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Prime Location Hair Salon with Revlon Partnership in Southsea, Portsmouth for Sale

Southsea, Hampshire
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Highly Established Hair Salon – Southsea, PortsmouthHighly Established Hair Salon – Southsea, PortsmouthHighly Established Hair Salon – Southsea, Portsmouth
  • Status

    FOR SALE

  • Date Submitted:

    08/05/24

  • Advert ID

    611037

  • Reference

    BPD231199 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £150,000
  • Rent: £18,000
  • Turnover: £244,000 (£4,692 Per week)
  • Net Profit: On request

Key Features

  • Established Business
  • Prime Location
  • Offers Invited

Business Details

Highly Established Hair Salon – Southsea, Portsmouth

Key Features

• Established Hair Salon, opened 25 years ago, acquired by new owners, 10 years ago.

• Prime location, in Southsea pedestrianised, town centre street, with high footfall.

• Strong partnership with leading international hair product brand - REVLON

• Significantly refurbished, large modern contemporary salon – access to 3 floors

• Huge opportunity to expand revenues further.

BE my guest is a highly reputable, well-established hair salon with a legacy spanning 25 years.
• Situated in a busy pedestrianised Southsea town centre street, this salon enjoys an enviable, high-visibility location and what sets this business apart is its unwavering commitment to professionally delivering exceptional customer experience.
• BE my guest is part of The Good Salon Guide together with having an exclusive strong partnership with a leading premier luxury Professional Hairdressing brand REVLON.
• Through this partnership, the salon has been granted access to cutting-edge products, first-rate store displays, staff training of the highest calibre, and enticing incentives to showcase this luxurious brand. The array of services includes the ultimate in hair colouring, cutting and styling,
• The owners have spared no expense in transforming this leased retail space into a modern contemporary relaxing environment. The salon is situated on the ground floor having 15 stations and less than 50% of capacity is being utilised, with a spa area colour bar, reception and retail space to display products stocked.
• There are also expansion opportunities as the 1st floor is an empty beauty room for rental with customer toilets and the second floor has an office, staff room and toilets. Further growth can be attributed to expanding business hours, increasing staffing levels and establishing a training academy, supported by their partnership with REVLON. The biggest opportunity to double or triple turnover by increasing the use of workstations that are currently less than 50% used.
• The lease is due in December 2026 with the opportunity to extend it by another 10 years which may be discussed with serious buyers The annual rent stands at £18,000, with rates payable amounting to £2,120 annually.
Contact us today to learn more about this exciting business opportunity.

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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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The data showed regarding this advert 'Highly Established Hair Salon – Southsea, Portsmouth - BPD231199 / 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.