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Established Since 2013
Annual Turnover £80,000
Gross Profit 90%
Rental Income £5,400
Rent £150 Per Week
EPC - B
REF 5827 – Leasehold Hair & Beauty Salon
Blacks Brokers are proud to bring to the market this leasehold hair and beauty salon located in a busy and much sought-after area of Little Hulton, Greater Manchester.
Me Time has been trading on Manchester Road, Little Hulton since 2013 when our client took ownership of the business and re-branded. In this time, the business has firmly established itself within the local community, it has gained a large and loyal customer base and a superb reputation, offering hair and beauty services including nail services, tanning and spray tanning and make up.
Situated on the A6, this trading position brings a huge amount of custom both locally and from passers-by. The area is a good mix of both residential and commercial properties with good links to the local motorway and strong public transport links.
REASON FOR SALE
Me Time is only being offered for sale due to our client’s family commitments.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 5 years with rent reviews every 3 years. The current lease began in March 2013 at a cost of £7,950 per annum.
BUILDING LAYOUT AND DESIGN
Me Time is housed within a deceptively spacious, semi-detached property with a well presented and branded double frontage complete with signage and advertising in place. Inside, there are five separate areas used for different treatments and services. The main salon area is modern and light with classic décor and wooden flooring throughout. There are three nail stations, a waxing station, 3 hairdressers stations, reception area- desk and couch. To the rear of the space is a kitchenette, 5 separate rooms, 2 rooms for sunbeds, a room for make up, a room for pedicure treatments and a spray tan room. Additionally, there is a customer waiting area with comfortable seating and reception desk. On the first floor are two separate treatment rooms. Room one is a spa room with sink used for massage and holistic treatments, room 2 is a clinical room also with sink. Upstairs has a bathroom with sink and wc. Each area is presented beautifully with thoughtful attention to detail and high-quality fixtures, fittings and equipment in place.
Me Time is currently operating with two beauticians, one hair stylist and our client working on a full-time basis.
Financial details are available upon a viewing of the business and Me Time has traded solidly over its trading history. The business generates an annual turnover of £80,000 with 90% gross profits and this is including the rental income from the hair stylists chair rental.
This leasehold business offers a new owner a superb opportunity to acquire a well-known and long-established salon offering a mix of both hair and beauty services. It delivers impressive weekly takings from both income streams. There is plenty of scope to develop the business further with more staff and longer opening, possibly even the introduction of more beauty services and wedding and prom packages. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Sun & Mon - Closed
Tue & Wed - 9am - 8pm
Thu - 9am - 9pm
Fri - 9am - 7pm
Sat - 9am - 3pm
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