For Sale
Well Presented Hair Salon For Sale
Rickmansworth, Hertfordshire
- Asking Price: £45,000 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £85,000 as of 2019, further financial information can be made available upon request.
Please quote reference B06744
- Tenure: Leasehold
Please quote reference B06744
Hilton Smythe is delighted to present to the market The Hair Studio, a highly regarded unisex hair salon with over 40 years trading history.
The well-established business was purchased by our client in 2005 who has completely transformed the large salon space to the standard you can see in the business photographs attached.
The ‘turn-key’ salon opportunity is now being offered for sale due to ill health.
The business comes with a very loyal customer base from both local regulars who book in consistently and from the many new residents/commuters who have now moved into the area.
As with many locally positioned businesses, the new ability to both work from home and in the office is attracting a new wave of new customers.
The Hair Studio offers a full range of ladies and men’s hairstyling, colouring, blow dry’s and hair ups for special occasions.
There is a beauty room located to the rear of the salon which is currently rented out to a professional therapist offering aesthetics.
Our client admits she now runs the business to suit and there is significant scope for further growth.
We recommend any new owner look into any of the following areas -
- New business website with online booking facility
- Increased social media presence/advertising
- Local promotions
- Increasing the number of stylists & therapists
- Adding a new training academy
- Adding space for barbering
- Increasing the current opening hours
Key selling points -
- Desirable location
- Large salon with 9 hair styling stations
- Huge potential for growth
- Full business handover offered
- Recently refurbished
- Phone + router
- Reception desk and chair
- Client waiting chair in reception
- Small coffee table
- Coat rail
- Product stand large -on stand
- Till
- Wall clock
- A boards
- 9 section units
- 9 salon chairs
- Music player 2 speakers
- 2 x hood dryers
- 2 x styling trolleys
- 1 x storage trolleys with perm rods
- 1 x storage trolley
- 3 x trolleys at basins for towels etc
- 3 x basins with chairs
- Salon master hot water system and screen
- Washing machine
- Tumble dryer
- Settee in staff room
- Coat hanger rail in staff room
- Kitchen sink and units
- 3 x shelving racks in kitchen
- 3 chest drawers
- Hoover
- Broom
- Mop
- Dustpan and brush
- 2 cooler fans
- Tea/coffee pots
- Cups/saucers
- Mugs
- Cutlery
- Plates
- First aid box with accident report book
- Foot/mani room
- Chair
- Foot stool/rest
- Small table
- Nail table on wheels
- Nets
- Pictures
- Beauty room empty
- 2 x magazine holders on wheels
- Bathroom
- 2x wicker storage
- Bins
- Colour gowns
- Client gowns
- Cutting gowns
The business is run and managed by 1 full time and 2 part time staff members.
The business trading hours are as followed:
Monday - Closed
Tuesday - 09:30am - 15:30pm
Wednesday - 09:00am - 17:00pm
Thursday - 09:00am - 20:00pm
Friday - 09:00am - 17:00pm
Saturday - 09:00am - 17:00pm
Sunday - Closed
The Hair Studio occupies a highly sought after trading position on Lower Road in Chorleywood, Hertfordshire.
The salon sits centrally along the area's main shopping High Street which offers both on street parking as well as free off street parking in a nearby car park.
The salon enjoys a high passing footfall as the mainline train station is just a few seconds away.
Chorleywood is an affluent village located just off the M25 motorway, it is the far south west part of the Hertfordshire county which borders Buckinghamshire.
Chorleywood is approx 20 miles northwest of central London and as a result is a very desirable location for commuters.
Ground floor - reception area, main salon with 9 x hair stations.
Backwash area - foot relaxation room, staff kitchen, toilet facilities, 1 x treatment room.
Tenure
We are advised the business is being sold on a Leasehold basis. The orginal lease was for 15 years and 8 years remaining. The rent is £1,292 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.
