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Unisex Hair Salon In Birmingham For Sale

Birmingham, West Midlands
Asking Price:
£37,000
Turnover:
£66,247
Net Profit:
Available on request

Established, High reputation, Unisex Hair Salon in Prime Location

Transworld is proud to present this Established, High reputation, Unisex Hair Salon in a Prime location which offers a wide range of services to its loyal customer base. The business is open five days per week. This is a great opportunity to purchase a successful Hair and Beauty Salon. The salon has been well maintained and is in good condition and attractive throughout. The business has an excellent reputation in the local area.
The sale includes all fixtures and fittings and stock.

Property information

Location:

The Ground Floor premises occupy a space of 400 sq. ft
Main Salon is 7.25m x 3.4m inc reception area
Rear Waiting area 2.25m x 2.5m
There is also a kitchen, a W/C and a utility room containing washer dryers

Premises Details:

Transworld is proud to present this Established, High reputation, Unisex Hair Salon in a Prime location which offers a wide range of services to its loyal customer base. The business is open five days per week. This is a great opportunity to purchase a successful Hair and Beauty Salon. The salon has been well maintained and is in good condition and attractive throughout. The business has an excellent reputation in the local area.
The sale includes all fixtures and fittings and stock.

Business Operation

Expansion Potential:

Given the high population of residents close to the business there is still further opportunity to communicate the established brand to a new audience. Increasing customers by delivering a very clear digital marketing campaign which could include the development of a website combined with further effective use of social media.
You may decide to extend opening hours to attract additional customers.
In addition to extending the opening hours you may choose to increase the number of employees or rent one of the chairs.

Conclusions
The premises are situated in the centre of a highly populated area on a main road with significant passing traffic in a prime Birmingham location which has ample parking.

It is a very well established and reputable brand in the local area and has always benefited from repeat business. The business has been in existence for many years and during this time has built up a large clientele.

Given the right vision and energy the business has significant potential to grow.

The business has consistently delivered a good standard of owner earnings for many years.

Key Financial Information
Annual Turnover
£65,000

Competition / Market:

The premises are located on a main thoroughfare in a busy residential area North of Birmingham. The local area is packed full of independent stores, boutique shops and a cosmopolitan array of bars and eateries. It is a very busy affluent residential area with excellent schools and facilities. The owner has been running the business for the last sixteen years. The business offers a wide range of Ladies and Gents Hairdressing services.

The main salon is over 375sqft in size. Parking is available in front of the salon

The Purchase of this debt free, established high reputation business comes complete with all fixtures, fittings and equipment.
Inventory at time of sale
The reputation of the business leaves you well placed to grow the business to achieve your financial and creative objectives.

The main hairdressing salon includes:
4 Hairdressing stations, 2 wash stations, a separate drying area and a comfortable reception and waiting area.

The owner of the business wishes to retire

Current Rent is £625 PCM

Rates £ Zero

The current lease is due for renewal – the current owner is in discussion with the Landlord and anticipates no problems.

In addition to the owner of the business there are two employees in place. One employee works 36 hours per week and has been with the business for over two years the other works 21 hours per week and has been with the business for 10 years.

The business uses established suppliers.

Trading Hours

The business opening hours are:

Monday 9am to 5pm
Tuesday Closed
Wednesday 9am to 8pm
Thursday 9am to 5pm
Friday 9am to 5pm
Saturday 8am to 4pm
Sunday Closed

Reasons for selling:

retiring

Trading hours:

Monday 9 to 5 Wednesday 9 to 8 Thursday Friday 9 to 5 Saturday 9 to 4

Employees:
2
Years established:
2002

Other Information

Support & training:

4 weeks

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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