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Recently Refurbished Freehold Hair & Beauty Salon in Cornwall with High Growth Potential

Undisclosed, Cornwall

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/04/24

  • Advert ID

    609610

  • Reference

    2982 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £549,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Freehold Hair & Beauty Salon Located In Cornwall

Freehold Hair & Beauty Salon Located In Cornwall
Development Potential
Ref 2982

Asking Price £549,950

Location
This highly respected Hair & Beauty Salon is situated near the affluent and busy town of Truro. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Hair & Beauty Salon which is located near Truro. The business was established by our clients 20 years ago and they are now offering the salon for sale so that they can enjoy a well deserved retirement.
Since ownership the owners have purpose built the premises and undertaken within the last 12-18 months, a total refurbishment of the salon including low energy lighting, a new oil-fired boiler and new fixtures & fittings. All equipment, fixtures & fittings will be included within the sale price which is a huge plus for any new owner, as additional funds will not need to be spent for some time. The business is currently owner operated and requires the help of 2 full time and 6 part time members of staff and for the year ending March 2024 posted a turnover of £177,500 with a GP of £158, 066 (89%).
This business provides a very comprehensive range of hair & beauty treatments and is currently recognised as a session salon with highly trained staff. The reception area has a warm and welcoming feel leading to the salon were there are 8 x cutting stations and 3 x bespoke hair washing stations, 2 x beauty treatment rooms, a ventilated pedicure room a manicure/nail bar zone.On the first floor, a dedicated / ventilated spray tanning room and a recently added private/VIP room offering hair & beauty treatments in a tranquil setting.
We believe that there is further potential to increase trade by extending the current opening hours and opening Mondays & Sundays, further development of the business's online and social media presence and optimising in-store and online retail sales. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular, repeat and new trade.
This is a superb opportunity to acquire an existing and vibrant Hair & Beauty Salon, with potential to expand even further and as such an early viewing is highly recommended.

Opening Hours
Tuesday - 09:00 - 17:00
Wednesday - 09:00 - 18:00
Thursday & Friday - 09:00 - 19:00
Saturday - 09:00 - 18:00
Sunday & Monday - closed

Ground Floor
Reception & Salon (7.4m x 9.1m) comprising: reception desk, chair, till draw, product display stand, 4 waiting chairs, coffee table, LED lit retail unit, 8 cutting stations with wall mounted mirrors, 4 hair cutting trolleys with drawers, 3 bespoke hair washing chairs with individual back basins, various shelves and a bespoke wall mounted shelving unit for hair colouring.
Staff room (3.3m x 1.2m) with kitchen units, 3 chairs and a microwave..
Manicure room (6.6m x 3.1m) with 2 manicure/nail stations with extractor fans, 2 x chairs, desk, shelving unit, black metal trolley and reception desk.
Treatment room 1 (3.0m x 4.3m) with electric treatment table, Pedicure chair with foot stool and copper bowl, chair, shelving unit, wash basin, towel warmer facial steamer (Lux) and mirror, large built- in shower with glass doors.
Treatment room 2 (2.9m x 2.5m) with treatment coach, wall mounted picture, chair, wash basin, stainless steel radiator, wooden unit with drawers and shelving unit.
Treatment room 3 (2.4m x 2.2m) with Pedicure chair with foot stool and copper bowl, stainless steel radiator and wash basin.
Toilet (2.4m x 1.5m) with w/c, wash basin, and stainless-steel radiator.

First Floor
Private hair & treatment room (3.0m x 3.9m) with hair cutting station, treatment couch, hair washing station, foot stool and cutting stool.
Staff room (3.6m x 5.5m) with kitchen units, 3 x chairs, microwave and toaster.
Office (2.3m x 1.7m) with desk, chair, mirror, document drawers, printer and wall mounted mirror.
Spray tanning room (3.5m x 3.5m) with wash basin, spray tanning booth, wall mounted cupboard, spray tan machine and mirror.
Landing area with settee.
Extensive eaves storage space.

External
Car park for (10) vehicles.

EPC Rating B
Read more

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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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