This is an excellently presented, successful unisex hair salon, in a prime location. Serious consideration should be given to this opportunity as high sales salons, in sought after locations such as this, rarely come on to the market.
THE BUSINESS & PROPERTY DETAILS:
Location: Central Avenue, West Bridgford; one of Nottingham's most bustling high streets. West Bridgford is an affluent area with a thriving town centre. This area is highly sought after and densely populated. This salon has very limited competition within the immediate vicinity.
The Business: This well-established and respected salon boasts a fantastic clientele base of almost 9,000. It is beautifully presented and strives to give the highest quality experience for every customer. These premises have been a hair salon for over 100 years, with the current owner operating since 2015. Competition is very limited, as there is just one other hair salon along this main road.
Ground Floor Layout: has 9 workstations plus a backwash area with 3 basins, a kitchen & staff room, store room, and a private parking space at the rear of the salon. The lovely, traditional frontage offers 2 entrances. Currently only 1 is being utilised. However, this offers potential for 2 separate businesses to operate from these premises.
The first floor offers five additional rooms, the largest of which is used for clients having colours. This spacious salon consists of 6 workstations, 2 backwashes and a colour bar. A smaller room is used to offer brow treatments (this is an additional service offered in-house, with no advertising).
Growth Potential:
● Sub-let the unused rooms. Previously, three of these first-floor rooms were sub-let at a rent of £15,000pa. The tenant offered complimentary services such as beauty treatments plus a nail bar.
● Utilise the unused space to expand. Employ more hairdressers and/or a team to offer ‘add-on’ services.
● Utilise social media to promote the salon. Build upon the retail sales (currently around 10% of total revenue).
● Increase the opening hours. The location lends itself to opening on Mondays & Sundays, due to the high foot fall and limited competition.
Stock. Estimated at £3,000 to £5,000, to be taken at valuation.
Trading Hours. Tuesday 9.30pm – 8:00pm, Wednesday 9:00am – 5.30pm, Thursday 9.30 – 8:00pm, Friday 9:00am - 6.30pm, Saturday 8.30am - 5:00pm Closed on Sunday and Monday.
Staff. 14 staff members including owner working on average 30 hours per week (including 2 apprentices and 1 front of house).
Tenure: Leasehold.
VIEWING is strictly by prior appointment through Ellis & Ellis, the agent. On No Account contact either the vendor or any of the staff direct.
SUBJECT TO CONTRACT
For the full sales details please complete the enquiry form.
