Hairdresser On Busy Main Road | | Portsmouth Hampshire | | Phoenix Business Agents are delighted to place onto the market busy hairdresser which has been established since 1970. The business has been in the hands of the current owner since 1970 and now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62059
ADVERT IMPRESSIONS : 12,204 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | ASKING PRICE: | £48995 | LEASEHOLD: | £48995 | ANNUAL RENT: | £8500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in very busy area of Portsmouth.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping centre.
- Excellent parking facilities.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with Portsmouth City Center.
- Railway stations lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £23,500 with a gross profit of £20,600. (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Hairdressing and tanning.
History
Phoenix Business Transfer Agents are delighted to place onto the market busy hairdresser which has been established since 1970. The business has been in the hands of the current owner since 1970 and now wishes to sell due to retirement.
Services
This very good business opportunity provides unisex hairdressing and tanning.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business nearby.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and Sunday.
• Increasing the product line to include nails and other beauty treatments.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The main customer service is very well presented and is very conveniently laid out.
To the rear there is a store room and a tanning room. There is a toilet and staff facilities with a kitchen.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £9000.
FINANCIAL DETAILS
The present annual turnover is £23,400 with a gross profit of 88%. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £70,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Tuesday to Saturday 9 to 5 (Owners do close early if no appointments)
Monday closed
Sunday closed
TENURE
The original length of the lease is new 10 years with 10 years remaining. The rent is £8,500 pa with a review in 3 years. The lease may be negotiable for longer term if required. The rates are £700.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £48,995
Ref: 2108
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2108 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
