Wigs Hair Extentions And Beauty Products | | Undisclosed Gloucestershire | | GLOUCESTERSHIRE WIGS, HAIR EXTENSIONS AND BEAUTY PRODUCTS Well est business trading for over 4.5 yrs Very niche business with little competition in the county Huge scope for internet sales A/T: £120,000 L/H: £60,000 + SAV REF: 1250GL | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71299
ADVERT IMPRESSIONS : 12,147 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £60000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business has an excellent location on the edge of the main shopping centre in the heart of a major town in Gloucestershire
• Nearby is Marks and Spencer, Debenhams, a Post Office, Edinburgh Wool and many other well known major retail outlets
HISTORY
• The business was founded by the present vendor over 4½ years ago during which time she has built up an enviable local reputation
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the vendor wishes to move overseas to the Congo
PRODUCTS
• The business has an extensive stock of hair extensions with approximately 3,000 in stock
• In addition, they have circa 1,000 wigs
• They also stock hair and beauty products, hair colours, fashion contact lenses and gothic and fashion jewellery
SERVICES
• The vendor fits hair extensions for clients at the rate of one or two per day
CUSTOMERS
• The customers are split approximately 80% local retail clients and circa 20% national
STAFF
• The vendor works full time in the business with the assistance of her husband for approximately 2½ days per week
TRADING HOURS
• Weekdays 9.30am to 5.30pm
• Closed Sunday
FINANCIALS
• Yearly sales (net) £120,000
• Gross profit margin 50%
• Net profit £22,000
• Stock holding £90,000
• The vendor is prepared to work with a new owner to ensure a smooth transition and will assist if required to fit the hair extensions
PREMISES
• Three storey mid terraced property in a popular part of town with good footfall levels, it briefly comprises:
• Centre entry door into the shop with side glass display cabinets running along the length of the shop
• Jewellery glass display cabinet
• Contact lens glass display cabinet
• Whole wall shelving with hair and beauty products
• Other side wall full of hair extensions
• The rear wall has wig displays
• Rear counter and till
• Stairs to first floor with 2 store rooms, corridor shelving, side w/c and sink
• Second floor has a further 2 store rooms
• The business benefits from its own alarm system, an electrically operated roller shutter to the front door and also with a 4 camera
• CCTV system
STRENGTHS
• A well established business which has been trading successfully for over 4½ years
• A very niche business which has very little competition in the county
• Huge stock availability to ensure almost all items are available immediately
SCOPE
• This is already a very successful business, it does however, still offer excellent potential to increase both sales and profits in the future by:
1. Selling on the internet
2. Advertising, as the business does none at the moment
3. Approaching all the major hospitals to offer the wig fitting potential
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1250GL / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
