HIGHLY PROFITABLE AND LONG ESTABLISHED LEASEHOLD HAIR SALON KENT

The Opportunity        

ETS Corporate are pleased to place on the market this very well-presented lease hair salon. The business was started by the Owners in October 2007. It has grown from strength to strength and is one of the premier salons in the area. They are now looking to retire. They have another salon in another area (Sittingbourne) and have owned hairdressing businesses since 1973.

There are two directors, Paul, and Anita Stevens both having 50% shares each.  Their business model has always been to deliver a very high level of service. Most of their employees have been trained in house and the business is fully staffed operated and managed. The team undertake all client appointments and the day-to-day operations. Currently they have three stylists, and two assistants.

Location

The business is located on one of the main streets into and out of Whitstable.  Parking is found in the free car park only 200 yards away as well as other car parks close by.  Business comes mainly from passing trade, residents, and clients within a 20-mile radius.   

Whitstable itself is a popular seaside town and the Salon is close to the local bus stop.

Website

www.cloudninehairgroup.co.uk

Business Details

ETS Corporate are pleased to place on the market this very well-presented lease hair salon. The business was started by the Owners in October 2007. It has grown from strength to strength and is one of the premier salons in the area. They are now looking to retire. They have another salon in another area (Sittingbourne) and have owned hairdressing businesses since 1973.

There are two directors, Paul, and Anita Stevens both having 50% shares each.  Their business model has always been to deliver a very high level of service. Most of their employees have been trained in house and the business is fully staffed operated and managed. The team undertake all client appointments and the day-to-day operations. Currently they have three stylists, and two assistants.

The Unique Selling Points of the business are:

·       One of the Premier salons locally

·       High level of staff training

·       Top quality customer service

·       All the team are employed by the business

·       Established within the hairdressing industry since 1973

·       Fully staff operated and managed

Products and Services

The business provides a full range of hairdressing including:

·       Men’s and ladies’ hair

·       Free Consultations

·       Hair washing and hair treatments

·       Cutting

·       Hair colouring

·       Blow-dry

·       Long hair work

·       Bridal hair

·       Setting

·       Smoothing and conditioning treatments

·       Paul Mitchell colour.

·       Balayage

·       Lightening hair

·       Toning hair

·       Highlighting

·       Home care products

·       Olaplex treatments

The following retails products are offered:

·       Paul Mitchell

·       Olaplex

Trading Hours

Monday – Wednesday and Friday 9 am – 5.30 pm

Thursday 9 am – 8 pm

Saturday 9 am – 5. 00 pm

Sunday Closed

Financial Details

Y/E 31st July                  2016.                 2017            2018            2019             2020

Turnover                       127,750            138,684      144,106        131,478        88,138*

SDE*                              21,981.            12,767.        16,021.       16,967.          16,913

*Sellers discretionary earnings

Property Details

A full description of the property and valuation report are available upon signing of NDA.

To the front of the premises there are 3 large windows, one side window and a doorway

On the ground floor, there is a sales area which is approx. 22 ft x 28 ft with a depth of 616 sq ft. It is fitted with 3 backwashes and 8/9 workstations and has a colour bar and reception desk. It is air conditioned and alarmed.

To the rear, there is a kitchen, toilet and storage area which is 159 sq ft.

A video of the premises is available at https://youtu.be/cHPnmwvqT80

Tenure

The building is leased by the company on a 7-year lease. There is now a new lease available. The present rent is £15,240 although it is anticipated that it might be increased for a new owner. There is no ground rent or maintenance charge.

Ref No:     13427

Price:    Leasehold £39,995 plus net current assets

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.