For Sale
Well Established Hair Salon For Sale
Salford, Lancashire
- Asking Price: £39,995 +SAV
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Turnover:
Financial information can be made available upon request.
Please quote reference B06780
- Tenure: Leasehold
Please quote reference B06780
Hilton Smythe is privileged to present to the market this well-established hair salon business. Hair Razors is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement. The vendor is keen to see his beloved hair salon pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
The spacious Leasehold business opportunity combines a modern hair salon on the ground floor.
There are over 200 Facebook followers with an impressive 4.2/5 customer feedback score.
From hair consultations, simple cuts and subtle colouring to complete cutting-edge redesigns, they have created an environment that its passion, flair and artistic knowledge shines through.
With personal hair consultations, bespoke help and advice, it is easy to see why this salon business is one of Salford leading hair businesses.
Scope to Improve:
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter
- Rent out the treatment rooms as an additional income stream.
- A well-established business with an enviable reputation and many existing customers
- 1000 followers on both FACEBOOK and INSTAGRAM
- Perfect trading position on a busy main road with loads of footfall
- Presented in perfect decorative order with all fixtures and fittings making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Offers redevelopment potential.
- Another trading business on the first floor providing rental income
The business is run and managed by 3 full time and 2 part time staff members.
The business trading hours are as followed:
Monday - Closed
Tuesday to Saturday - 09:00am - 18:00pm
Sunday - Closed
The business sits along a busy parade of community shops.
This is a large residential area with excellent footfall throughout the day and evening.
A main bus stop not far from the business.
The business benefits from customer parking close by.
The property is beautifully presented inside and out, with excellent eye-catching signage.
Upon entrance is the service area the salon has 8 dressing out units and 3 backwash units. It was refurbed around 3 years ago to a classy, contemporary design and is a lovely, welcoming salon.
The property has an upper floor which is currently rented out to a beauty company independently.
Tenure
We are advised the business is being sold on a Leasehold basis with 5 years remaining on the current Lease, the rent is £2,000 per month with rates payable at £300.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
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.
