For Sale
Well Established Hair Salon For Sale
Rugby, Warwickshire
- Asking Price: £20,000 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £100,000 as of 2020, further financial information can be made available upon request.
Please quote reference B06505
- Tenure: Leasehold
Please quote reference B06505
Hilton Smythe is delighted to welcome to the market on a leasehold basis a well-run and popular hair salon with an excellent reputation.
The Styling Rooms has been under the careful and meticulous ownership of our client since 2017 and has grown the business successfully over the course of their ownership with it being the only fully organic salon in the town. It is only now the business comes to the market for sale as our client wishes to relocate.
The business offers a variety of services including haircuts and styling, extensions, and hair colouring, in a relaxed, and sustainable environment, with the focus on health and wellbeing, whilst only using the best of organic ingredients during the process with the clients.
We feel there is scope to further increase the level of turnover as there is little local competition in the organic salon market place, so with the introduction of revised opening hours to utilise evening appointments, along with the introduction of a rent a chair space for self-employed stylists , introducing beauty treatments for clients and the undertaking of a modest marketing campaign via local press, radio, social media and promotion of the dedicated website, would help to increase the client base for the business.
This is an outstanding turn-key business operating on flexible hours, which offers a new owner the opportunity to take this thriving business to the next level, this would be an ideal acquisition for an existing salon owner.
Included in the sale of the business will be the following:
- Reception Desk
- Colour Bar
- 2 x Backwash Units.
- 6 x Salon Chairs
- 6 x Salon Mirrors
- 1 x Reception Swing.
- 2 x Colour Trolleys
- 2 x Styling Trolleys.
- Countertop Fridge.
- Nespresso Coffee Machine
The business is run and managed by 1 full time staff member with our client working 4 days and 1 part time self employed stylist.
The business trading hours are as followed:
Monday - Closed
Tuesday to Thursday - 10:00am - 20:00pm
Friday - 09:00am - 17:00pm
Saturday - 09:00am - 15:00pm
Sunday - Closed
The business is located in the busy and popular town of Rugby, surrounded by a host of complimentary shops and businesses, leading to a good level of footfall, and passing trade.
The area is well serviced in terms of local amenities, with shopping facilities located in the town centre, complimented by a host of recreational facilities along with excellent transport links via both road and rail.
The Salon is a unique and beautiful space finished to a very high standard. An open plan space consisting of double height exposed concrete ceilings & white wood effect Karndean Floors.
A Separate space is created behind a wall partition that houses a small kitchen area for Staff.
At the back of the salon there is a recently refurbished Client Toilet.
A Loft space has been created for extra storage but also has potential to house a second floor.
Tenure
We are advised the business is being sold on a Leasehold basis with a new lease and lease terms to be agreed at the point of sale, the rent is £666 per month.
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Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
