Busy, Established Hair Salon in Yarm County Durham Up for Sale
Yarm, County Durham
- Status
FOR SALE
- Advert ID
628732
- Leasehold: £175,000 (Stock at valuation)
- Rent: £20,496 (£1,708 per month)
- Turnover: £267,000 (£5,135 per week)
- Profit: £57,000 (22% Profit margin)
Key Features
- Accounts Available
- Established Business
- High Turnover
- Prime Location
Business Details
Established busy Hair Salon on Yarm High street
The thriving hair salon located in the bustling town center of Yarm, County Durham, has been a well-established business for 20 years. With a prime position on the busy high street, the salon enjoys high visibility and significant foot traffic, thanks to its proximity to popular shops, cafes, and the picturesque historical surroundings. Ample parking nearby enhances its accessibility for both customers and staff.
I have owned this salon for 13 years and am considering retirement, making it an opportune moment to sell. The salon's solid establishment and experienced team provide a foundation for continued success under new ownership. All fixtures and fittings are included in the sale, ensuring a seamless transition for the buyer.
The business maintains a reasonable competition level in the area and continues to attract a steady customer base, being situated on a busy market town high street. Despite no recent increase in turnover, the current turnover is £267,000, with a profit margin of £57,000. The leasehold opportunity's asking price is available on request, with an annual rent of £20,496.
The salon has eight committed employees and a robust online presence. I am willing to provide training opportunities to the new owner to guarantee a smooth handover. The shop is adjacent to several retailers, further enhancing its attractive location within the central position of an affluent village.
Given its history, location, and established customer base, this business presents an excellent opportunity for an aspiring salon owner to step into a well-running operation. Financial accounts are available for interested parties, and overall, the business offers high turnover and a chance for sustainable growth.
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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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