Leasehold Hair Salon
Location England
Asking Price Range < $250K
Gross Revenues $42172
Net Profit / Cash Flow $18540
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1995
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description Leasehold hair salon is asking for œ50,000. Advent Business Sales are delighted to offer to the open market this established and successful salon. Established 13 years ago by the vendor it is now reluctantly offered for sale due to the vendors increasing other commitments. The salon is decorated to a high standard and includes 4 work stations, 2 wash stations, reception and a seating area for customers who are waiting. This is a popular and established salon with a large amount of repeat customers as the salon is not advertised currently. There is also a successful retail side of the business as the salon is currently the only stockists for Tigi products in the area. We are advised by the vendor that she is willing to work part time if required after completion of the sale and also is willing to offer a hand over period to be negotiated.
EXPANSION POTENTIAL - The salon does not currently offer evening opening due to the vendors other commitments and this offers excellent potential for further growth and expansion including extending the opening hours, advertising locally and possibly increasing the retail lines.
PREMISES - An attractive glass fronted salon consisting of the following: Ground Floor - Entrance door leading to reception desk and seating area for clients with leather sofa. 4 solid wood work stations and 2 wash stations. Decorated in neutral colours. Wooden retail display area. Door leading to kitchen. W/C. Access to rear yard. External. Outbuilding with washing machine and tumble dryer. Yard with car parking space for approximately 2 vehicles. Paved to road at front.
TENURE - Leasehold. Current Lease: 3 years. Lease Remaining: 2.5 years. Review every: 3 years. Rent: œ65.00 per week.
We are advised that the annual business rates are currently: œ660.50.
TRADING HOURS - Mon, Tues, Thurs & Fri: 9.00am - 5.00pm. Sat: 9.00am - 3.00pm. Wed & Sun: closed.
Contact for information on this Hair Salon for sale.
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