Business for sale

Business description

Advent Business Sales are delighted to offer
for sale this highly profitable hair salon.
It has been trading for in excess of 40 years
with the current vendor at the helm for the
last 4½ years.
The owner has reluctantly decided to sell in
order to pursue a totally different business
venture with her husband.
The salon caters for the needs of older ladies
and provides cuts, sets, shampoo, colours and
perms.
The business is very busy and per square foot
is a very profitable business.
Customers are very regular and come from
the local area.
The vendor, who is the main stylist together
with two part time shampooists, staffs the
salon.
The reputation of the business is excellent.
In fact, all customers arrive by word of
mouth recommendation as no advertising is
conducted.
The vendor is prepared to conduct a detailed
hand over.
Stock at cost is in the region of £1500.
There is potential to increase takings and
profits further by advertising in a local
publication as well as in the church
magazine.
A new owner may also perhaps decide to
refurbish the salon.
Our client has indicated that she is willing
to consider reasonable offers.
We have viewed the accounts, which show a
net profit of £42,000 after the owner’s
wages of £4,800 per annum.
We feel that a purchaser will be hard pressed
to find such a profitable business operating
from the small premises, which also benefit
from very low overheads.
This is a very genuine sales due to family
circumstances and is an opportunity that
any serious hair stylist cannot turn away.