Archived
Well established Hair Salon & Training Academy for sale
Hereford, Herefordshire
- Asking Price: £129,995 +SAV
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Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £185,000, with an adjusted net profit in the region of £80,000. Full financials can be made available upon further request.
Please quote reference B06250
- Tenure: Leasehold
Please quote reference B06250
Hilton Smythe is delighted to present to the market Hereford Hair Salon & Academy.
This very large contemporary space offers hairdressing, barbering, beauty treatments as well as having an in-house training academy for 16 students.
Our client established the salon in 2008 and later moved to this new unit, investing in excess of £120,000 in the full transformation of the empty shell unit into a stunning multi-functional business opportunity.
The sale of the business includes -
- Reception desk - Till, laptop storage unit, 4 display stands
- Waiting area - Wall mounted TV, glass coffee table, 3 seater velvet sofa, 2 seater velvet sofa
- Salon - 8 Wall mounted mirrors, 1 central double sided light up station, 10 styling chairs, 5 styling trolleys, 2 massage backwashes, 1 glass screen divider , 2 backwash stands ,Folding table
- Training salon - 17 Mirror work stations, 14 styling chairs, 3 barber chairs, 1 bookcase, 17 styling trolleys, 2 backwashes, Glass divider screen, 2 climazones , 3 hood dryers, 2 steamers, 12 tripod stands, Folding table
- Staff room - Washing machine, Tumble dryer, Microwave
- Hallway - 1 Tall boy storage cupboard, Towel caddy, Facial steamer, Infrared stand, Spray tan tent & equipment
- Classroom - 8x tables, 14 x chairs, 2x storage cupboards , Projector, White board , Office chair, Flip chart
- Beauty room - 1 x beauty couch, 1x nail station, 1x trolley, 2x wax pots
- Beauty Classroom - 4 x beauty couch, 2 x privacy screens, 2 x storage boxes, 1 x book case, 3x beauty trolleys , 3x stools, White board
- Office - 2 Office desks, Filing cabinet, 3 office chairs
It is clear to see from the photo images attached, the level of detail that has been invested including the purchase of bespoke furniture (costing £28,000) to complement the sleek interior.
The salon currently offers the following services/treatments -
- Hair cutting, styling, perming & Olaplex treatments
- Choice of half/full head colouring, cap highlights, ombre & balayage
- Beauty treatment - including waxing, eyelash tints, manicures, facials & massages
- Gents barbering
The academy currently offers the following courses -
- Barbering - NVQ level 2
- Beauty therapy -NVQ level 2
- Hairdressing - NVQ level 2 & 3
We are advised the sales are normally equally split between the hairdressing side and the courses run by the academy.
The salon comes with excellent customer reviews including 4.9/5 by Facebook customers and 4.4/ 5 through Google reviews.
Our client currently advertises on the following sites -
- Own website
- Instagram - 626 followers
- Facebook - 2,730 followers
- Heyhairsalons.co.uk
- Thompsonlocal.com
- Findglocal.com
- Beautynailhairstations.com
- Openinghours.guru
- Anti-wrinkle/Botox treatments
- Lip fillers
- Vitamin injections
- Make-up training
Very rarely do exciting salons with a training academy included come onto the open market in such a thriving city and we therefore strongly recommend early enquiry to avoid disappointment.
We are advised that the business has 1 full-time and 3 part-time members of staff.
The business hours are -
Monday – 9:00am – 9:00pm
Tuesday – 10:00am – 4:00pm
Wednesday – 10:00am – 4:00pm
Thursday – 9:00am – 6:00pm
Friday – 9:00am – 4:00pm
Saturday – 9:00am – 4:00pm
Sunday - Closed
Hereford Hair Salon & Academy occupies a much sought after trading position along Commercial Street within the centre of Hereford.
Commercial Street is the main pedestrianised shopping area within the heart of the city Hereford and as a result attracts a very high footfall.
Hereford is a very desirable town located in the centre of the Herefordshire county and positioned on the loop of the River Wye. The town is known for its golden stoned cathedral with its medieval Mapp Mundi and Chained Library. Hereford has become a very sought after place to both live and work and has established a very exciting restaurant scene.
Hereford County Hospital is located directly in front of the salon.
The town is accessed just off the A49 link road which connects directly to the nearby M50 motorway.
Nearest mainline station is Hereford, just 5 minutes’ walk from the salon.
The salon benefits from free customer parking to the rear of the salon, there are also 2 large pay and display car parks within 5 mins walk from the salon.
Ground Floor -
- Client waiting area, reception desk & retail display shelving
- Main salon
- Large Training salon
- Staffroom
- Hallway
- Classroom
- Beauty room
- Beauty classroom
- Office
Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is £833 per month and has £0 rates payable.
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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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