Hair and beauty salon for sale in Coventry West Midlands with trained staff and expansion potential
Coventry, West Midlands
- Status
FOR SALE
- Advert ID
646832
- Leasehold: £50,000
- Rent: £119,600 (£9,967 per month)
- Turnover: £119,600 (£2,300 per week)
- Profit: £50,000 (42% Profit margin)
Key Features
- Additional space for aesthetics
Business Details
Hair & Beauty Salon for sale in Coventry West Midlands
Introducing a fantastic opportunity to acquire a modern and stylish hair salon that is now available for sale. This well-established salon boasts an inviting interior design, enhanced by ample natural light, creating a welcoming atmosphere for both clients and staff. Equipped with professional hair styling stations and comfortable seating, the salon is well-prepared to provide a comprehensive range of hair and beauty services.
The salon enjoys a loyal customer base and has demonstrated strong potential for growth, making it an attractive investment for aspiring entrepreneurs. Situated in a vibrant area, the salon benefits from nearby amenities, including shops, restaurants, and public services that further draw in clientele.
Key Features and Financials
The leasehold is priced at £50,000, while the current turnover stands at £119,600. The business operates with a solid profit margin of £50,000, and all stock is included in the sale. Additionally, the annual rent for the premises is £119,600.
Operational Insights
Currently, the salon employs three dedicated staff members, ensuring that operations run smoothly. Although the business does not have an existing online presence, there is significant room for growth in this area. The current owner is willing to offer training opportunities to the new owners, helping them to seamlessly transition into managing this successful establishment.
Potential for Expansion
One of the standout features of this salon is the additional space available for aesthetics, allowing new owners to diversify their services and attract a wider clientele. This potential for expansion further enhances the appeal of this salon, making it a promising venture for anyone looking to enter the beauty industry.
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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.
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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.
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.
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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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