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Truly Outstanding Salon Business

Newcastle upon Tyne, Tyne and Wear
Leasehold Price:
£24,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
247526
Reference
B05466 / Rightbiz
01204556300

Details

Business
Hilton Smythe are delighted to welcome to the market an opportunity to acquire the truly outstanding “The Salon at Kenton” a hairdressing salon on a leasehold basis.

The business has built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offer.

The business is now being offered for sale due to relocation for our client. The Salon at Kenton has been under the careful & meticulous ownership of our client since December 2016, growing the business to an impressive level with an excellent local reputation and is seen as a real hub within the community and can be found in true turnkey condition.

The business operates 5 days per week and Currently our client offers a variety of services including haircuts and styling, extensions, hair colouring and gents styling.

The business has built up an enviable reputation within the industry for the high quality of the service offered, which has resulted in a very loyal client base with a high volume of repeat trade and word of mouth recommendations.

There is scope to further increase the level of turnover as there is little local competition so with the introduction of revised opening hours to utilise evening appointments, introduction of a rent a chair space for self-employed stylists, introducing some further beauty treatments for clients along with a nail bar facility, and the undertaking of a modest marketing campaign via local press, radio, social media and the introduction of a dedicated website would all help to increase turnover.

This is an outstanding turn-key business operating on flexible hours which offers a new owner the opportunity to take this already thriving business to the next level.

This would make an ideal acquisition for an existing salon operator.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.



Location
The business is in the popular Kenton area of Newcastle (NE3) and finds itself ideally situated within a parade of similar style retail premises.

The shopping precinct at Kenton is well used by the local community due to the densely populated residential area surrounding the precinct resulting in a fantastic level of footfall & passing trade.

The business location further benefits from having free parking adjacent to the shopping precinct.

The area of Kenton is a suburb and electoral ward in the north west of Newcastle upon Tyne, England. It borders the Town Moor and Gosforth. Kenton also has close road links to Newcastle Airport.

The area population at the 2011 Census was 11,605 and further benefits from excellent local amenities and transport links as well as providing easy access into Central Gosforth and the A1 motorway.



Premises
The business occupies a substantial ground floor mid-parade premises extending to 120 m2 and has been recently fitted out to an excellent standard.

Briefly comprising:

  • Main salon Large window creating a light and airy feel Feature reception desk Customer seating area.
  • 4 x styling stations with mirrors and power points.
  • 2 x backwash stations.
  • Beauty Treatment Room.
  • Kitchen Area / Staff Room.
  • Colour Room.
  • W/C Area.
  • The business further benefits from gas heating, CCTV, Alarm, and security shutters.
The Business has excellent signage & is easily visible to passing trade.



Tenure
We are advised that tenure is offered on a leasehold basis.

Lease 10 years with 7 years remaining.

Rent £12,000 per annum.

No Rates payable.



Hours
Tuesday – Friday    0900 – 1900

Saturday 0900 – 1400



Staff
The business is currently run & managed by the owner.



Financial Profile
Accounts will be made available on request post viewing.



Seller Details
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Listing Details
Leasehold Price: £24,950
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Hairdressers, Barbers
Financials
Annual Turnover: £28,000
Location Statistics
What's nearbyi:
Sandman Signature Newcastle Hotel (approx. 0.4 mile)
Euro Hostel Newcastle (approx. 0.5 mile)
R J Rowley Roofing (approx. 0.6 mile)
Westminster Taxi Insurance (approx. 0.6 mile)
The County Hotel, Newcastle (approx. 0.6 mile)
Newcastle Apostolic Church (approx. 0.6 mile)
Jem Electricals (approx. 0.6 mile)
Minx Unisex Hairdressing (approx. 0.6 mile)
ATM (approx. 0.6 mile)
Hunters Moor Convenience Store (approx. 0.6 mile)
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