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Highly Renowned Hair & Beauty Business

Undisclosed, Kent

CONFIDENTIAL SALE

  • Leasehold: £59,950
  • Turnover: £85,000 £1,635 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B05493

Hilton Smythe are delighted to present to the market a large salon opportunity occupying 2 x floors decorated to a high standard. The business comes with many years of trading history, it is now been sold to allow our client to start a family.

The renowned business offers both hair and beauty services and was previously a well-known City & Guilds Training Academy. Services include -

  • Ladies and Men’s haircutting, restyling and colouring.
  • Perming/Chemical straightening.
  • Hair conditioning and Hair extensions.
  • Waxing, Pedicures, Nails.
  • Hopi Ear therapy, Facials, Massage.
  • Wedding packages.
Our client advises 70% of the turnover is derived from Hair services and 30% from Beauty. 2 of the 4 staff working in the salon can do both and hair treatments.

All staff apart from our clients are employed on a 50/50 rent a chair basis.

The salon has the potential to employ 8 stylists.

The size of the salon allows any new owner to easily double the current turnover levels, we recommend any of the following areas -

  • Increasing current staffing levels.
  • Remodelling the ground floor area.
  • Updating the current website, social media presence and advertising.
  • Add a new online booking system including an easy to use ‘App’.
  • Increasing the limited choice of Beauty services, including the increasingly popular non-surgical procedures, fat reduction treatments and spray tans.
  • Add permanent make-up and tattooing.
  • Remodelling the lower ground floor to increase the number of Beauty rooms - adding more rooms could easily be rented out individually to increase turnover.
  • Extend current opening hours.
  • Re-introduce a growing school facility.
Rarely do salons of this size, reputation and location come onto the open market. To create a salon space of this standard would easily cost up to £50,000. We strongly recommend early viewing to avoid disappointment.



Location
The salon occupies a highly visible corner trading position, the business sits centrally in a dense residential area.

The salon is based in a thriving town in the county of Kent where the business benefits from free parking on nearby streets.



Premises
Front external -

  • included in the lease is a large pavement space, ideal for customer parking or a designated customer area.
Ground floor -

  • Large customer waiting area with a black leather sofa and retail display shelving.
  • Curved Reception desk.
  • 7-8 Hair Styling Stations.
  • 1 Nail bar station.
  • 3 x single backwash units.
  • Staff room.
  • Staff kitchen and colour store.
  • Toilet.
Lower Ground Floor -

  • Sunbed Room - larger than average room which includes a rented stand up solarium (recently re-tubed).
  • Treatment Room 1 - treatment bed, storage trolley, storage shelving and access to large store cupboard.
  • Treatment room 2 - currently used as storage.
  • Office - currently used as an office but could be used as a further treatment room.
The premises are circa 117sqm.



Tenure
We are advised the business is being sold as a Leasehold with 2.5 years remaining on a 7-year renewable lease paying just £13,200 per year. The business benefits from full small business relief paying 0 rates in the current year.



Hours
SUNDAY / MONDAY - Closed

TUESDAY - 9am to 3pm

WEDNESDAY - 10am to 8pm

THURSDAY - 9am to 8pm

FRIDAY - 9am to 6pm

SATURDAY - 9am to 4pm



Staff
The business run and managed by our client with the help of 4 self-employed hair stylists/beauticians.



Financial Profile
The business is scheduled to achieve a 2019 Turnover of around £80,000 which is very similar to the Turnover achieved in 2016, with a gross profit of circa £21,000 adjusted net profit should be around £35,000- £40,000.

Please quote reference B05493



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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. Reset 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.

Stay Safe

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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