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Established Hair Salon - Stoke-On-Trent For Sale

Stoke-On-Trent, Staffordshire, UK
Asking Price:
£49,950 Furniture / Fixtures included
Turnover:
£97,346
Net Profit:
Available on request

Town Centre Trading Position
Accounts Available Year End 30th September 2020
Annual Turnover £97,346
Gross Profit £43,717
Accounts Available After Viewing
Management In Place
Beautifully Presented
Seven Styling Stations
Three Backwashes
Excellent Online Reviews
Strong Social Media Following
Scope To Expand Services Offered
Potential To Rent Out Chairs
EPC – D

REF 7513 – Leasehold Hair Salon

Blacks Brokers are pleased to bring to the market this leasehold hair salon located in Alsager, Stoke-on-Trent.

INTRODUCTION

Johnston Brady was established by our client in this affluent and bustling area of Alsager in 2011. The salon offers cutting edge hair service and styling and is very well known in this area with has a strong base of regular customers in place. It also benefits from a good amount of passing trade due to this excellent trading position and many word of mouth recommendations. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Johnston Brady has a comprehensive website in place and a good social media following.

LOCATION

Johnston Brady occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Costa Coffee and The Post Office. There are also a number of car parks and other local amenities nearby. The area is well linked by the M6 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is currently managed by staff and is therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new five year lease is available and this will run at a cost of £183 per week.

STAFF

The business operates with four members of self employed staff, this includes one manager.

FINANCIAL DETAILS

Johnston Brady has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th September 2020 show annual turnover of £97,346 and gross profit of £43,717. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This beautifully presented, well established business occupies an enviable trading position in a highly sought after area of Alsager. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours to include more late nights. A new owner operator could be very beneficial to this salon, however it could also suit another owner looking to manage remotely alongside other business interests. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON: CLOSED
TUE & WED: 09:00 - 17:30
THU: 09:00 - 19:00
FRI: 09:00 - 17:30
SAT: 08:00 - 16:00
SUN: CLOSED

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