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600908
B07562 / Rightbiz
Business
Please quote reference B07562
CoGoGo are delighted to welcome to the market a highly rated luxurious and contempory Hair and Beauty salon in the West Midlands. The salon & site has huge potential for business diversification due to an excellent reputation and repeat client base.
The business was established by our client in 2011, building up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is highly regarded within the local area.
The hair salon has now come to the open market due to our clients' desire to spend more time with their families.
The business is one of the West Midlands' most luxurious and contemporary hair salon working on building solid relationships with L'Oréal for fantastic ongoing business perks (training & business development).
The business and site offer huge potential of growht in the aesthetics & beauty. The site currently has 2 treatment rooms, but has the option of creating 2-3 more without losing its luxurious Salon space.
This could also be great for a Hair loss clinic business.
Key selling points -
Scope for further growth -
Location
The hair salon is located in the West Midlands.
It's a high footfall area surrounded by major high street brands and leisure facilities, with a customer car park on site (3 hours free parking).
Premises
Ground floor -
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on 10 year lease. The rent is £25,000 per annum.
Hours
The current trading hours are -
Monday - Closed
Tuesday - 9 am - 5 pm
Wednesday - 9 am - 7 pm
Thursday - 10 am - 7 pm
Friday & Saturday - 9 am - 5 pm
Sunday - Closed
This site can trade 6 days if you wish, and no hours cap.
On-site parking 24 hours.
Staff
We are advised that the business has 10 members of staff.
Financial Profile
We are advised that, as per the 2023 accounts, the business generated a turnover in the region of £375,000. Further financials can be made available upon request.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Extremely highly rated hair salon for sale - B07562 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.