Award-Winning Established Hair Salon in West Midlands Up For Sale
Undisclosed, West Midlands
- Status
FOR SALE
- Date Submitted:
23/01/24
- Advert ID
605506
- Reference
B07777 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well Established Hair Salon For Sale
BusinessPlease quote reference B07777
CoGoGo welcomes to the market a well respected Hair Salon in the West Midlands.
The business was founded by the current owner over 20 years ago and has been a real labour of love accruing many regular customers and a fantastic reputation for customer care, professionalism and pricing. The business has been recognised as being one of the leading independent salons in the area.
This has now come to the open market due to our clients wish for a change of direction.
Each team member in the business works to ensure that their clients experience fantastic hairdressing combined with exceptional customer service. The business specialises in colour and its staff have studied with some of the UK’s leading colour experts.
The business is also award winning.
The salon offers a range of hair services including -
- Cut and Blow Dry
- Blow Dry
- Cleanse and reshape
- Cleanse and restyle
- Cleanse and finish
- Hair Colouring
- Premium Colours
- Event Hair
- Bridal and Hair-up session styling
- Specialty Treatments
- Men’s hair cuts and cleanses
- Junior cuts, reshapes and cleanses
The sale will include the company website and social media platforms and the business enjoys great visibility online with impressive reviews.
Key selling points -
- A well established business with an enviable Reputation and many existing customers (database of over 2000)
- Current owner happy to offer a handover to ensure the continued success of the business
- Ideal owner run or partnership business
- Low running costs with inexpensive rent and no business rates
- Prime trading position with little or no competition
- Increase advertising and marketing
- Maximise the use of social media
- Introduce other beauty treatments
- Expand the product range
Location
The Hair Salon is located in West Midlands.
The business has eye catching signage and due to it's location, it receive high levels of footfall and passing trade.
There are a couple of parking spaces to the front along with a car park behind the premises.
Premises
The business occupies the ground floor on a corner unit and is well presented and maintained.
Salon area -
- Generous salon space with a reception desk, 6 hair stations, 2 backwash areas. Mounted TV units and a freestanding unit displaying their product range.
- With a range of base and wall units, sink, space for fridge.
- Toilet and hand wash basin facilities.
- Useful area.
Tenure
We are advised that this is being sold on a Leasehold basis, with the the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current 5 year lease is due to expire in 2025, with that rent at £6,500 per annum.
Hours
The current trading hours are -
Monday - Closed
Tuesday - 9:00am - 4:00pm
Wednesday to Friday - 9:00am - 5:30pm
Saturday - 9:00am - 4:30pm
Sunday - Closed
Staff
We are advised that the business is run and managed by our client, with the help of 4 full-time stylists.
Financial Profile
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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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.
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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.'.
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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.
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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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Contact seller
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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