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Long Established Hair Salon Stockport

Stockport, Manchester
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Long Established Hair Salon - StockportLong Established Hair Salon - StockportLong Established Hair Salon - StockportLong Established Hair Salon - StockportLong Established Hair Salon - Stockport
  • Leasehold: £29,995
  • Turnover: £37,705 £725 Per week
  • Net Profit: Not Applicable

Business Details

    Prime Town Centre Location

    Accounts Available To Year End 31st July 2020

    Annual Turnover £37,705

    Gross Profit £35,326

    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 2020 show annual turnover of £37,705 and a gross profit £35,326. 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: CLOSED WED & THU: 09:00 - 14:30 FRI: 09:00 - 15:00 SAT: 08:30 - 13:00 SUN: CLOSED


Weekly Rent:
£127 Per Week. Weekly Rent:
£127 Per Week.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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