Hair and beauty salon and academy for sale in West Bromwich, family commitments prompt sale.
West Bromwich, West Midlands
- Status
FOR SALE
- Advert ID
647964
- Reference
B09492 / Rightbiz
- Call Agent:
- Leasehold: £49,999
- Turnover: £40,000 (£769 per week)
- Profit: £28,000 (70% Profit margin)
Business Details
Beauty with Built In Potential – Established Salon and Academy Opportunity
BusinessPlease quote reference B09492
CoGoGo is delighted to bring to the market STARS HAIR & BEAUTY Salon and Academy, an appealing salon opportunity occupying a visible position on Bromford Lane in West Bromwich.
The business trades as both a hair and beauty salon and an academy, giving buyers the benefit of multiple service angles and future training-led growth potential. Online information also highlights a strong customer response, with a high review score and positive feedback around service quality and atmosphere.
The business has been owned by our client for around 10 months and is now being offered for sale due to family commitments. This is a well-positioned opportunity that would suit an owner-operator or industry professional looking to build on the existing brand presence, local reputation and academy concept.
Interested parties are encouraged to get in touch with CoGoGo.
Location
The business occupies a prominent roadside position at 117 Bromford Lane, West Bromwich, providing local visibility and convenient access within a well-populated trading area.
Premises
The premises operate as a smart hair and beauty salon with academy appeal, offering an inviting environment suited to treatments, client appointments and future training use. The setup lends itself well to continued salon trading while also supporting added educational or course-based income streams.
Tenure
We are advised that the business is being sold on a leasehold basis, with current rent of £650 per calendar month, rising shortly to £700 per calendar month.
Hours
The current operating hours are:
Monday to Saturday: 10:00 am to 6:00 pm
Sunday: 10:00 am to 4:00 pm
Staff
Run by the owner with support as required.
Financial Profile
We are advised that the business generates a turnover of £40,000, with a net profit of £28,000.
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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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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.
Be safe, use a Rightbiz Solicitor
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