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Award winning boutique Salon with excellent reviews

Undisclosed, Lincolnshire
Status
FOR SALE
Advert ID
263040
Reference
B05906 / Rightbiz
01204556300
Freehold Price: £429,995
Annual Turnover: £281,973
Business
Please quote reference B05906

Hilton Smythe are privileged to present to the market, Lincolnshire's 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 business 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
The hair salon occupies a highly visible and enviable trading position in Lincolnshire.

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 a more residential focused street.

The busines is based in 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 the main leisure attractions and services– the main beach is within walking distance.

The salon sits between 2 mainline train stations.

There is customer parking 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
1 x bedroomed self- contained flat (accessed from the side of the building)

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 salon is being sold as a Freehold.



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 2019 accounts the salon enjoyed a Turnover of £281,973.

Please quote reference B05906



Listing Details
Location: Undisclosed, Lincolnshire
Marketed By: Hilton Smythe
Sector: Hairdressers, Beauty Salons
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Advert Reference: B05906 / Rightbiz

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