Unisex Hair Salon With Fish Spa And Rental Income | | Undisclosed Essex | | ESSEX -INSIDE M25 RING UNISEX HAIR SALON WITH FISH SPA AND RENTAL INCOME High visible corner position, est 40 yrs W/T: £1,000 + £280pw room rentals to Osteopath & beauty therapist 4/W/S 2B/W recent introduction of fish spa proving popular Excellent scope | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65926
ADVERT IMPRESSIONS : 20,736 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £19,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Highly visible and prominent corner trading position with wide pavement area to front
• Affluent and densely populated Essex suburb
• Easy access to car parks within the town
• Large range of complementary businesses close by with high level of footfall
HISTORY
• Established as a salon over 40 years ago on site
• Acquired by vendor 11 years ago with profitable and consistent trading pattern
• Salon equipped to very high standard with ongoing maintenance programme
• Sizeable and loyal client base nurtured over last decade always with high walk in rate
• Rooms within the salon rented to osteopath and beauty therapist generating additional revenue
• Fully equipped fish spa introduced in 2010
REASON FOR SALE
• Retirement
PRODUCTS
• Wide range of hair care products used including:
o Paul Mitchell
o Goldwell
o Fudge
SERVICES
• Full range of contemporary and traditional hair styling for ladies, gentlemen and children
• Perming
• Colouring
• Highlighting
• Fish spa pedicures
• Beauty therapist and osteopath accommodated within the salon with high cross referral rate
CUSTOMERS
• Mainly drawn from townsfolk
• Mixed age demographic
• 80%/20% ladies/gents split
• High walk in rate
STAFF
• Family business
• 3 stylists (part time all working 2 or 3 days per week)
• 1 full time junior
TRADING HOURS
• Tuesday, Wednesday and Friday 9.30am to 5.30pm
• Thursday 9.30am to Late
• Saturday 9.30am to 4.30pm
• Sunday and Monday closed
FINANCIALS
Turnover
2010 £56,786
2009 £61,614
2008 £61,300
• Gross profit margin is in excess of 90%
• Stock holding approximately £2,000
• Two rooms currently rented at £140 per week each
OVERHEADS
Staff £27,485 pa
Heat and light £2,819 pa
PREMISES
• A traditional hair salon with 40 years trading heritage
• Salon has large wide pavement used for signage to front and is large with two floors and equipped to modern industry standards
• Double window display
• Reception area
• Seating area
• Separate fish spa area
• Front salon area with 4 cutting stations
• Rear salon area with 2 backwashes
• Stock room
• Osteopathy treatment room
• Exterior WC
• Garage
• Kitchen
• Office on first floor
• First floor beauty therapy room
• 4 camera CCTV
STRENGTHS
• Excellent reputation developed over many years
• Very prominent corner position
• Very busy urban location with high level of footfall
• Affluent and discerning client base
• Additional income from both room rentals and from the fish spa
• No immediate investment required beyond the consideration price
• Spacious accommodation with favourable rent and rates figure
SCOPE
• Capacity for additional opening hours utilising excess capacity
• Business Development activity extremely limited at present
• Introduction of website with computerised booking system
• Expansion of fish spa treatments
TENURE
• Leasehold
• Original Lease 12 years
• Lease Remaining 8 years
• Rent £17,500 per annum
• Rates £5,210 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: | 1118RM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
