Vision hairdressing
Reference number: 13430
Address: 12d Packhorse Road, Gerrards Cross, Bucks SL97QE
The Opportunity
ETS Corporate are pleased to place on the market this very well-presented lease hair salon. The business was started by the Owner in October 2000. It has grown from strength to strength and is one of the premier salons in the area. He is now looking to retire.
The business is operated by 4 staff along with the owner working full time. The Salon is in an excellent location within the affluent area of Gerrards Cross. The salon has a lot of potential. The 2022 accounts showed a turnover in excess of £168,000 with an operating profit of £21,913.
Location
The business has a High Street location and is opposite 2 Public car parks and close to residential streets. Clients are mostly from within a 10-mile radius. It benefits from
• High Street location
• Modern premises
• Good position near car park.
• Nearby businesses include coffee shops, restaurants, jewellers, gift shops, and other high- end retail.
• Hotels in the immediate area.
• Offices and professional services nearby.
Business Details
The business was established around October 2000 and the Owner now wishes to retire.
The business has 4 staff, as well as the Owner working hands on full time. He is available to stay on in the business for a while if required and would be open to a discussion.
The Unique Selling Points of the business are:
• Attractive, modern salon
• Great atmosphere
• Highly skilled staff
• Good location
• Well established
Products and Services
The following services are provided:
• Ladies cut and blow dry services
• Men’s cut and blow dry/Male grooming
• Children’s hair
• Special occasion and party hair
• Braiding, hair up, curling
• Bridal hair
• Straightening and smoothing
• Hair extensions
• A comprehensive technical department offering all aspects of colouring including tinting, highlighting, Balyage and Ombre
• Treatments
• Permanent wave
Their main retail product range is La Biosthetique. They also stock L’anza products and some GHD electrical goods.
• La Biosthetique and L’anza provide a full range of retail products for hair and scalp including shampoos, conditioners, styling products, hair sprays. This also includes a range for men.
• GHD provide straighteners and hair dryers
Trading Hours
Monday – Friday: 9am-6pm (first appointment 9am last appointment 5pm)
Saturday: 8.30am – 5.50pm (first appointment 8.30am last appointment 4.30pm)
Sunday: Closed
Scope For Development
• They are currently in the process of becoming a La Biosthetique concept salon. By developing this area of the business, it will enable them to offer more services to their customers, introducing additional skin care and beauty products for retail sale.
• They are also developing their hair extension service for customers suffering hair loss or requiring more volume and length to their hair.
• Additional staff training is being undertaken and this will be available in the salon from August.
• There is capacity within the salon to increase the number of staff. (Due to Covid 19 they have been cautious regarding staffing levels)
• Social media and enhancing the website offer good potential.
Financial Details
Y/E31st March 2018 2019 2020 2021* 2022
Turnover 233,906 235,658 199,835 80,084 168,997
Op Profit 26,806 8,449 16,307 -50,082 21,913
Addbacks
Depreciation 3,931 8,499 299 224 608
Interest 2,789 4,032 3,324 1,820 1,524
EBITDA 33,526 16,948 16,606 - 37,812
*Earnings affected by COVID
Property Details
A full description of the property and valuation report are available upon signing of NDA.
Ground floor
• Double fronted with glass door and large floor to ceiling windows, opening onto wide pavement area
• Salon with reception and waiting area; technical area (4 workstations); hair styling area (6 workstations); backwash with 3 chairs.
• Toilet to the rear of the salon
• Staffroom with seating and kitchen.
• Technical preparation area.
• Laundry area with washing machine and tumble dryer. Boiler room/storage.
• Rear door leading to private car park.
• There are 10 workstations.
A video of the premises is available at
Tenure
The business has signed a 10-year lease for the premises of which there are 6 months left with an option to renew. The rent is £25,000 pa.
Ref No: 13430
Price: Leasehold £34,995 plus fixtures and fittings, equipment and stock
Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
