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Beauty And Hair Salon In Great Barr For Sale

Great Barr, West Midlands
Asking Price:
£24,950 Furniture / Fixtures and Inventory / Stock included
Turnover:
Under £50K
Net Profit:
Under £50K

City Business Brokers is pleased to bring to the market this recently refurbished Hair, Nail and Beauty business in Great Barr, Birmingham. Established for over 6 years the business is located in a prominent position on a main road, with parking to the front for 3- 4 cars. The location is ideal for passing trade but also enjoys a position next to similar businesses which helps to increase footfall and also has a large housing estate behind which provides a regular client base.

The business has an average turnover with reasonable profits and has developed a strong reputation for friendly service, competitive prices and professional approach with 5* reviews through its Facebook page.

There are 3 work stations, 1 wash station, and 1 nail bar together with 2 treatment rooms offering spray tans, infrared sauna and massage facilities as well as a range of other beauty treatments.

The business comes complete with a range of beauty equipment including a DermaCo Pro IPL machine, which is valued at £7,000 all of which is included in the sale price making this an incredibly good buy.

Currently this business is underutilised due to the owners other commitments and there is opportunity to increase the turnover through additional chair rental, extending opening hours and other media promotions. To fully realise the potential and maximise profits this business definitely needs to be owner run, hence this would suit a qualified Hairdresser or beautician wishing to make their first step in to running their own Salon.

Rental is £10,500 annually, however there is an additional revenue from the subletting of the upstairs apartment to an established tenant which generates £5,580 annually. Currently there is a flexible lease arrangement in place with the landlord, however a new lease is also available.

Property information

Property:

Leasehold

Location:

Main road between Great Barr & King Standing areas of Birmingham

Premises Details:

Two storey with accommodation

Business Operation

Expansion Potential:

Expand into all areas of beauty - ie Cosmetic Care , Spa and Tanning

Reasons for selling:

semi retirement

Contact Information

    1. Your Address

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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