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Long Established Hair Salon Stockport

Stockport, Manchester
Leasehold Price:
£44,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
241326
Reference
6761 / Rightbiz

Details

    Prime Town Centre Location

    Accounts Available To Year End 31st July 2018

    Annual Turnover £48,693

    Accounts Available After Viewing

    Low Rent of £127 Per Week

    Open Just 4 Days A Week

    Currently Operating On Short Hours

    Close To Large Multiples

    Retirement Sale

    New Lease To Be Negotiated

    Free Parking

    EPC - C

Description:
REF 6761 – Leasehold Hair Salon
Blacks Business Brokers are pleased to bring to the market this long established leasehold hair salon located on a busy main road in the town centre of Stockport.

INTRODUCTION
Ferns & Co has been trading on Castle Street for over thirty years. Our client established the business on the opposite side of this road in 1989 and due to expansion moved to the current premises in 2003. The business is well known and has a fantastic reputation in the area with a large base of regular customers and excellent reviews noted on Google. Much trade is generated by long standing customers that have been attending this salon for many years for a wash and set – this service is very much in demand as there are no other salons in the area offering this.

LOCATION
The business is positioned on a busy main road close to large multiples including Home Bargains and The Co-op as well as a range of independent retailers within this popular shopping parade. The area is well linked by the M60 with good public transport links and parking is available immediately outside and in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The lease will be fully negotiated upon sale of the business, it will run at a cost of £127 per week.

BUILDING LAYOUT AND DESIGN
Ferns & Co operates from the ground floor of a spacious, mid terraced property within a popular parade of shops. The business is well branded with large signage displayed above a fully glazed frontage. Inside, the main salon area is presented beautifully with neutral décor and four mirrored styling stations. There is a welcoming reception and waiting area and two back washes with three hood dryers. To the rear of the salon is a staff kitchen and toilet facilities. All areas are furnished with good quality equipment throughout.

STAFF
The business is currently operating with two members of staff in employment supporting our client working on a part time basis.

FINANCIAL DETAILS
Ferns & Co has traded solidly since opening and our client has secured a strong customer base. Accounts for year ending 31st July 2018 show annual turnover of £48,693. Full financial details are available upon viewing. it is to be noted that the business is being run at a pace to suit the current owners requirements which leaves huge scope to extend the opening hours and days.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with the introduction of an online and social media presence along with the possibility of stocking a range of products. New opening hours and days would also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
Back Washers x 2
Mirrors
Reception
Princess Hood Dryer x 3
Stations x 3
Leather Bench


Opening Hours:
MON & TUE: CLOSEDWED & THU: 09:00 - 14:30FRI: 09:00 - 15:00SAT: 08:30 - 13:00SUN: CLOSED


Weekly Rent:
£127 Per Week. Weekly Rent:
£127 Per Week.
Seller Details
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Listing Details
Leasehold Price: £44,995
Tenure: Leasehold
Sector: Engraving Businesses, Hairdressers
Financials
Annual Turnover: £48,693
Location Statistics
What's nearbyi:
Bredbury Physiotherapy (approx. 0 mile)
Radiance International Hair & Beauty Academy (approx. 0 mile)
Stockport Psychology Services (approx. 0 mile)
Buckley Commercial (approx. 0 mile)
Charter House (approx. 0 mile)
Practical Car & Van Rental (approx. 0 mile)
www.marlowbridge.com (approx. 0 mile)
Mr Niz Financial UK Ltd (approx. 0 mile)
The Customs People (approx. 0 mile)
Shred Shed Cafe Ltd (approx. 0.2 mile)
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The data showed regarding this advert 'Long Established Hair Salon Stockport - 6761 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.