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Long Established Hair Beauty and Tanning Salon

Leicester, Leicestershire
Leasehold Price:
£42,500
Status
FOR SALE
Advert ID
252113
Reference
B05648 / Rightbiz
Business
Hilton Smythe welcomes to the market Snippers Hair & Tanning in Leicester. 

This long-established business of over 30 years has built up an enviable reputation for style and quality and which now due to family commitments this rare and exciting opportunity has now become available.

The business provides hair and beauty treatments across two floors along with tanning and the infamous body shaker machines. The business has huge growth potential and would suit either an established operator looking for an additional site or an individual or partnership looking for their first business venture with the benefit of acquiring an established business with a long trading history.

The premise is large enough for the new operator to introduce additional products and treatments along with renting out chairs to self-employed stylists to generate additional income.

The salon has been maintained to a very high standard and is being offered to the market with all the equipment required for the business to function in its current format,

The business is in a very sought-after location and we are expecting a lot of interest.  This is an ideal business opportunity within this sector being offered to the market with very affordable in-going and running costs.



Location
Situated along Southfields Drive in Leicester.  Snippers Hair & Tanning is easily accessible on foot and by all modes of transport, Southfields Drive is located along a main arterial link to the M1 Motorway and just a short drive from Oadby and Wigston,

The property has the benefit of free parking to the front and a regular bus service passing by.



Premises
Semi-detached property spread over two floors.

Front entrance through to main trading space with reception counter. 6 x cutting stations 2 x sink/wash stations chairs, mirrors, soft furnishings, separate kitchen and storage area.

First floor beauty treatment room plus 2 x sunbed rooms with Essence 440 tanning machines, landing with 2 x shaker machines and WC.

Parking and garden area to the side and rear of the property.



Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £8,500 per annum with 10 months remaining on the current 5 Year lease.



Hours
The opening hours are currently 9.00am to 5.30pm Tuesday to Thursday 9.00am to 6.30pm Friday and 9.00am to 4.30pm Saturday.



Staff
The business is run and managed by the current vendor with 2 x full time stylists.



Financial Profile
We are advised the business is turning over in the region of £46,339 per annum producing very attractive returns.

Additional income of £4,160 per annum is received in rent from the beauty treatment operator.

There are no business rates or service charges payable.



Listing Details
Leasehold Price: £42,500
Tenure: Leasehold
Location: Leicester, Leicestershire
Sector: Hairdressers, Tanning Salons
Financials
Annual Turnover: £46,339
Contact Agent
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Advert Reference: B05648 / Rightbiz
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