Business for sale

Business description

Established by the current Owner in 1989, following a career in own label retail development with one of the world’s leading hair cosmetics and fragrances companies, this business has rapidly grown to become one of the leading independents in the haircare sector having developed its own unique brand of hair care and styling products.

Launched less than five years ago and aimed specifically at the 18 – 25 target age group this range of products has been developed in conjunction with some of the top stylists in the UK, using some of the best research and development resources. The formulations which have been tried and testd in this business’s own in-house salon for many months prior to launch have been built upon a very sound salon heritage and consequently this product range is considered to include some of the best haircare products on the market. The product range covers all aspects of haircare including shampoos and conditioning, de-toxing and cleansing, de-tangling, straightening, styling and frizz control products. Upbeat, fresh, exciting and enjoyable to use – the brand has a decidedly fashionable, young, edgy image.

This premium brand is currently listed with all of the major national retailers including Tesco, Asda, Waitrose, Superdrug Moss Pharmacy, Unichem Alliance Wholesale and John Lewis, numerous independent regional chains throughout the UK, the Channel Islands and the Republic of Ireland as well as hundreds of independent retail outlets nationwide. Morrisons supermarket chain are also expected to list the range in the near future. Selling at an higher than average price point and affording retailer margins at 50%, this brand is selling in large volumes. Customer loyalty is very high with this business constantly receiving strong testimonials from satisfied customers.

This is a very profitable business. Turnover has grown significantly for every one of the last five years since the launch of this brand. With turnover for the year ending December 2005 in excess of £650,000 with gross margins of approximately £240,000, this represents a signficant opportunity to acquire a leading haircare brand with ready made listings in all relevant major retail outlets