Unisex Hair Salon with Tenanted Flat in Walsall West Midlands Up for Sale
Walsall, West Midlands
- Status
FOR SALE
- Date Submitted:
09/01/24
- Advert ID
604787
- Reference
B07748 / Rightbiz
- Call Agent:
- Freehold: £249,999
- Turnover: £83,870 (£1,613 Per week)
- Net Profit: £24,513 (30% Profit margin)
Business Details
Well Established Unisex Hair Salon For Sale
Business***Flat is tenanted***
Please quote reference B07748
CoGoGo are delighted to welcome to the market Classic Cuts, a highly rated unisex hair salon in Brownhills.
Classic Cuts was founded by our client in 1990, building up an excellent reputation and very loyal customer base. As seen by the online ratings and reviews on Google, the hair salon is extremely popular.
Our client then moved the business to the current location in 2016.
Classic Cuts is a small family business with a very friendly relaxed atmosphere. This unisex salon caters for all, including toddlers. The business prides itself on being very fashion forward and specialises in cutting, colouring and styling including prom hair styles.
All fixtures, fittings and equipment used to run the business will be included in the sale.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position with loads of footfall along with passing trade
- Current owner happy to offer a handover to ensure the continued success
- Immediate rental income from the tenant in the flat above
- Ideal owner managed or partnership business
- A real opportunity to increase turnover and profits significantly, current owner is running at a pace to suit due to poor health.
- Advertising and Marketing campaign
- Maximise the use of social media
- Website ideally with gallery and online booking system
- Introduce beauty services, perhaps nails, lashes & brows
- Extend the opening hours
Location
Classic Cuts is located on High Street in Brownhills, West Midlands.
The unit is well presented and maintained with clear visible signage, receiving good levels of footfall and passing trade.
There is free parking to the rear of the premises.
Premises
The business occupies the ground floor unit, with the residential flat on the first and second floor.
Ground floor -
- Salon area with a customer waiting area to the front, a reception desk and 5 hair stations and 2 backwash stations.
- Kitchen and staff room area
- WC
- Well presented flat with a lounge area, kitchen area and bathroom area.
- The flat has a separate entrance and two outside areas on different levels.
- The second floor offers the potential for another flat subject, of course to the usual planning permissions.
Tenure
We are advised that this opportunity is being sold on a Freehold basis.
Please note that the flat is tenanted and current generates a rental income of £450 per month.
Hours
The current trading hours are -
Monday & Tuesday - Closed
Wednesday to Saturday - 7:30am - 4:30pm
Sunday - Closed
Staff
We are advised that the business is run and managed by our client, with the help of his wife and a receptionist.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £84,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
Be safe, use a Rightbiz Solicitor
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