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Popular Hair Salon In Central Elgin High Street For Sale

Elgin, Moray, UK
Asking Price:
£280,000 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

Located on the bustling Batchen Street in the charming town of Elgin is LCTG Hair Salon; a long established and very popular hair salon that has been in business for over 25 years. With an excellent reputation this profitable business is presented for sale in immaculate condition throughout and offered in true walk-in fashion.

The subjects are situated on the bustling Batchen Street, where the pedestrianisation is due to be restored in the centre of Elgin. The surrounding area contains mainly ground floor retail shops occupied by high quality and truly unique, independent traders with residential or commercial usage on the upper floors. A range of high street shops, small retailers, cafes, restaurants, and leisure facilities are on offer in the vicinity. Much has been done in recent years to regenerate the town while the High Street retains many of its original buildings and cobbled streets. The property is also located within a Conservation Area.

Just a short walk from Elgin’s main high street and all local amenities on offer such as doctors, dentists, sporting facilities, post office and schools, with many in proximity of the property. Elgin itself is a lively and charming town housing around 24,000 people. Within the centre it has a variety of shops on offer to suit all needs. For those seeking further education, Elgin is also home to Moray Collage UHI which provides a range of courses for around 10,000 pupils. Elgin has a high level of tourists all year round looking to experience the local distilleries, castles, and world class golf courses. Connecting with bigger cities is made easy with transport links; the bus station and train station enabling easy access to Inverness and Aberdeen. The larger cities of Inverness and Aberdeen are within easy driving distance, being 38 miles and 64 miles respectively, both of which have airports and regular daily scheduled flights.

LCTG Hair Salon is a well-run and long-established business within the heart of Elgin. The business is a limited company that is owner operated and trades 6 days a week with a team of loyal staff. In operation since 1997, the ethos of LCTG is all about customer satisfaction and delivering an excellent level of customer service and provides a bespoke quality of services which has led to the business maintaining a stable customer base and excellent reputation. It benefits from year-round trade and enjoys strong repeat business with some clients having visited the salon regularly for many years

In total there are 5 full time stylists who work 40 hours per week. There are 3 part time stylists along with a part time receptionist and administrator. All staff undergo regular training and are at the forefront of leading innovations.

LCTG is also an SQA Approved Centre that has been offering SQA Level 2 and 3 in Hairdressing with the in-house team being qualified assessors and verifiers that maintain the highest standards.

LCTG are a Wella Salon and stockist with whom they have an excellent relationship and receive business and training support.

This is a very steady and profitable business. Full trading information will be provided only after formal viewings have taken place.

Offers over £280,000 are sought for the freehold. Fixtures, fittings, and goodwill of the business are included. Stock in addition at valuation.

Property Information

Property:

Freehold

Premises Details:

It is a traditional ground floor retail unit that has been tastefully refurbished to form a contemporary hair salon. The salon is located within a mid-terraced building and has a rear single-story projection. Entrance is via the main door from Batchen Street into the lower salon area. The front of the shop benefits from large full-length windows that allow natural light to flood the salon. There is a ramp up to the rear salon area which in turn provides access to the cloak room, toilets, and staff room. The total area is 99 sq m. There is a fire escape at the rear of the property.

In total there are 13 hair stations and 4 hair wash stations and 2 seated waiting areas.

The property has mains gas, electricity, water, and drainage.

The property is held on the Scottish equivalent of a freehold.

Business Operation

Years established:
25

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