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Long Established Hair Salon - Stockport For Sale

Stockport, Greater Manchester, UK
Asking Price:
£29,995 Furniture / Fixtures included
Turnover:
£37,705
Net Profit:
Available on request

Prime Town Centre Location
Accounts Available To Year End 31st July 2020
Annual Turnover £37,705
Gross Profit £35,326
Accounts Available After Viewing
Low Rent of £127 Per Week
Open Just 4 Days A Week
Currently Operating On Short Hours
Close To Large Multiples
Retirement Sale
New Lease To Be Negotiated
Free Parking
EPC - C

REF 6761 – Leasehold Hair Salon

Blacks Brokers are pleased to bring to the market this long established leasehold hair salon located on a busy main road in the town centre of Stockport.

INTRODUCTION

Ferns & Co has been trading on Castle Street for over thirty years. Our client established the business on the opposite side of this road in 1989 and due to expansion moved to the current premises in 2003. The business is well known and has a fantastic reputation in the area with a large base of regular customers and excellent reviews noted on Google. Much trade is generated by long standing customers that have been attending this salon for many years for a wash and set – this service is very much in demand as there are no other salons in the area offering this.

LOCATION

The business is positioned on a busy main road close to large multiples including Home Bargains and The Co-op as well as a range of independent retailers within this popular shopping parade. The area is well linked by the M60 with good public transport links and parking is available immediately outside and in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The lease will be fully negotiated upon sale of the business, it will run at a cost of £127 per week.

BUILDING LAYOUT AND DESIGN

Ferns & Co operates from the ground floor of a spacious, mid terraced property within a popular parade of shops. The business is well branded with large signage displayed above a fully glazed frontage. Inside, the main salon area is presented beautifully with neutral décor and four mirrored styling stations. There is a welcoming reception and waiting area and two back washes with three hood dryers. To the rear of the salon is a staff kitchen and toilet facilities. All areas are furnished with good quality equipment throughout.

STAFF

The business is currently operating with two members of staff in employment supporting our client working on a part time basis.

FINANCIAL DETAILS

Ferns & Co has traded solidly since opening and our client has secured a strong customer base. Accounts for year ending 31st July 2020 show annual turnover of £37,705 and a gross profit £35,326. Full financial details are available upon viewing. it is to be noted that the business is being run at a pace to suit the current owners requirements which leaves huge scope to extend the opening hours and days.

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 leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with the introduction of an online and social media presence along with the possibility of stocking a range of products. New opening hours and days would also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON & TUE: CLOSED
WED & THU: 09:00 - 14:30
FRI: 09:00 - 15:00
SAT: 08:30 - 13:00
SUN: CLOSED

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