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Highly Profitable Long Established Leasehold Hair Salon Kent For Sale

Whitstable, Kent, UK
Asking Price:
£39,995
Turnover:
£100K - £200K
Net Profit:
£18,000

The Opportunity
ETS Corporate are pleased to place on the market this very well-presented lease hair salon. The business was started by the Owners in October 2007. It has grown from strength to strength and is one of the premier salons in the area. They are now looking to retire. They have another salon in another area (Sittingbourne) and have owned hairdressing businesses since 1973.
There are two directors, Paul, and Anita Stevens both having 50% shares each. Their business model has always been to deliver a very high level of service. Most of their employees have been trained in house and the business is fully staffed operated and managed. The team undertake all client appointments and the day-to-day operations. Currently they have three stylists, and two assistants.
Location
The business is located on one of the main streets into and out of Whitstable. Parking is found in the free car park only 200 yards away as well as other car parks close by. Business comes mainly from passing trade, residents, and clients within a 20-mile radius.
Whitstable itself is a popular seaside town and the Salon is close to the local bus stop.
ETS Corporate | 2 Hinksey Court, Church Way, Oxford, OX2 9JU | www.ets-corporate.com T: 01865 819 865 | M: 07912 513876 | [email protected]
Website
www.cloudninehairgroup.co.uk
Business Details
ETS Corporate are pleased to place on the market this very well-presented lease hair salon. The business was started by the Owners in October 2007. It has grown from strength to strength and is one of the premier salons in the area. They are now looking to retire. They have another salon in another area (Sittingbourne) and have owned hairdressing businesses since 1973.
There are two directors, Paul, and Anita Stevens both having 50% shares each. Their business model has always been to deliver a very high level of service. Most of their employees have been trained in house and the business is fully staffed operated and managed. The team undertake all client appointments and the day-to-day operations. Currently they have three stylists, and two assistants.
The Unique Selling Points of the business are:
• One of the Premier salons locally
• High level of staff training
• Top quality customer service
• All the team are employed by the business
• Established within the hairdressing industry since 1973
• Fully staff operated and managed
Products and Services
The business provides a full range of hairdressing including:
• Men’s and ladies’ hair
• Free Consultations
• Hair washing and hair treatments
• Cutting
• Hair colouring
• Blow-dry
• Long hair work
• Bridal hair
• Setting
• Smoothing and conditioning treatments
• Paul Mitchell colour.
ETS Corporate | 2 Hinksey Court, Church Way, Oxford, OX2 9JU | www.ets-corporate.com
T: 01865 819 865 | M: 07912 513876 | [email protected] 2

• Balayage
• Lightening hair
• Toning hair
• Highlighting
• Home care products
• Olaplex treatments
The following retails products are offered:
• Paul Mitchell
• Olaplex Trading Hours
Monday – Wednesday and Friday 9 am – 5.30 pm Thursday 9 am – 8 pm
Saturday 9 am – 5. 00 pm
Sunday Closed
Financial Details
Y/E 31st July 2016 2017 2018 2019 2020
Turnover. 127,750. 138,684. 144,106. 131,478. 88,138*
SDE*. 21,981. 12,761. 16,021. 16,967. 16,913
*Sellers discretionary earnings

Property Details

A full description of the property and valuation report are available upon signing of NDA.
To the front of the premises there are 3 large windows, one side window and a doorway
On the ground floor, there is a sales area which is approx. 22 ft x 28 ft with a depth of 616 sq ft. It is fitted with 3 backwashes and 8/9 workstations and has a colour bar and reception desk. It is air-conditioned and alarmed.
To the rear, there is a kitchen, toilet and storage area which is 159 sq ft.

ETS Corporate | 2 Hinksey Court, Church Way, Oxford, OX2 9JU | www.ets-corporate.com
T: 01865 819 865 | M: 07912 513876 | [email protected]

A video of the premises is available at https://youtu.be/cHPnmwvqT80

Tenure

The building is leased by the company on a 7-year lease. There is now a new lease available. The present rent is £15,240 although it is anticipated that it might be increased for a new owner. There is no ground rent or maintenance charge.

Ref No: 13427

Property Information

Property:

Leasehold

Lease Terms:

The building is leased by the company on a 7-year lease. There is now a new lease available. The present rent is £15,240 although it is anticipated that it might be increased for a new owner. There is no ground rent or maintenance charge.

Leasehold Rent:

£15,240 per annum

Location:

The business is located on one of the main streets into and out of Whitstable. Parking is found in the free car park only 200 yards away as well as other car parks close by. Business comes mainly from passing trade, residents, and clients within a 20-mile radius.
Whitstable itself is a popular seaside town and the Salon is close to the local bus stop.

Premises Details:

A full description of the property and valuation report are available upon signing of NDA.
To the front of the premises there are 3 large windows, one side window and a doorway
On the ground floor, there is a sales area which is approx. 22 ft x 28 ft with a depth of 616 sq ft. It is fitted with 3 backwashes and 8/9 workstations and has a colour bar and reception desk. It is air conditioned and alarmed.
To the rear, there is a kitchen, toilet and storage area which is 159 sq ft.

A video of the premises is available at https://youtu.be/cHPnmwvqT80

Business Operation

Reasons for selling:

Retirement.

Trading hours:

Monday – Wednesday and Friday 9 am – 5.30 pm Thursday 9 am – 8 pm
Saturday 9 am – 5. 00 pm
Sunday Closed

Employees:
5
Years established:
13

Other Information

Website:
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