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Well Established Hair Salon For Sale

Teignmouth, Devon, UK
Asking Price:
£69,950
Turnover:
£111,522
Net Profit:
Available on request

Business
Please quote reference B06279

Hilton Smythe is delighted to present to the market a large hair & beauty salon business, centrally located within the heart of a very desirable village. Hairazors was established by our clients over 17 years ago who after careful consideration have now decided to sell to pursue different business interests.

The ‘turn-key’ salon opportunity offers both hair and beauty services and is arranged over 2 recently refurbished floors. We are advised that our clients extended the business in 2010 to create a further 4 hairdressing stations and new beauty room.

The salon currently offers the following services -

Cut and style, restyle, blow dry, shampoo & set, cut & set
Gents dry cut, wash & cut, clipper cut
Childrens cuts
Perming
Conditioning treatments - luxury Paul Mitchell treatment and Ola plex
Colouring - includes full head tint, semi-permanent & regrowth tint, half & full head foils, full head fashion colouring

Our client advises they attract customers of all ages with 70% of sales from ladies’ cuts and 30% from gents.

Our clients had previously rented out the beauty room to a self-employed therapist who had offered facials, nails, massage etc.

Any new owner could either advertise someone new to rent the room or look to increase the beauty side of the business by employing new therapists.

Our clients admit they run the business to suit their needs now and carry out very little business advertising, current magazine exposure includes the local parish magazine and the local Regatta magazine.

As you can see from the business photos attached, the business has been refurbished to a very high standard and now includes a total of 8 hair styling stations arranged over 2 floors.

Key selling points include -

Business website with online booking facility
Facebook page - 1,180 followers
5-star Google customer review score
Long lease in place
Nil business rates payable
Currently run to suit
Potential to double current turnover levels
Large salon space

Assets Included:
Air conditioning throughout both floors
High quality cream porcelain tiles
Reception desk with computer/client database
8 x hair stations with brown leather chairs, storage & mirrors
Several built-in storage shelving units, window display units
Customer leather waiting chairs
3 x backwash units
2 x portable Climazone
Nail station
Coffee machine
Treatment bed, storage shelving, sink unit
Washing machine, dryer, microwave, fridge

Location
Hairazors enjoys a much sought-after trading position on Bridge Road in Shaldon, Teignmouth.

Bridge Road (A379) acts as the main link road over the River Teign into the centre of Shaldon.

Shaldon is an unspoilt village located in South Devon, facing Teignmouth. It is particularly known for its bathing, Georgian architecture and thriving community. Local attractions include Shaldon Castle and Botanical gardens, Shaldon Beach, Golf course and Ness Cove Beach.

The area is enjoying a significant increase in new residents with many new potential customers relocating from Bristol and London.

Our clients advise they have customers who travel to the salon from within a 10-mile radius.

Nearest mainline station is Teignmouth.

There is free parking available in the neighbouring streets.

Premises
Ground floor -

Customer waiting area & reception desk
Window display unit
4 x hair stations with storage
Single backwash unit
Customer toilets
Storage under the stairs

First floor -

Staff kitchen area (includes laundry facilities), stock room
Toilet
Rear area with 2 x further backwash units, nail desk
Fully equipped beauty room
2nd salon space - includes 4 x further hair stations with storage, coffee area

There is also 2 parking spaces that come with the salon.

Tenure
We are advised the business is being sold on a Leasehold bases with 9 years remaining on the Lease, the rent is £1,320 per month this includes maintenance and building insurance.

Hours
The business trading hours are as followed:
Monday - Closed

Tuesday & Wednesday - 09:00am - 5:30pm

Thursday - 09:00am - 20:00pm

Friday - 09:00am - 17:00pm

Saturday - 09:00am - 16:00pm

Sunday - Closed

Staff
The business is managed and ran by the 2 owners. The business also has 1 part time graduate stylist.

Financial Profile
We are advised the business generated a turnover of circa £55,000 as of 2021 despite being closed for 8 months due to covid, further financial information can be made avialble upon request.

Please quote reference B06279

Property Information

Property:

Leasehold

Contact Hilton Smythe

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