Leasehold Hairdressers In Historic Herefordshire Market Town For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £50,000 pa with a net profit of £9,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- A concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Ladies and Gents Hairdressing.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Hairdressers which has been established since 2001. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to family commitments.

Services
This very good business opportunity provides Ladies and Gents Hairdressing.

Staffing
The concern employs 1 full-time member of staff. The wages are £7,020.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
As far as competition is concerned there are five other similar business within this busy town centre area.

Market
The client base consists mainly of local residents.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday trading.
• Increasing the services to include beauty treatments.
• Increase the staffing levels to improve the volume of business.
• With the introduction of a website.
• .

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The current lease is on a rolling agreement. The rent is £5,220 pa. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge

Leasehold rent:

£5,220 per annum

Location:

- Situated in the Town Centre area of Bromyard in Herefordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A44, A465 and M5.
- Hereford, Worcester, The Malverns and Droitwich all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area

Premises details:

The property is terraced, part of a parade of shops and is approximately 400 sq ft. The front is branded with an attractive glass front. The main customer service area is vinyl. It is very well presented and is very conveniently laid out.

To the rear is a store room. There is a toilet and staff facilities

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday trading.
• Increasing the services to include beauty treatments.
• Increase the staffing levels to improve the volume of business.
• With the introduction of a website.

Competition / Market:

As far as competition is concerned there are five other similar business within this busy town centre area

Reasons for selling:

family commitments

Trading hours:

Tuesday to Saturday: 9.15am – 6pm
Sunday and Monday: Closed

Employees:

The concern employs 1 full-time member of staff. The wages are £7,020

Years established:

3 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£500