Leasehold Gents Hair Salon Crawley Sussex | | Undisclosed East Sussex | | Phoenix Business Agents are delighted to place onto the market Gents Hair Salon which has been established since 1993. The business has been in the hands of the current owner since 1993 and he now wishes to sell due to personal circumstances. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68641
ADVERT IMPRESSIONS : 12,420 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | ASKING PRICE: | £85000 | LEASEHOLD: | £85000 | ANNUAL RENT: | £12000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Crawley area of South East Sussex.
- Prominent location on main arterial road.
- Part of a small parade of shops.
- Excellent parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of tourists, business/local persons.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with M23, A23 and good railway links.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £40,000 pa with a net profit of £2,000. (See financial summary below)
- A business with great potential which has not been exploited due to cash flow.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market Gents Hair Salon which has been established since 1993. The business has been in the hands of the current owner since 1993 and he now wishes to sell due to personal circumstances.
Services
This very good business opportunity provides hair salon and hair products.
Staffing
The concern employs 1 full time staff and the wages are £20,000.
Owners Role
The owner is involved in the day to day running of the business.
Competition
As far as competition is concerned there are 3 ladies hair salons nearby but not any mens salons.
Market
The client base consists of local and business persons and tourists
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 product line to include mens health products.
With the introduction of a website and e-commerce.
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 and is approximately 30ft x 20 ft. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is tiled with small stairs leading into hair salon. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a kitchenette.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present turnover is £40,000 per annum with a gross profit of £25,000 and a net profit of £2,000. The wages are £20,000. The present value of the stock is £200,000.
The potential turnover of the business within the next 2 years is forecast to reach £90.000 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
Monday to Friday: 9.00am 5.00pm
Saturday: 9.00am 5.30pm
Sunday: 10.30am 4.00pm
Tenure
The original length of the lease was 12 years with 7 years remaining. The rent is £12,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £3,400.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £85,000
Ref: 2346
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: | 2346 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
