Popular Hair Salon In Warwick | | Warwick Warwickshire | | Hair Salon Warwick, Warwickshire T/O: £57,409 GP: 93% Scope to increase turnover Loyal customer base Town centre location Established business | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61937
ADVERT IMPRESSIONS : 7,843 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £45,000 | ANNUAL RENT: | £7500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Hairs and Graces occupies the first floor of mid-parade premises ideally located in the town centre of Warwick, Warwickshire. The premises benefit from ample parking and from being surrounded by a variety of complementary shops and businesses. The railway station is less than a mile away and the bus station is within easy walking distance. The business has easy access to the A-road network and the M40 is approximately 2 miles to the west. Coventry is 11 miles to the south and Leamington Spa is approximately 2.5 miles east.
Business History
Preferred Commercial is delighted to offer for sale this popular hair salon, which was established by our client in 1989. The premises are well equipped to suit the trade with two salon areas incorporating five cutting stations and a waiting area. The salon is currently run at a pace to suit our client and generates a turnover in the region of £57,409 per annum with a gross profit of 93%. The premises also have an additional room, which is currently sub-let and which achieves an income of approximately £3,500 pa. Our client has developed a loyal customer base and has also established a local advertising campaign, which ensures a high footfall and much repeat trade. We feel the turnover could be further enhanced by introducing beauty treatments and by extending the opening hours. This is an ideal opportunity to acquire an already popular hair salon, which has further potential. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £57,409 approx.
GP: 93%
Opening Hours
Mon: 8am to 2pm
Tues: 8am to 4pm
Weds: 8am to 2:30pm
Thurs & Fri: 8am to 4:30pm
Sat: 8am to 2:30pm
Sun: Closed
Accommodation Details
First floor lock up hair salon premises with municipal car park to rear. Briefly comprising:
First Floor
• Spacious salon area with non-slip flooring, ceiling spotlights, 2 x cutting stations, 2 x wall-mounted dryers, product display unit, feature brick fireplace and reception desk with electronic cash register
• Archway to second salon area
• Salon area with 3 x cutting stations, 3 x wall mounted dryers, 2 x wash stations and 3 x product trolleys
• Kitchen
• WC with wash basin
• Additional room, currently sub-let
External
• Stairway to salon
Tenure
Leasehold
Original length: 6 years
Remaining: 4 years
Review every: 3 years
Rent: £7,500 per annum
New 10 year lease available by negotiation | | | | | | FOR SALE | | | | | REFERENCE: | 2237 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
