Dc2133 Attractive City Centre Hair Salon In Exeter | | Exeter Devon | | •DENSELY POPULATED AREA NEAR UNIVERSITY CAMPUS • BUSINESS AVAILABLE FOR THE FIRST TIME IN 25 YEARS •SUPERBLY PRESENTED FIRST FLOOR SALON • PROMINENT CORNER POSITION WITH TWIN ASPECT •GOOD PROFITS AIDED BY EXCEPTIONALLY LOW OVERHEADS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65764
ADVERT IMPRESSIONS : 12,495 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £29950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
The salon is in St David’s Hill in the very heart of Exeter
BUSINESS:
This very attractively presented unisex hair salon has been in the same ownership for 25 years. The first floor premises, which have a twin aspect and have been fitted out to a high standard, are located above a busy launderette in a prominent corner position in a densely populated area between the city centre shops and the main university campus.
The salon, which is L shaped and has a spacious feel, offers 5 styling positions and 2 back wash stations. The business serves a mixed clientele across the full age range.
Rent and overall running costs are very low and the current owner and her partner have generated a good income from the business over many years with limited advertising and without building a website. Given the excellent location we feel there is significant growth potential and the ability to extend opening hours. An early viewing is strongly recommended.
YEARS ESTABLISHED:
The vendor, who has owned the business for 25 years, advises that there has been a salon on the site for more than 35 years.
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Gross income of £37,670 was reported for the year ended 31 August 2010. This includes £5,613 from chair rental.
NET PROFIT:
The business is run by the vendor and her partner, who are both now intending to retire. When her partner’s wage is added back an abridged net profit of £25,505 is calculated for the year ended 31 August 2010.
REASON FOR SALE:
Retirement
STAFF:
The business is run by the vendor and her partner, together with one full time and one part time self-employed stylist, the latter working 2 days per week. It is pertinent to add that the absence of employees means that there is no responsibility or cost for holiday or sickness pay or maternity/paternity leave etc.
OPENING HOURS:
Monday to Friday: 9.00am to 5.30pm
Saturday: 9.00am to 3.30pm
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The salon occupies the first floor of a period property of traditional brick construction under a flat roof. The ground floor is occupied by a busy launderette owned by the landlord. The property stands in a prominent corner position and as such benefits from a twin aspect. At first floor level original wooden sash windows are a particular feature and the image of the salon has been enhanced by the bright sun canopies fitted above each window with a further matching canopy over the entrance door at ground floor level in the Richmond Road elevation.
The half glazed wooden entrance door with further glazed panel over opens into a carpeted staircase rising to first floor level with attractive paneled ceiling, wooden hand rail, fitted wall mirrors and quarter turn at the top where there is a wooden window to the rear elevation.
At the top of the stairs twin wooden louvre doors give access to a small lobby with space for cloaks and a fully glazed wooden door with fitted blind to the right opening into:
WC:
• Wooden window to side elevation
• Slate tile effect floor covering
• WC with high level cistern over
• Fitted wall mirror with wooden shelf over
The lobby opens into:
Salon (L shaped - 5.4m max x 5.3m max plus alcove):
• Twin aspect with 2 x wooden sash windows to both front and side elevations
• New slate tile effect floor covering throughout
• Attractive paneled ceiling with fitted overhead track spotlighting
• Further wall lights
• 3 large wall mirrors contributing to the overall spacious feel of the working area
• Small wooden reception desk to side
• 5 styling positions each with circular mirror, semi circular wooden shelf, tiled below with power to the side and matching leather effect styling chairs
• 4 matching, silver coloured, wooden pedestal units with drawers
• 2 adjustable backwash basins with leather effect chairs, these being served by individual wall mounted Triton electric water heaters
• 3 mobile pedestal units
• Wash hand basin in vanity unit with further Triton electric water heater over
• Mobile hair dryer
• Infrazon colour setter
• 3 stainless steel waste bins
• Wall mounted magazine rack
• Further wall mounted storage racks for colours and towels
• Mobile Calor gas heater
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None
OUTSIDE:
Some free parking with 2 hour restriction is available in the vicinity on a first come first served basis
LEASE TERMS:
The premises are held under an original 7 year lease with internal repairing responsibility which has simply rolled on without formality throughout the period of the vendor’s ownership. Rent of £780 per quarter is currently payable, having been reviewed periodically during the term. It is envisaged that a new 7 year lease will be offered on similar terms to the new owner. | | | | | | FOR SALE | | | | | REFERENCE: | dc2133 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
