For Sale
Well Established Unisex Hair Salon For Sale
Walsall, West Midlands
- Asking Price: £249,999 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £84,000. Further financials can be made available upon request.
- Tenure: Freehold
***Flat is tenanted***
Please quote reference B07748
CoGoGo are delighted to welcome to the market Classic Cuts, a highly rated unisex hair salon in Brownhills.
Classic Cuts was founded by our client in 1990, building up an excellent reputation and very loyal customer base. As seen by the online ratings and reviews on Google, the hair salon is extremely popular.
Our client then moved the business to the current location in 2016.
Classic Cuts is a small family business with a very friendly relaxed atmosphere. This unisex salon caters for all, including toddlers. The business prides itself on being very fashion forward and specialises in cutting, colouring and styling including prom hair styles.
All fixtures, fittings and equipment used to run the business will be included in the sale.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position with loads of footfall along with passing trade
- Current owner happy to offer a handover to ensure the continued success
- Immediate rental income from the tenant in the flat above
- Ideal owner managed or partnership business
- A real opportunity to increase turnover and profits significantly, current owner is running at a pace to suit due to poor health.
- Advertising and Marketing campaign
- Maximise the use of social media
- Website ideally with gallery and online booking system
- Introduce beauty services, perhaps nails, lashes & brows
- Extend the opening hours
We are advised that the business is run and managed by our client, with the help of his wife and a receptionist.
The current trading hours are -
Monday & Tuesday - Closed
Wednesday to Saturday - 7:30am - 4:30pm
Sunday - Closed
Classic Cuts is located on High Street in Brownhills, West Midlands.
The unit is well presented and maintained with clear visible signage, receiving good levels of footfall and passing trade.
There is free parking to the rear of the premises.
The business occupies the ground floor unit, with the residential flat on the first and second floor.
Ground floor -
- Salon area with a customer waiting area to the front, a reception desk and 5 hair stations and 2 backwash stations.
- Kitchen and staff room area
- WC
- Well presented flat with a lounge area, kitchen area and bathroom area.
- The flat has a separate entrance and two outside areas on different levels.
- The second floor offers the potential for another flat subject, of course to the usual planning permissions.
Tenure
We are advised that this opportunity is being sold on a Freehold basis.
Please note that the flat is tenanted and current generates a rental income of £450 per month.
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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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