Hilton Smythe welcomes to the market a hair & beauty salon which was established by our client in 2016, due to family commitments our client is now looking to sell this business that has seen exponential growth over the last few years.
The salon offers all aspects of beauty treatments including:
The business has strong reviews online from a large returning database of customers. The reviews include 4.6/5* on Google and 5* on the businesses own Facebook site. The business is also being sold with its own website.
There are many reasons to buy the business including:
Exponential growth since opening in 2016.
Large growing database of clients.
Reputation and Location.
Own parking spaces.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location The business is located in the county of Cambridgeshire.
The business is ideally located in a modern premises with its own allocated parking spaces with additional free adjacent street parking. This making it unique for a near central beauticians on a main busy arterial road. Signage is distinctive and visible to passing traffic.
Premises The salon has:
Soft seating in the waiting area.
2 Nail Stations.
4 Hair Stations.
3 Treatment Rooms.
Double Back Wash
New Hair products storage/mixing room with sink
The salon has a CCTV system.
Tenure We are advised the business is being sold as a leasehold business opportunity with a 6-year lease from 2016 and an annual rent of £17,000. Business rates are currently payable at just £500 per annum.
Hours Monday: 10am - 6pm
Tuesday: 10am – 6pm
Wednesday: 10am – 8pm
Thursday: 10am – 8pm
Friday: 10am – 5pm
Saturday: 9am – 4pm
Staff The business is run and managed by our client, with the help of 1 full time member of staff and 6 staff on a rent a chair basis.
Financial Profile The business generated an advised turnover of circa £91,350 as of the 2019 accounts, with a gross profit of 64.5%, a net profit of 5.5% and an adjusted net profit of 31.8%.
The assets being sold with the business are worth in the region of £8,500.
The average stock value is in the region of £8,000. For further information please reference B05813.
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