Business for sale

Business description

Advent Business Sales are delighted to offer
for sale this extremely well established and
thriving profitable unisex hair salon.
It was originated 15 years ago by the current
owner. He has now decided to emigrate.
Our client has achieved an enviable local
reputation, which has spread further a field.
This has resulted due to the vast number of
university students using the salon during
term time.
The salon is a favourite for young
professionals.
The salon retails hair products from Matrix,
Fudge, L’oriel and Wella.
Although 85% of income is derived from hair
cuts, 15% of income is derived from men’s
waxing, facials and threading.
The business is staffed by the two owner
vendors (both of whom are stylists), four
stylists and three juniors.
There is ample scope to build upon the solid
and profitable foundations. In particular,
offering more beauty treatments and catering
perhaps for the Afro Caribbean market.
There is scope to rent the first floor, which
consists of 4 rooms at £500 per week. The
area would suit a massage therapies, and
health and beauty treatments.
A nail station or several could be
accommodated within the main ground floor
salon.
TRADING HOURS
Mon-Wed: 10am – 6pm
Thurs-Fri: 10am – 7pm
Sat: 10am – 6pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £4,000
Gross Profit: 90%
Net Profit: £60,000 per
annum
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A highly visible and prominent corner
trading position a ground floor lock up unit,
which briefly consists of:
Ground Floor

Two large corner windows

8 work stations

2 back washes

5 seat waiting area

Spacious salon

6 computer screens linked to a music
system

The premises have been well
maintained
TENURE: Leasehold
Original lease: 3 years
Remaining lease: 3 years
Review every: 3 years
Rent: TBC
We are advised that the annual business
rates are currently: TBC
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.