Hair Salon And Nail Bar With Rental Income | | Undisclosed Essex | | ESSEX HAIR SALON AND NAIL BAR WITH RENTAL INCOME Located in busy parade of shops 8 W/S 2 B/W & nail bar A/T: £43,252 GP: 83% Additional £700pm rental from 2 bed flat Excellent potential available L/H: £60,000 +SAV REF: 1063RM | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64072
ADVERT IMPRESSIONS : 15,295 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £60,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Highly visible trading position in busy urban parade of shops; unopposed locally
• Ample unrestricted street parking close to salon
• Close to many houses, residential homes and businesses
• Within easy striking distance of London
HISTORY
• Established over 30 years ago on existing site
• Vendor commenced work at salon 8 years ago
• Acquired by vendor in 2007
• Reliable repeat customer base established over the years
REASON FOR SALE
• Vendor is seeking a change of lifestyle
PRODUCTS
• Label M
SERVICES
• Full range of modern and traditional hair styles for ladies, gents and children
• Colouring
• Extensions
• Highlighting
• Straightening
• Perming
• Weddings and occasions
• Full range of nail treatments
CUSTOMERS
• Substantial family client base
• Loyal with exceptionally high repeat rate
• 70%/30% ladies/gents split
• Children
• Most clients are in the 20 to 50 age range but with some trade from local care homes
SUPPLIERS
• Products sourced from a range of traditional industry wholesalers
STAFF
• Vendor (full time stylist)
• 1 part time junior stylist
• 1 part time stylist
• 1 self employed nail technician
TRADING HOURS
• Tuesday, Wednesday Friday & Saturday 9am to 5pm
• Thursday 11am to 8pm
• Sunday by appointment only
• Monday closed
FINANCIALS
• Turnover £43,252 pa
• Gross profit 83%
• Stock holding approximately £2,500
• Nail bar rented out on 20% commission basis
OVERHEADS
Staff £24,328 pa *
Heat and Light £2,344 pa
* Includes additional stylist
PREMISES
• A traditional lock up shop with separate access to flat above located in a parade of shops in a mixed residential/commercial area
• Double window display area
• Reception counter
• Nail bar
• 8 cutting stations
• 2 back wash stations in separate room
• Kitchen
• Patio garden
• W/C
• 2 bed room flat above shop (currently let)
STRENGTHS
• Well established salon trading for many years
• Loyal client base with high repeat rate
• Extremely low overheads
• Favourable position and unopposed locally
• Opportunity to live above the shop if required
SCOPE
• Superb opportunity to exploit under utilised cutting stations through employment of additional staff or chair rental
• Opportunities to review pricing structure upwards
• Marketing to established client base
• Introduction loyalty scheme
• Introduction of beauty treatments
• Extension of rear kitchen area and possible addition of first floor to create additional space
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).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1063RM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
