Hair & Beauty Supplies With Hair Salon | | Oxford Oxfordshire | | Hair & Beauty Supplies with Hair Salon Ref.CQ147 Location Oxford Asking Price £165,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48418
ADVERT IMPRESSIONS : 13,268 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £165000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business is well established in the oxford area for supplying hair and beauty products with a particular focus on hair extensions, weaves and accessories for their large database of regular customers. Supplying to both the trade and private individuals, the business has a stable footing from which to grow further. After training as a professional hairdresser and studying for an MBA, the vendor of the business decided to offer something new to the market in Oxford and tap into the desire for hair products across the city. Since then she has built a salon which is full booked on a daily basis, and a busy retail operation.
There is minimal direct competition in the region able to offer all products and services under one roof, which results in the business being the number one choice for many loyal customers and other professionals. The retail operation offers a huge range of branded and cost effective products covering care colouring, tints and perming solutions, extensions, scissors, brushes, electrical styling, clippers and trimmers, salon wear and dryers / processors. This range appeals to those clients visiting the on-site salon who are looking to continue treatment at home with friends and family, local smaller independent hairdressers who are serving the local community and other traders. There is a range of beauty products offered in store to compliment the hair salon supplies, which can be easily expanded.
On the first floor is a separate hair salon with 2 washbasins, and cutting stations for 4. The Salon has all the equipment one would expect of a busy operation looking to serve numerous customers at once in comfortable and friendly surroundings.
Customer Service:
The vendor has built the business on recommendation and referral. This can only be achieved in the hair and beauty sector by adhering to the highest levels of customer satisfaction. This is attention to customer service is felt as soon as you walk through the door. The retail operation is staffed by friendly and knowledgeable staff, who can meet most requirements immediately with the vast range of stock available on site.
The vendor currently overseas the Salon operation, and has instilled a great level of customer care in her staff.
Key Strengths:
The lack of direct competition is obviously a great strength, as is the focus on a particular client base which results in the business being the only one to call on in the local marketplace. The duel revenue streams offered by having both a retail operation and hair salon on one site results in a steady level of income from which to build on.
Growth and Expansion Opportunities:
The business offers a huge range of products, but currently only to passing trade and customers prepared to travel to the shop. With investment in an on-line presence and e-commerce solution, the business can build on their name and reputation, and offer products fro delivery with zero impact on direct overheads. There has been low levels of advertising and marketing over the years, with an added marketing push for both the Salon and retail shop, higher levels of customers can be expected and accommodated.
Premises:
The vendor owns the Freehold of the premises, and is looking to sign a new lease at market rates. Previously the rent was approximately £18,000 per annum, with business rates payable of around £2,300 per annum.
The ground floor shop unit occupies approximately 500 sq ft, with a small hair salon upstairs, management office and customer toilet facilities.
Business Hours:
Monday – Saturday: 10:00 am – 7:00 pm
Security:
The premises has a roller shutter to the front and CCTV within the premises.
Advertising and Marketing:
The business has conducted minimal advertising over the years, growing organically from passing trade, recommendation and referral. There has been leafleting campaigns, and there are listings in the local telephone directories and on-line directories. The business would benefit from investment in an online presence and corporate website.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
For the last full years trading Turnover was circa £130,000, with a Gross Profit circa £60,000 and a Net Profit circa £16,000. Stock is currently valued at around £55,000, with Fixed Assets conservatively valued at around £15,000.
Employees:
Currently the business employs the vendor as the General Manager of the site and Head Stylist. In support is a full-time Stylist, a full-time Retail Manager and a part-time Shop Assistant.
Support and Training:
The vendor is open to agreeing a handover period for the successful transition of the business to new ownership.
Reason for Sale:
The vendor is looking to move out of the industry after many successful years and hand the business over in a good trading position to new owners. | | | | | | FOR SALE | | | | | REFERENCE: | CQ147 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
