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Highly Established Hair Salon In Southsea, Portsmouth For Sale

Portsmouth, Hampshire, UK
Asking Price:
£150,000
Turnover:
£244,000
Net Profit:
Undisclosed

Key Features

• Established Hair Salon, opened 25 years ago, acquired by new owners, 10 years ago.

• Prime location, in Southsea pedestrianised, town centre street, with high footfall.

• Strong partnership with leading international hair product brand - REVLON

• Significantly refurbished, large modern contemporary salon – access to 3 floors

• Huge opportunity to expand revenues further.

BE my guest is a highly reputable, well-established hair salon with a legacy spanning 25 years.
• Situated in a busy pedestrianised Southsea town centre street, this salon enjoys an enviable, high-visibility location and what sets this business apart is its unwavering commitment to professionally delivering exceptional customer experience.
• BE my guest is part of The Good Salon Guide together with having an exclusive strong partnership with a leading premier luxury Professional Hairdressing brand REVLON.
• Through this partnership, the salon has been granted access to cutting-edge products, first-rate store displays, staff training of the highest calibre, and enticing incentives to showcase this luxurious brand. The array of services includes the ultimate in hair colouring, cutting and styling,
• The owners have spared no expense in transforming this leased retail space into a modern contemporary relaxing environment. The salon is situated on the ground floor having 15 stations and less than 50% of capacity is being utilised, with a spa area colour bar, reception and retail space to display products stocked.
• There are also expansion opportunities as the 1st floor is an empty beauty room for rental with customer toilets and the second floor has an office, staff room and toilets. Further growth can be attributed to expanding business hours, increasing staffing levels and establishing a training academy, supported by their partnership with REVLON. The biggest opportunity to double or triple turnover by increasing the use of workstations that are currently less than 50% used.
• The lease is due in December 2026 with the opportunity to extend it by another 10 years which may be discussed with serious buyers The annual rent stands at £18,000, with rates payable amounting to £2,120 annually.
Contact us today to learn more about this exciting business opportunity.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold