Prime Location Hair Salon in Banbury Oxfordshire Up for Sale, Great Growth Potential
Banbury, Oxfordshire
- Status
FOR SALE
- Advert ID
627132
- Reference
13450 / Rightbiz
- Call Agent:
- Leasehold: £39,995 (Stock at valuation)
- Rent: £19,200 (£1,600 per month)
- Turnover: £233,000 (£4,481 per week)
- Net Profit: £40,000 (18% Profit margin)
Key Features
- High Turnover
- Established Business
- Prime Location
- Fully Fitted
- Small Business
- Accounts Available
- Town Centre location
Business Details
Long Established Hair Salon Banbury Oxon
Long Established Hair Salon Banbury Oxon
O'NEIL'S HAIR ADVICE CENTRE LTD
2 Market Place, Banbury, Oxfordshire, OX16 5LG
Website: www.oneilsthehairadvicecentre.co.uk
11 March 2025
PRICE: £39,995 plus SAV
1. EXECUTIVE SUMMARY
O'Neil's Hair Advice Centre is a well-established hair salon located in the heart of Banbury, Oxfordshire. The salon has been operating for over 40 years and has a loyal customer base. The business offers a wide range of hairdressing services, including cutting, styling, and colouring.
The salon is strategically located in the Market Place, opposite the Castle Quay shopping mall, with high foot traffic and ample parking. The area is densely populated and affluent, providing a favourable market for a hair salon.
The business is being offered for sale due to the owner's retirement and health issues. This presents an excellent opportunity for a new owner to take over a profitable and well-established business with significant growth potential.
Key Performance Indicators (KPIs)
● Turnover: £224,960 (2023)
● Operating profit £45,552 (2023)
● Gross Profit Margin: 90% (2023)
● Net Profit Margin: 16.4% (2023)
● Customer Retention Rate: 82%
● Average Customer Spend: £45
2. BUSINESS OVERVIEW
O'Neil's Hair Advice Centre has been a cornerstone of Banbury's hairdressing scene for over 40 years. The salon prides itself on its commitment to providing high-quality services and building strong client relationships. The salon's team of experienced stylists are passionate about hairdressing and dedicated to ensuring customer satisfaction.
The salon's unique selling propositions (USPs) include:
● Prime location in the heart of Banbury
● Experienced and dedicated team of stylists
● Loyal customer base and excellent reputation
● Wide range of hairdressing services
3. LOCATION ANALYSIS
O'Neil's Hair Advice Centre benefits from its prime location in the Market Place, directly opposite the Castle Quay shopping mall. The salon is surrounded by various shops, restaurants, and other businesses, generating high foot traffic and excellent visibility. The location is also easily accessible by public transportation and has ample parking nearby.
The area surrounding the salon is densely populated and affluent, providing a favourable market for a hair salon. The local demographics show a high concentration of women aged 25-54, a key demographic for hair salons.
4. OPERATIONAL ANALYSIS
O'Neil's Hair Advice Centre operates on an appointment-based system, with online booking available through the salon's website. The salon is open six days a week, with late-night appointments available on Tuesdays and Fridays.
Opening Hours:
● Monday: Closed
● Tuesday: 9:00 AM - 7:00 PM
● Wednesday: 9:00 AM - 5:30 PM
● Thursday: 9:00 AM - 5:30 PM
● Friday: 9:00 AM - 7:00 PM
● Saturday: 8:30 AM - 4:30 PM
● Sunday: 9:30 AM - 4:00 PM
The salon's team comprises eight staff members, including the owner, who works full-time. The staff members are highly qualified and experienced, with an average tenure of over five years. The salon fosters a positive and supportive work environment, which has resulted in a high staff retention rate.
The salon's marketing strategy focuses on building relationships with existing clients and attracting new clients through word-of-mouth referrals and online marketing. The salon maintains an active social media presence and offers loyalty programs to encourage repeat business.
5. FINANCIAL ANALYSIS
O'Neil's Hair Advice Centre has a strong financial track record, with consistent revenue growth over the past three years. The salon's financial performance is summarised in the table below:
Metric Turnover Gross Profit Operating Profit Net Profit
2021. £219,206 £200,914 £40,812 £32,567
2022. £216,758 £194,652 £40,101 £32,059
2023. £224,960 £200,936 £45,552 £36,956
The salon's profitability has remained stable, with a net profit margin of around 15%. The business has a healthy cash flow and is well-positioned for continued growth.
6. TEAM ANALYSIS
O'Neil's Hair Advice Centre's team is one of its greatest assets. The salon's eight staff members are highly qualified and experienced, with an average tenure of over five years. The team includes:
● Senior stylists with over 10 years of experience
● Junior stylists with a passion for hairdressing
The salon fosters a positive and supportive work environment, which has resulted in a high staff retention rate. The team is passionate about hairdressing and dedicated to ensuring customer satisfaction.
7. CUSTOMER BASE
O'Neil's Hair Advice Centre has a loyal customer base, with many clients having been with the salon for over 10 years. The salon's customer base is predominantly female, aged between 25 and 54. The salon's clients appreciate the high-quality services, friendly atmosphere, and convenient location.
The salon maintains a strong customer retention through loyalty programs, personalised service, and regular communication. The salon also actively seeks feedback from its clients to ensure it meets their needs.
8. LEASE INFORMATION
O'Neil's Hair Advice Centre operates from a leasehold property. The current lease is in the owner's name and has a term of 15 years, commencing on December 6, 2018, with a break clause after five years. The annual rent is £19,200.
The lease terms are favorable for the business, providing security of tenure and a reasonable rent. The break clause offers flexibility for a new owner.
9. PROPERTY DETAILS
The salon occupies a glass-fronted, two-story building. The ground floor features a reception area, six styling stations, two washbasins, a coffee room, and two restrooms. The first floor houses four additional styling stations, another wash basin, a mixing area, and a staff room. The salon is well-equipped and maintained, providing a comfortable and functional workspace for the stylists and a welcoming environment for clients.
10. GROWTH POTENTIAL
O'Neil's Hair Advice Centre has significant growth potential. Growth opportunities include:
● Expanding the range of services offered, such as beauty treatments and barbering.
● Increasing marketing efforts to attract new clients.
● Extending opening hours to cater to a broader range of clients.
The salon's prime location, experienced team, and loyal customer base provide a strong foundation for future growth.
10. SWOT ANALYSIS
Strengths:
● Prime location in the heart of Banbury
● Experienced and dedicated team of stylists
● Loyal customer base and excellent reputation
● Wide range of hairdressing services
● Strong financial performance
Weaknesses:
● Owner's retirement and health issues
● Limited online presence
Opportunities:
● Expanding the range of services offered
● Increasing marketing efforts
● Extending opening hours
Threats:
● Increasing competition from other salons
● Changing consumer trends
11. DUE DILIGENCE INFORMATION
The following information will be made available to potential buyers during the due diligence process:
● Financial accounts for the past three years
● Lease agreement
● Detailed Information memorandum
● Staff contracts and employment records
● Full Data Room
NEXT STEPS
Interested parties are invited to contact Zach Dogar at [email protected] or call 07912 513876. You can execute a confidentiality agreement here, arrange a confidential viewing, and request further information, including detailed financial records.
DISCLAIMER
This sales memorandum has been prepared for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities or assets. Verification of all information contained herein is recommended.
Zach Dogar
ETS Corporate
Email: [email protected]
Phone: 07912 513876
Contact Agent
Listing Statistics
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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.
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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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