Award-Winning Hair Salon with Established Clientele for Sale in Hazlemere, Buckinghamshire
Hazlemere, Buckinghamshire
- Status
FOR SALE
- Date Submitted:
09/01/24
- Advert ID
604774
- Reference
13433a / Rightbiz
- Call Agent:
- Leasehold: Price on Application (Stock at valuation)
- Turnover: £821,902 (£15,806 Per week)
- Net Profit: £170,000 (21% Profit margin)
Business Details
HIGHLY PROFITABLE AND LONG ESTABLISHED FREEHOLD LEASEHOLD HAIR SALON
The Opportunity
The business was established in 1996. Eden Hair Design Ltd started as a single hair salon and in 2000 had expanded into the premises next door and the flat above, becoming 'Eden Hair & Beauty'; with this came a major refurbishment.
In 2010, it became a Certified UK Training and Development Salon, and this was the start of a very successful training academy.
In 2016, it became a L’Oreal colour specialist salon, and there was a further refit in 2019 to accommodate the growing client base.
The business is fully staff-operated and is operated by 12 staff. The turnover was £821,902, with an average (2018-2022) adjusted profit of over £170,000. The freehold property is valued at £550,000
Location
Eden Hair and Beauty is located on a busy junction in Haslemere, Surrey, which is an affluent commuter belt town and just a 50-minute train ride from London.
Clients are mostly from Surrey, Hampshire, West Sussex, three counties border.
The location benefits from
· Affluent community
· Prominent location
· Wide demographics
· Easily accessible premises
Property Details
The business is freehold or leasehold.
Ground floor: To the right: 2 backwash stations with massage chairs, a colour mixing room and hot water tank/washing up room, ten cutting stations with a sofa area, air conditioning unit and TV. To the left, the seating area, retail sales display area and reception area with two computer screens, seven more cutting stations, a downstairs toilet and kitchen/drinks prep area, plus a cloakroom.
First floor: Room one -2 backwash/massage chair stations, built-in stock cupboards and store cupboard and office. Room two - Beauty room with beauty bed, countertop and cupboards, nail bar and mirror. Room three is a training suite/ beauty room with five VIP cutting stations. Room four - Recently refurbished shower room with w/c and hand basin. Room five - Newly fitted, fully functioning kitchen/team room.
Front of premises: Double-fronted shop on a busy junction with 4 parking spaces and frequent footfall.
The rear of premises: Backdoor to side alley with drying line and additional understairs storage.
No of workstations in total: 19
Number of therapy rooms: 2
A video of the premises is available at
https://youtu.be/Ps-cD8XTTLY
Website/social media
www.edenhair.co.uk
Facebook – 2.9k followers
https://www.facebook.com/edenhair.haslemere
Instagram – 2,767 followers
https://www.instagram.com/edenhair.haslemere/
There is also a YouTube video of the business
Business Details
The Owners are now looking to retire after running an extremely successful business. It is the premier salon in the area and is fully managed and staff-operated.
The Unique Selling Points of the business are:
· Independent community salon
· Award-winning salon
· Excellent reputation
· Offer professional yet affordable services
· Tiered price structure offers pricing for all demographics
· Highly effective social media marketing
· High re-booking rate
· Large customer base of regular and loyal clients
· Low staff turnover
· Online booking system and personalised app
· Deposit system for every appointment
Trading Hours
Monday 9 am - 6 pm
Tuesday 9 am - 6 pm
Wednesday 9 am - 10 pm
Thursday 9 am – 10 pm
Friday 9 am - 6 pm
Saturday 8.30 am – 4 pm
Sunday Closed
Financial Details
The turnover was £821,902 with an average (2018-2022) adjusted profit of over £170,000. The value of the freehold property is £550,000. There is also around £250,000 worth of working capital in the company, which is included in the sale.
Tenure
The business is sold with a freehold property OR as a leasehold.
Ref No: 13433
Price: OFFERS INVITED
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.
Contact Agent
Listing Statistics
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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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