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Hairdressing Business In An Excellent Trading Position

Undisclosed, East Sussex
Leasehold Price:
£49,995
Status
FOR SALE
Advert ID
252264
Reference
B05672 / Rightbiz
Business
Hilton Smythe are excited to offer to the market this modern hair salon business split over 2 levels which includes a newly fitted beauty room.

The business was established by our client 6 years ago who invested over £40,000 to transform the tired unit, due to personal circumstance he is now looking to sell.

The business is one of the leading hairdressers in the area, catering for the higher end of the clientele market offering a full range of hair services, styling, treatments and colouring for both female and male customers. The salon is proud to carry the full range of Wells permanent and semi-permanent colours, as well as offer a comprehensive range of Wella retail.

The business comes with excellent customer reviews and loyalty which can be seen into salons website and Facebook page.

Our client admits he runs the salon to suit and enjoys a full diary every day, with the addition of a new full-time stylist in place the turnover could easily achieve the £120,000 mark. He recently converted the lower ground salon space into a spacious treatment room which is adding £800-£1,000 new rental income to the business. 

Our client informs there is approx. 250 clients on the database to be handed over to any new owner.



Location
The salon occupies an excellent trading position in a prominent town East Sussex.

The town is serviced by 2 stations. and is enjoying a resurgence in new investment and housing projects. 

The business benefits from limited free parking on the same and surrounding streets.



Premises
** Salon recently redecorated throughout **

Ground floor –

  • Bespoke retail shelving unit, suspended corner glass shelving unit
  • Over door heater
  • Client seating area
  • Curved reception desk
  • 2 x hair stations with mirrors and storage
  • Single backwash unit
  • Infrazone
  • CCTV
Lower Ground Floor –

  • Hallway
  • New Beauty room (or 2nd salon area) includes integrated sink and vanity unit, tiled flooring, new spotlights, treatment bed, bespoke storage unit and mirrors.
  • Staff kitchen / Colour dispensary
  • Toilet
  • Storeroom
  • CCTV


Tenure
We are advised the business is being sold as a Leasehold with currently a rolling yearly agreement in place, a new longer fixed period may be available to any new owner, the annual rent currently stands at just £5,040. The business benefits from full small business relief paying 0 rates in the current year.



Hours
WEDNESDAY - FRIDAY 10am to 6pm

SATURDAY - 9am to 5pm

SUNDAY - TUESDAY- Closed

** opportunity to extend hours and open Monday and Tuesday **



Staff
The business is currently run to suit our client with currently just the treatment room being rented to a self-employed beautician.



Financial Profile
Our client chooses to run the business under the Vat threshold eight the Turnover as of the 2018 account achieving £83,507 and an adjusted net profit in the region of £41,000.



Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Location: Undisclosed, East Sussex
Sector: Hairdressers, Beauty Salons
Financials
Annual Turnover: £83,507
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Advert Reference: B05672 / Rightbiz
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