Hair Salon Est 13 Years
Business for sale
Asking Price:
£50,000
Turnover:
£42,172
Annual profit:
£18,540
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
13
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
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 custom 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.
General Information
Trading hours:5 Days a Week
Property:Leasehold
Lease terms:TENURE: Leasehold Current Lease: 3 years Lease Remaining: 2.5 Years Review every: 3 years Rent: £65.00 per week We are advised that the annual business rates are currently: £660.50
Living accomodation:BUSINESS 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 - 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
Location:The salon occupies a prominent high street location in a densely populated residential area to the South of Leicester.
There is a high level of both footfall and passing vehicular traffic and excellent parking facilities including on street parking, free shoppers parking and 2 parking spaces for staff at the rear of the premises.
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.
