Hair & Beauty Salon With Low Rent & Rates | | Undisclosed West Midlands | | BIRMINGHAM HAIR & BEAUTY SALON LOW RENT & RATES Well established business trading since 2002 Popular suburban location High repeat and referral trade Scope for additional opening on Sundays & Mondays A/T: £38,041 L/H: £18,000 + SAV REF: 9958B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60307
ADVERT IMPRESSIONS : 21,027 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £18,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The salon has a high visibility main arterial road location on a small parade of complementary businesses, who all contribute in attracting high footfall levels to the area
• The parade is surrounded by residential properties with many customers potentially on the doorstep
HISTORY
• The business was founded in 2002 with the present vendor owning the salon for almost 5 years
REASON FOR SALE
• The salon is only now being reluctantly offered for sale as the vendor is planning to emigrate to Florida in the USA
PRODUCTS
• The salon also offers a good selection of jewellery for sale
SERVICES
• The salon offers a ladies only hair and beauty service which is very traditional in nature and includes:
• Beauty – facials, waxing, manicures, pedicures, nail extensions, nail art, eyebrow threading, lash/tints
• Hair – colours, perms, weaves, high lighting, cut and blow dry, bridal services
CUSTOMERS
• Excellent customer reputation with a high repeat and referral trade from other satisfied clients
• There is also a significant volume of walk in trade
• Most customers are within an approximate 30 mile radius of the salon
STAFF
• The vendor works full time in the salon doing hair only, she is ably assisted by one full time beauty therapist and 2 part timers who work Friday to Saturdays and on hair only
TRADING HOURS
• Monday closed
• Tues, Wed, Fri & Sat 10am – 6pm
• Thurs 10am – 7pm
• Sunday closed
FINANCIALS
• 2011 turnover £38,041
• Stock holding circa £2,000
PREMISES
A mid-terraced, ground floor lock up retail unit with electrically operated roller shutters to the front. It briefly comprises:
• Entry to salon from wide pedestrianised walkway, comfy two seater waiting area
• Reception desk
• 2 work stations, 1 back wash, nail bar, beauty room with couch
• Rear kitchen area and w/c
• Back exit
• The salon is very well decorated throughout and has a laminated floor and also benefits from an alarm system
• Parking is free of charge in front of the salon and in the side streets nearby
STRENGTHS
• A very well established business
• High repeat and referral trade
• A low overhead business, in particular rent and rates which are only £4,310 per annum for them both combined
• Popular suburban location
• Free of charge and unrestricted parking
• No immediate investment required beyond the consideration price
SCOPE
• Opportunity for additional opening on Sunday and Monday if required
• Make the salon unisex and also add childrens hair
• The salon would benefit from having its own website
• The salon could increase its profitability by increasing the low prices charged
TENURE
• Leasehold
• Original Lease: 6 years
• Lease Remaining: 4 years
• Rent Review: every 3 years
• Rent: £3,600 per annum
• Rates: £710 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9958B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
