CQ148 -Established Hair and Beauty Salon Business with Two Unique Premises
Business for sale
Asking Price:
£285,000
Turnover:
£225,000
Annual profit:
£25,000
Audited accounts:
Yes
Management accounts:
Yes
Business description
This well regarded Beauty and Hair Salon business was established in 1999 after the vendor spent many successful years in the business from apprenticeship. She quickly built a brand name a for quality and service at the main site, offering hair dressing on the ground floor, with a range of beauty therapies on the upper floors. After many years building a loyal client base, the vendor expanded in 2005 by purchasing a well appointed 2nd unit within a couple of miles to focus on hairdressing. The 2nd premises had previously been trading for many years under the ownership of a husband and wife couple. After the purchase, the vendor brought in her fresh, modern brand image and level of professional service demanded by the local customers. This dedication has seen both businesses go from strength to strength, with a high level of turnover and profitability achieved at each site.The Beauty Salon has 4 fully equipped beauty rooms on the upper floors to offer a full range of therapies including facials, massage, spray tan and non-surgical facelifts. The Salon is an approved supplier of some high-profile exclusive products and treatments from companies such as Dermalogica, Redken, Heyland and Whittle, Jane Iredale and Fake Bake. These products bring in discerning clientele from across London and Kent searching out the specific techniques and therapies. The business is also in the enviable position of being able to offer these brands via the corporate website which has a full e-commerce online ordering system.
On the ground floor of the hair and beauty salon there are 6 cutting stations and 2 washbasins, which offers the business a great capacity and atmosphere for customers. There is an overflow area upstairs for hairdressing with a further 2 washbasins and 6 cutting stations. This allows the business a great deal of flexibility in their capacity without affecting the overall overheads.
At the second premises, which is primarily trading as a hairdressers under the same brand name, there are 8 cutting stations and 2 washbasins on the ground floor studio. The business as a group has built a large and loyal base of customers, mostly affluent professional ladies in the surround areas, who are targeted by the branded products and therapies on offer. At the higher end of the market there is minimal direct competition locally for the salons, with the nearest Salons able to offer the same level of service in the City. The business has built on the fact that they can offer top service at competitive prices closer to home.
Employee details
Fulltime staff:
9
Parttime staff:
1
