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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Unique Beauty Salon & Gift Shop in Hyde Park Shopping Area Plymouth

Plymouth, Devon
Leasehold Price:
Offers Invited
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
235912

Details

This popular salon & gift shop has been run since 2009. It has 2/3 separate beauty treatment rooms and a shop area with distinct front and rear of shop areas, kitchen, toilet & rear courtyard.

This is a 'Turnkey business' opportunity with a beauty diary holding the names of more than 200 customers. The established facebook page has 1400 followers and always produces an instant response to posts. Reviewing the facebook page will give you an excellent insight into the type of business we are offering. There is also a twitter and Instagram page. There is an extensive list of popular suppliers for the shop stock which will be made available to the new owner.

Turnover, over the last few years, has been below the VAT threshold and has only been run on a part-time basis with just one and a half beauty staff. There is potential and space for two full-time therapists and the rear of the shop area would lend itself to an open nail bar area with room for three therapists. There is also the possibility of the rear of the main shop floor to be changed back into a single therapy room (it has been this before).

Currently, there is huge potential for the new owner to immediately have access to the client contact details and the established social media platforms to begin working immediately.

The business does not currently open late evenings and only trades five days a week - this could be expanded to increase the potential.

The business does not currently have any online purchasing via its website - this could be expanded to increase the shop sales.

This sale is due to the current owner retiring from the business. However, the building is owned by the current owner and will continue to be the landlord.

The sale of the business will include all the equipment in the treatment rooms and all stock currently held for the shop and treatment rooms, all fixtures and fittings. The new owner could walk in and begin working on day one.

There is a large turnover (each year) of gift vouchers which can be used in the salon or shop. The liability for these will be handed over to the new owners (and accounted for within the negotiations) thus ensuring another positive return of clients to the business with the chance to up sell and reintroduce themselves as the new owner.

This is very much a 'Lifestyle business' with many loyal and regular customers who call in for a coffee & chat when they visit to make purchases or attend a salon appointment. It very much feels like part of the community.

The combined rent and sale price is negotiable with a serious buyer.

The salon has been open since 2009.

There is a liability of unredeemed gift vouchers which have been sold and are still valid for 12 months. This amount will be totalled at the point of sale and its value adjusted against the sale price. This is currently around £2. 5,000 and these are customers that will be walking back through your doors to spend the voucher and in the majority of cases either rebook their treatment (because they have enjoyed it so much) or added on extra funds to the value of the voucher (to enjoy more treatments) or simply make purchases in the shop (after or before) the treatment itself. Each of the two parts of the business feeds off the other - beauty clients often make purchases in the shop and shop clients are offered a price list for the salon and often take advantage of the special beauty offers we have advertised in the shop.

The rent is set at £260 a week for the salon and shop. Payable in advance of four weeks.

The shop stock will be valued at the point of sale - this runs anywhere between £1,000 - £3,000 usually.

The beauty products in stock will be included at point of sale - this runs anywhere between £600 - £1,500 usually.

All fixtures and fittings: washing machine, fridge, coffee machine, kettle and kitchen contents; beauty equipment for two rooms; shop furniture & equipment are included in the price.

The building will continue to belong to the current salon owner.

The goal is not to make a huge profit from the sale of the shop but to sell the business to someone able to continue, develop and expand the business - and then most importantly - to continue to run a business and provide the landlord with a long term rental income.

Take a look at our facebook page to gain a real feel for the business: Treat Beauty & Gifts Plymouth

Listing Details
Leasehold Price: Offers Invited
Tenure: Leasehold
Location: Plymouth, Devon
Sector: Beauty Salons, Gift Shops
Key Features
  • Unique Business
  • Retirement Sale
  • Prime Location
  • Adjacent to Multiple Retailers
  • Attractive Business
  • Established Business
  • Offers Invited
  • Fully Fitted
  • Close to Local Amenities
  • Small Business
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