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Well Established Hair Salon & Training Academy For Sale

Hereford, Herefordshire, UK
Asking Price:
£149,995
Turnover:
£184,126
Net Profit:
Available on request

Business
Please quote reference B06250

Hilton Smythe is delighted to present to the market Hereford Hair Salon & Academy.

This very large contemporary space offers hairdressing, barbering, beauty treatments as well as having an in-house training academy for 16 students.

Our client established the salon in 2008 and later moved to this new unit, investing in excess of £120,000 in the full transformation of the empty shell unit into a stunning multi-functional business opportunity.

The sale of the business includes -

Reception desk - Till, laptop storage unit, 4 display stands
Waiting area - Wall mounted TV, glass coffee table, 3 seater velvet sofa, 2 seater velvet sofa
Salon - 8 Wall mounted mirrors, 1 central double sided light up station, 10 styling chairs, 5 styling trolleys, 2 massage backwashes, 1 glass screen divider , 2 backwash stands ,Folding table
Training salon - 17 Mirror work stations, 14 styling chairs, 3 barber chairs, 1 bookcase, 17 styling trolleys, 2 backwashes, Glass divider screen, 2 climazones , 3 hood dryers, 2 steamers, 12 tripod stands, Folding table
Staff room - Washing machine, Tumble dryer, Microwave
Hallway - 1 Tall boy storage cupboard, Towel caddy, Facial steamer, Infrared stand, Spray tan tent & equipment
Classroom - 8x tables, 14 x chairs, 2x storage cupboards , Projector, White board , Office chair, Flip chart
Beauty room - 1 x beauty couch, 1x nail station, 1x trolley, 2x wax pots
Beauty Classroom - 4 x beauty couch, 2 x privacy screens, 2 x storage boxes, 1 x book case, 3x beauty trolleys , 3x stools, White board
Office - 2 Office desks, Filing cabinet, 3 office chairs

Our client is now looking to pass on the business due to family reasons and will be happy to offer a full business handover to any new owner.

It is clear to see from the photo images attached, the level of detail that has been invested including the purchase of bespoke furniture (costing £28,000) to complement the sleek interior.

The salon currently offers the following services/treatments -

Hair cutting, styling, perming & Olaplex treatments
Choice of half/full head colouring, cap highlights, ombre & balayage
Beauty treatment - including waxing, eyelash tints, manicures, facials & massages
Gents barbering

We are advised the salon attracts a very broad range of clients including a good mix of ladies/gents customers.

The academy currently offers the following courses -

Barbering - NVQ level 2
Beauty therapy -NVQ level 2
Hairdressing - NVQ level 2 & 3

** All courses are accredited by VTCT (a leading international body recognised in over 100 countries).

We are advised the sales are normally equally split between the hairdressing side and the courses run by the academy.

The salon comes with excellent customer reviews including 4.9/5 by Facebook customers and 4.4/ 5 through Google reviews.

Our client currently advertises on the following sites -

Own website
Instagram - 626 followers
Facebook - 2,730 followers
Thompsonlocal.com
Findglocal.com
Beautynailhairstations.com
Openinghours.guru

Our client has developed a young and creative team who all thrive in this top end salon environment. We recommend any new owner could further grow the business by adding any of the following -

Anti-wrinkle/Botox treatments
Lip fillers
Vitamin injections
Make-up training

Any new owner may also want to re-organise any of the first floor space to add further beauty rooms.

Very rarely do exciting salons with a training academy included come onto the open market in such a thriving city and we therefore strongly recommend early enquiry to avoid disappointment.

Location
Hereford Hair Salon & Academy occupies a much sought after trading position along Commercial Street within the centre of Hereford.

Commercial Street is the main pedestrianised shopping area within the heart of the city Hereford and as a result attracts a very high footfall.

Hereford is a very desirable town located in the centre of the Herefordshire county and positioned on the loop of the River Wye. The town is known for its golden stoned cathedral with its medieval Mapp Mundi and Chained Library. Hereford has become a very sought after place to both live and work and has established a very exciting restaurant scene.

Hereford County Hospital is located directly in front of the salon.

The town is accessed just off the A49 link road which connects directly to the nearby M50 motorway.

Nearest mainline station is Hereford, just 5 minutes’ walk from the salon.

The salon benefits from free customer parking to the rear of the salon, there are also 2 large pay and display car parks within 5 mins walk from the salon.

Premises
Ground Floor -

Client waiting area, reception desk & retail display shelving
Main salon
Large Training salon
Staffroom
Hallway

First Floor -

Classroom
Beauty room
Beauty classroom
Office

Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is £833 per month and has £0 rates payable.

Hours
The business hours are -

Monday – 9:00am – 9:00pm
Tuesday – 10:00am – 4:00pm
Wednesday – 10:00am – 4:00pm
Thursday – 9:00am – 6:00pm
Friday – 9:00am – 4:00pm
Saturday – 9:00am – 4:00pm
Sunday - Closed

Staff
We are advised that the business has 1 full-time and 3 part-time members of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £185,000, with an adjusted net profit in the region of £80,000. Full financials can be made available upon further request.

Please quote reference B06250

Property Information

Property:

Leasehold

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