Business for sale

Business description

Advent Business Sales have been instructed to offer for sale this highly desirable salon.

The salon has been established for the last 26 years and was part of a chain of 10 shops. Due to other business interest, the vendor has decided to sell them all and this is the last one he has put up for sale because it was the most profitable.

This substantial salon has 17 workstations and 5 back washes. There is also a beauty room, nail bar and teeth whitening area which are all rented.

Staff include:
• 11 stylists
• 1 part time (3 days)
• 2 part time (4 days)
• a cleaner
• 2 receptionists (1 full time, 1 part time).

There is a separate laundry room, toilets, staff room, small kitchen, an office and an extra room which could be rented or used. There is also a separate dispenser room used solely for making colours.

The business has a very healthy database of customers and has excellent takings and a high gross profit.The premises has just been completely redecorated which will include all new paving outside the salon plus the car park is being re tarmaced.

All equipment in the salon is included in the sale of the business.
General Information
Years established:26 Years
Trading hours:Mon: closed
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 20 years Remaining lease: 14 years Review every: 4 years Rent: £24,000 We are advised that the annual business rates are currently: TBC
Living accomodation:BUSINESS PREMISES Ground Floor . Main salon . Teeth whitening room . Beauty room . Laundry room . Preparation room . Staff lockers . Office . Kitchen . Staff room . 2 x toilets External . Car park to rear allowing parking for up to 20 cars.
Location:Our client is situated on a busy main road and benefits from a double shop front which makes the business highly visible. There is plenty of off street parking and a separate car park to the rear of the shop.

Situated in a densely populated area, the salon has a constant stream of customers, one would be pushed to find a more desirable location, just 5 minutes from the M6, the area is a very affluent part of Birmingham.