Top-Rated, Double Fronted Salon in Cleethorpes Lincolnshire for Sale, Established 40 Years Ago
Cleethorpes, Lincolnshire
- Status
FOR SALE
- Date Submitted:
03/08/20
- Advert ID
263040
- Reference
B05906 / Rightbiz
- Call Agent:
- Freehold: £385,000
- Turnover: £342,972 (£6,596 Per week)
- Net Profit: £114,615 (34% Profit margin)
Business Details
Award winning double fronted Salon with excellent reviews
BusinessPlease quote reference B05906
Hilton Smythe are privileged to present to the market, Cleethorpes most well-established hair salon business. The award-winning boutique salon has been in our client’s family for over 40 years and is now only available for sale due to retirement.
The spacious FH business opportunity combines a modern hair salon to the ground floor with an option of 2-3 residential/office rental areas to the ground and first floor levels.
The thriving business embraces the need to involve both standard website advertising to all social media levels such as Instagram, Twitter & Facebook.
There are over 2,000 Facebook followers with an impressive 4.8/5 customer feedback score.
From hair consultations, simple cuts and subtle colouring to complete cutting-edge redesigns, they have created an environment that its passion, flair and artistic knowledge shines through.
There is scope to add a strong complementary Beauty side to the business and there is the space to do this on either the ground floor or first floor spaces.
The separate residential letting spaces create an additional rental income, however it is our opinion this could easily be increased as they are let on a much lower rent than currently achieved in the area.
The Cutting Club is all about nurturing talent, teaching values and supporting creativity.
With personal hair consultations, bespoke help and advice, it is easy to see why this salon business in one of Lincolnshire’s leading hair businesses.
Those knowing this very popular area will appreciate a Freehold salon and secondary investment opportunity of this size and location will rarely come onto the open market and we therefore strongly recommend early viewing to avoid disappointment.
Location
Cutting Club Boutique Hair Salon occupies a highly visible and enviable trading position on Grimsby Road in Cleethorpes.
The double fronted shop unit sits on a busy parade of local shops which includes many other complimentary and independently run businesses. The salon sits behind the main pedestrian crossing which leads to the more residential focused side of Grimsby Road.
Cleethorpes is a renowned seaside resort on the estuary of the Humber in North-east Lincolnshire, originally formed to concentrate on the fishing industry it later developed into a popular seaside resort for families to visit.
The business sits centrally to all of Cleethorpes main leisure attractions and services– the main beach is just 2 streets away, Elliston primary and Queen Mary Infants within 2 mins walking, Grimsby Town Football club directly behind.
The salon sits between 2 mainline train stations – New Clee & Cleethorpes.
There is customer parking on Grimsby Road and on the adjacent streets.
Premises
Ground Floor –1,300 sq. ft of salon space
- Central Reception Desk – with storage and shelving, computerised client database and booking system
- Large retail shelving unit
- Client waiting area
- 7 x hair stations to left side of the salon
- 7 x hair stations to the right side
- 3 x backwash units, towel store, colouring store
- 3 x wall mounted hood dryers, storage trolleys
- Colouring storeroom, staff room and kitchen
- Staff/Customer toilet facilities
First Floor –
- Large 2 x bedroomed flat/office space with large kitchen and family bathroom
- 2nd self-contained 1 x bedroomed flat (with separate access)
Tenure
The lease terms are to be confirmed with the freeholder.
The freehold is available for £129,995.
Hours
Monday – Closed
Tuesday – Thursday - 8.30 to 17.30
Friday – 8.30 – 18.30
Saturday – 8.30 – 17.00
Sunday - Closed
Staff
The business employs a full time Manager, 4 x full time stylists, part time stylists and consultants.
Financial Profile
As of the 2023 accounts the salon enjoyed a Turnover of £325,000 and net profit in the region £100,000. Further financials will be available upon request.
Please quote reference B05906
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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