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Well known highly rated hair salon for sale

Undisclosed, Lancashire

CONFIDENTIAL SALE

  • Leasehold: £94,995
  • Turnover: £124,000 £2,385 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B05986

Hilton Smythe Commercial are delighted to present to the market a sought after and highly regarded hair salon opportunities.

The business was established by our client in at this location in 2014 who is now looking to sell the business to concentrate on her young family.

To say the business stands out from the local competitors is an understatement, our client recently spent £20,000 on developing a new marketing strategy to emphasise the unique ethos of the brand and quality of the experience from initial call to creating a bespoke stye for each client.

Our client currently concentrates on offering high quality hairdressing with a choice of junior stylist, stylist, master stylist or style director levels which includes some of the following. A full list can be made available upon further request –

  • Blow outs
  • Cut, style & finish
  • Gents cut, style & finish
  • Regrowth
  • Creative hair
  • Hair extensions 
Each customer and stylist are treated as family, there is an electric energy in the salon not seen in any other similar business model.

There is an extremely loyal customer base included in the sale.

Key selling points include –

  • 10,000+ followers across all social media platforms
  • Twitter
  • Excellent business website
  • Strong Retail sales side (online ordering option)
  • 5 star Google reviews
  • Full imagery presentation of their work
  • Potential to franchise
  • Stunning salon design and decor
  • 11 x available stations
  • Opportunity to increase turnover with more stylists
  • Opportunity to add beauty
  • Low rental terms
  • Zero business rates
  • High net profit ratio
  • Potential to increase current opening hours
Very rarely to salon opportunities ever come onto the open market, the evidence of our client’s hard work and vison is clear to see in all areas of the business. We strongly advise early viewing to avoid disappointment!



Location
The business occupies a highly visible and stunningly designed double fronted shop.

The business is surrounded by a good choice of complementary businesses located just on the outskirts of the town centre.

It benefits from being directly in front of the towns mainline train station.

The business benefits from a free onsite customer car park as well as being close to the large pay and display car park at the train station.



Premises
  • Double fronted corner business unit
  • Full length windows with 2 x points of entrance
  • Fully alarmed premises
  • Large customer reception area with bespoke reception desk
  • Retail display shelving
  • 11 x hair stations (each with own storage & mirror)
  • Private ‘backwash’ area with 2 x reclining chairs, shampoo storage shelving
  • Fully fitted Colour Bar
  • 2 x storage cupboards
  • 2 x bathrooms
  • 2 x toilets
  • Staff kitchen/staff room area/further storage
  • Free private customer car park
The following is included in the sale;

  • Flat screen TV
  • Fridge
  • Washer / Dryer
  • Seating area
  • 10 salon chairs


Tenure
We are advised that the business is being sold on a leasehold basis, with a new lease to be offered for the new buyer. The rent is currently £866 per month, and the business has £0 rates payable. 



Hours
The business is currently trading 5 days a week. A full breakdown will be made available. 



Staff
We are advised that the owner works part time, with the additional help of 2 full time and 1 other part time members of staff. 



Financial Profile
Full financials can be made available upon further request.

Please quote reference B05986



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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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