept up to date with modern décor and furnishing, creating a fresh and modern look.
Upon entrance there are perimeter hair stations, with the backwash systems and additional hair stations at the rear of the service area.
The salon has large window display space at the front and is fully furnished with high quality assets and is fully air conditioned.
To the rear of the premises are the beauty rooms, staff room, office, laundry room, storage room with kitchenette and WC
There is also an owner car park space at the back of the property.
The sale of the business also includes;
- Website (online booking)
- Social media accounts
- Beauty beds
- 5 beauty rooms
- 13 hair stations
- 1 consultation station
- Large mirrors
- Coffee bar
- Hairdressing chairs
- 5 reclining backwash systems
- 2 makeup stations
- 2 Nail stations
- Reception desk
- Seating area
We are advised that the business is being sold on a Leasehold basis, with a new 5 -7 year lease available for the new buyer. The rent would be £20,000 per annum and has £8,000 rates payable.
The freehold is also available.