For Sale
Well established Hair Salon with 2 bedroom flat for sale
Woking, Surrey
- Asking Price: £80,000 +SAV
-
Turnover:
We are advised as per the 2020 & 2021 accounts, the average turnover generated was in the region of £85,000, with the average net profit in the region of £39,000. Further financials can be made available upon request.
Please quote reference B06961
- Tenure: Leasehold
Please quote reference B06961
CoGoGo are pleased to have been given the opportunity to manage the sale of Headway’s Hair Salon, which is a well-established Hair Salon with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular and well used local business in an area teeming with customers.
Headway’s Hair Salon was founded by the current owners approximately 15 years and despite COVID has performed really well accruing an impressive number of regular customers along with a burgeoning reputation.
This great little business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to pursue a change in direction . The vendors are keen to see their beloved hair salon pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Headways Hair Salon offers a wide range of hair services in a relaxed and friendly environment. The business provides friendly advice on everything required to keep their customers looking young and beautiful. Services include;
- Cut & Finish
- Blow Dry
- Wedding & Prom Hair
- Cutting
- Gents wet and dry cuts
- Perms
- Colours
- Senior Citizens
The sale will include the company website (www.headwayshair.com) and Facebook page and the business enjoys great visibility on the internet with impressive reviews such as;
- “Great experience, fantastic staff, so friendly and informative “
- “Very pleased with my colour, cut and blow dry. The staff couldn’t be more friendly and helpful. A big thank you“
- “Attentive, professional and friendly. Good hair do too”
- “Fantastic! Really, really pleased with my new haircut. You have restored my faith in hair salons. Will definitely be back and will not hesitate to recommend. Thank you again!”
- Advertising and marketing campaign
- Update the existing website
- Extend the opening hours
- Introduce additional beauty treatments
- Explore online voucher discounters such as Wowcher and Groupon
- A well-established business with an enviable reputation and many existing customers
- Includes owners accommodation or additional rental income
- Prime trading position
- Little or no competition locally
- Current owners happy to offer a handover to ensure the continued success.
This lovely little business is likely to attract considerable interest.
We are advised that the business is owner run and managed, with the help of 2 part-time stylists.
The business hours are -
Monday – Closed
Tuesday – 9:00am-5:00pm
Wednesday – 9:00am-7:00pm
Thursday – 9:00am-5:00pm
Friday - 9:00am-5:00pm
Saturday - 9:00am-4:00pm
Sunday - Closed
Headway’s Hair Salon is located in Woking.
Woking is a town and borough in northwest Surrey around 36km from central London. The borough of Woking covers an area of 64km (25 sq.m.) and has a population of 100,793.
Woking has a modern and successful economy and is considered a salubrious area in which to live and work.
Woking railway station is one of the busiest commuter stations in the London Commuter belt, and Woking position along the M25 motorway facilitates commuting both into London and throughout the Home Counties.
Headways Hair Salon occupies a prominent corner position in a small, but unusually busy and vibrant shopping parade. The business sits alongside other complimentary retail businesses such as an Off Licence, Sandwich Shop and Takeaways and thus benefits from high levels of footfall and passing trade along with regular custom.
The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises along with free parking bays immediately outside.
Headways Hair Salon occupies the ground floor of a period style property and is presented to the highest standards and fastidiously maintained and briefly comprises;
Shop - Dual aspect with floor to ceiling windows and glazed door to front creating a light, airy and inviting interior, nicely proportioned and with a pleasing upmarket feel, tiled floor, suspended ceiling with LED spotlighting, bespoke reception counter with till! Card machine and appointment book etc, floating glass shelves, rail for hanging clients coats, freestanding product display to front window, 6 hair stations, each with chair, mirror and electrical sockets, wall mounted hood dryer, two backwash with ceramic bowls and useful wall mounted cupboards above, hairdryer bank with three chairs and hood dryers.
Colour Room - With tiled floor, wall and base units with complimentary worktop, coffee machine, fridge and space for kettle etc.
Utility Area - With base unit, stainless steel sink and drainer, wall shelving, hot water tank, hand wash basin, washing machine and dryer.
WC - With close coupled toilet and window to rear.
A particular feature of this business is the 2 bedroom flat and 2 garages that is included within the lease. The flat is nicely presented and is currently achieving a rental income of £12,600.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the 10 years remaining on the 10 year lease (Expires in July 2032). The rent is £19,500 per annum, which is incredibly reasonable given the size and location of the premises and the fact that it also includes a 2 bedroom flat.
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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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