Salon In Enviable PL1 Position For Sale in Plymouth

This ‘turn-key' salon. Opportunity will offer any prospective buyer the chance to hit the ground running with this already busy business. The salon offers both hair and beauty services and is arranged over one well presented disabled-friendly floor. Established in 2015 the salon's fixtures and furnishings are all in good repair and a full renovation and improvement has been recently (2020) made to the nail room.

The salon currently offers the following services -
- Cut and style, restyle, blow dry, shampoo & set, cut & set.
- Gents dry cut, wash & cut, clipper cut.
- Children's cuts.
- Conditioning treatments - Olaplex.
- Colouring - includes full head tint, semi-permanent & regrowth tint, half & full head foils, full head fashion colouring.
- Beauty Treatments such as; waxing, threading, massage, nail extensions, foot treatments, facials, non-surgical facelifts and microblading.
- We also have a monthly aesthetic lady who comes to the salon.

We attract customers of all ages with 85% of sales from ladies’ cuts and 15% from gents.

We have two Senior Stylists, one self-employed and one employed, an employed beautician and a level two apprentice. We also have a stylist who rents a chair out, she usually works 4-5 days a week. All of the staff are busy, but there is definitely scope for expansion in terms of working and opening hours. The beauty room especially could be utilised more frequently as it is not in use three days of a week.

Any new owner could either advertise someone new to rent the room or look to increase the beauty side of the business by employing new therapists. To make the salon significantly more profitable the current owner would suggest adding one more additional stylist (be this an employee or a potential new owner).

The current owner runs the shop alongside many other commitments and it has become clear they can no longer offer the business the time and attention it needs to continue to grow. The current owner is not a stylist or beautician and has never had to work in the salon. They believe that this is the perfect opportunity for an owner who is in the trade to take the salon to the next level.
As you can see from the business photos attached, the business is decorated to a very high standard and now includes a total of four hair styling stations, a beauty room, nail room, disabled w/c and a fully equipped staff room.

Key selling points include -
- Business website with online booking facility.
- Facebook page - 3000 followers.
- 4.7-star Google and five star Facebook customer review score.
- Multi-year lease remaining with assured renewal.
- Nil business rates are payable.
- Currently, run to suit.
- Potential to double current turnover levels.
- Fully staffed and ready to go.

Assets Included:
- Climate Control.
- Nail room with nail desk, with lamp, dust extractor, uv lamp and a huge amount of stock for gel manicure, nail extensions and pedicure.
- Beauty room with; treatment bed, storage shelving, sink unit, waxing machine, microdermabrasion machine, non-surgical facelift machine and two trollies.
- Reception desk with computer/client database.
- four x hair stations with brown leather chairs, storage & mirrors.
- Several built-in storage shelving units, product display units.
- Comfy Waiting Sofa.
- two x backwash units with matching chairs.
- Coffee machine.
- Washing machine, dryer, microwave and fridge.

Location.
The salon enjoys a much sought-after trading position in the new residential estate off Chapel Street in Devonport. It is in one of the most highly populous parts of Plymouth and there is a huge customer base within a mile of the salon. With free parking and visibility from one of the main commuting roads through Plymouth the position is ideal for growth.
The area is enjoying a significant increase in new residents with many new potential customers relocating from other areas.
The salon currently attracts customers from Launceston, Callington, Tavistock and Ivybridge, all of which are 13 miles from Plymouth.

Tenure.
We are advised the business is being sold on a nine year Leasehold basis with three years remaining on the Lease, the rent is £9600 per year ExVAT which includes service charge and building insurance.
Hours.

The business trading hours are as followed:
Monday - Closed.
Tuesday - 09:00am - 17:00pm.
Wednesday - 09:00am - 17:00pm.
Thursday - 09:00am - 17:00pm.
Friday - 09:00am - 17:00pm.
Saturday - 09:00am - 16:00pm.
Sunday - Closed.

Staff.
Two Senior Stylists, one self-employed and one employed,
One employed beautician.
Level two hair apprentice.
We also have a stylist who rents a chair out, she usually works 4-5 days a week bringing roughly £5000 to business each year.

Financial Profile.
We are advised the business generated a turnover of circa £42,000 as of 2020, further financial information can be made available upon request.

Further information, viewings and links to social media, websites are available on request.