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Inside Busy Shopping Centre
Previous Annual Turnover £104,000
Previous Gross Profit £99,840
Ill Health Forces Sale
Scope to Increase Opening Hours
EPC - D
REF 5669 – Hair & Beauty Salon
Blacks Brokers are proud to bring to the market this leasehold hair and beauty salon located in the much sought after and popular area of St Helens, Merseyside.
Blow has been trading at Lagrange Arcade Shopping Centre since 2015 and during that time it has firmly established itself within the local community, gaining a large and loyal customer base and a superb reputation. This salon was an addition to our clients other hair and beauty portfolio, with another salon based in Golden Square Shopping Centre, Warrington that has been trading since 2013. See reference number 5670 for further information.
St Helens is an large and busy town in Merseyside, the area is well linked by the M62 and M57, with a large residential population in addition to many other businesses, shops and eateries. Lagrange Arcade Shopping Centre is in the town centre of St Helens, close to the A58 and sees a huge amount of local footfall on a daily basis in addition to many visitors to the area.
REASON FOR SALE
Blow is only being offered for sale due to ill health.
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 current lease is 5 years with rent reviews every 5 years. The current lease began in 2015 at a cost of £384 per week.
BUILDING LAYOUT AND DESIGN
Blow is housed within a spacious, two storey retail unit within this busy shopping mall. The business is well branded with glazed frontage and large signage displayed above. Inside, the main salon is very welcoming and well presented. The ten cutting stations are well placed and organised with 2 backwash stations to the rear of the space, with a comfortable seating area and sales desk with range of hair care products and accessories displayed at the front. In addition, there are two, beautifully presented, private treatment rooms, currently used for beauty treatments.
The first floor houses a large colour room, two additional stock rooms, toilet and staff kitchen. All areas are finished to a good standard.
Blow is currently operating with 4 self employed stylists, with more due to start in the coming weeks.
Financial details are available upon a viewing of the business and Blow has traded solidly over its trading history. The business previously generated an annual turnover of £104,000 with exceptional 96% gross profits. Rates payable are £20,000 per annum. Many customers are from the local area as one would expect, with some additional trade from town centre workers and visitors to the area.
This leasehold business offers an exciting opportunity for a new owner to acquire this well-established salon in a most impressive trading position. There is plenty of scope to develop Blow further with the introduction of late night opening and possibly Sunday opening. 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 and are welcomed by appointment only.
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