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Established Hair And Beauty Salon In Solihull For Sale

Solihull, West Midlands, UK
Asking Price:
£33,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Under £50K

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*The business comes complete with a tenanted 3 bed apartment and earns the current business owner £700 per month!!!

This is a very well established and highly regarded concern which enjoys all the considerable commercial advantages of a fantastic trading position among numerous other complementary outlets and with excellent access to Birmingham, Solihull and the M42 motorway (-j6) .

Operating from superbly fitted (recent refurbishment £20000) and prominent premises, the business is currently primarily equipped to the very highest industry specifications to undertake a full range of traditional and contemporary Hair Styling and Beauty Treatments.

“The business” also conducts a complementary retail operation of top of the range hair care products and would naturally furnish any enthusiastic purchaser with vast scope for continued growth, not least with regard to investment in additional staff, possible expansion into other areas of the highly diverse hair and beauty services and retail market and to operate extended hours in order to fully exploit year-round local demand.

*The business comes complete with a tenanted 3-bed apartment and earns the current business owner £700 per month!!!

The Salon would also greatly benefit from adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to introduction of online advertising, in order to improve upon the already high levels of turnover and profitability it has achieved since being established some 40 successful years with the aid of a small experienced and motivated team of 2 full-time and one part-timers who would be an asset to any purchaser and we would unreservedly recommend a viewing…

Financial Information: Current turnover is up to £1500 per week, with profits and huge scope to increase! 70%=Hair

Lease: -The premises are being offered with the benefit of an existing lease 4 years.

Rent The current rent stands at only £937 per month. (£700 is paid from the tenant in the apartment.)

Business Rates: We are advised that the Business Rates currently stand at Zero per annum.

Trading Hours – 5days only Sunday & Monday CLOSED;
Mon, Tues and Friday 09:00 – 17:00 Saturday 09.00-16.00

The Salon comes complete with a total of 3 workstations, 2 back wash basins., 3 wall-mounted hair dryers and a small waiting area to the front.

A separate beauty room for aesthetics is proving very popular, with advanced appointments for weeks in advance.( massages , eye brows , facialsand waxing )

The current split on turnover is approximately . 70/30 Hair and Beauty.

The premises also benefits from a Kitchen, Laundry area and toilet.

The owner is reluctantly selling the business due to ill health and has stated there is much potential to be realised for the new owner, such as nail and eye lash treatments, massages, facialsand more advanced aesthetic treatments.

The nearest beauty salon is approximately . 3 miles away!

Note: Library images may have been used for display purposes

Property Information

Property:

Leasehold

Lease Terms:

Has the benefit of a current 4 year lease with the opportunity if required of a new lease straight away

Leasehold Rent:

£11,500 per annum

Location:

Central location in a parade of shops , parking to frontage

Premises Details:

2 storey with tenant above in a flat .... pays £700 per month to Business Owner

Business Operation

Expansion Potential:

Consider longer opening hours , add different retail products and more marketing

Competition / Market:

No competition locally - 3 mile away

Reasons for selling:

Ill health

Trading hours:

4 days 9-5 pm closed Sunday and Monday

Employees:
Owner plus 2 full time stylists
Years established:
40

Other Information

Support & training:

Handover period guaranteed

Furniture / Fixtures value:
£20,000 - included in the asking price