Thriving Specialist Children's Hair Salon in Royal Leamington Spa Warwickshire for Sale
Royal Leamington Spa, Warwickshire
- Status
FOR SALE
- Date Submitted:
11/03/20
- Advert ID
257707
- Reference
B05872 / Rightbiz
- Call Agent:
- Leasehold: £29,995
- Turnover: £28,600 (£550 Per week)
- Net Profit: Not Applicable
Business Details
Thriving Specialist Children’s Hair Salon open to offers
Business*** Open to offers ***
Please Quote Reference B05872
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Mopp Heads which is a well established Hair salon with a renowned reputation amongst local residents. This is a superb opportunity to take on a well known local business in an area teeming with customers.
Mopp Heads was founded by the current owner eight years ago when he identified a gap in the market and has been a real labour of love for him, accruing many regular customers and a burgeoning reputation.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to enjoy a well earned retirement. He is keen to see his beloved hair salon pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Mopp Heads provides a specialist Children’s hair salon to clients throughout Leamington and the surrounding towns and villages. The business has an impressive number of regular customers, many of whom are known on a first name basis by the current owner who is a popular and well respected member of the local community.
The sale will include the company Facebook page and the business enjoys great visibility on the internet via websites such as freeindex.co.uk, yell.com, beautynailhairsalons.com etc.
The business benefits from really great reviews online.
Scope to improve
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Website, ideally with an online booking facility
- Employ an additional stylist and apprentice
- Extend the opening hours
- Introduce children’s make over parties
- A well established business with an enviable reputation and many existing customers
- Low running costs with inexpensive rent and no business rates
- Little or no competition locally
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
Location
Mopp Heads is located in Leamington Spa.
Royal Leamington Spa is a beautiful and prosperous town and located in the heart of Warwickshire. With a population of around 50,000 the towns growth was largely due to the natural springs that were discovered and commercialised in the nineteenth century.
Wide boulevards, stunning architecture and award winning parks provide a sophisticated backdrop to this Regency town. Often described as ‘the best bits of London’, all in a ten minute walk, Leamington town centre combines a treasure trove of independent, specialist boutiques alongside High Street brands. With an impressive array of entertainment venues and restaurants plus some of the country’s best spas and salons this makes Leamington one of the most appealing towns in the UK.
Mopp Heads is situated just off the main shopping centre of the town and thus benefits from high levels of footfall and passing trade. The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free on street parking close to the premises.
Premises
Mopp Heads occupies the ground floor of an attractive, period style property and briefly comprises:
Salon
Windows and glazed door to front creating a light, airy and inviting interior, wood effect flooring, 2 hair stations each with chair mirror and electrical sockets etc, sofa for waiting customers, spotlighting.
Store Room
Useful store room offering potential to convert to a treatment room, tongue and groove wood panelling to ceiling.
Vestibule Area
Vinyl tile effect flooring, plumbing for washing machine.
Tenure
We are advised that Mopp Heads is being sold as a leasehold business opportunity.
The existing lease is arranged on a monthly rolling and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £6760 per annum which is really reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
Hours
Monday Closed
Tuesday to Saturday 09.30 – 17.00
Sunday by appointment only
Staff
The business is run and managed by our client.
Financial Profile
Mopp Heads generates an advised current turnover of circa £30,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit.
For Further Information please contact Hilton Smythe quoting reference B05872
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
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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