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Well Established Unisex Hair Salon In Walsall For Sale

Walsall, West Midlands, UK
Asking Price:
£249,999
Turnover:
£83,870
Net Profit:
Available on request

***Flat is tenanted***

CoGoGo are delighted to welcome to the market Classic Cuts, a highly rated unisex hair salon in Brownhills.

Classic Cuts was founded by our client in 1990, building up an excellent reputation and very loyal customer base. As seen by the online ratings and reviews on Google, the hair salon is extremely popular.

Our client then moved the business to the current location in 2016.

Classic Cuts is a small family business with a very friendly relaxed atmosphere. This unisex salon caters for all, including toddlers. The business prides itself on being very fashion forward and specialises in cutting, colouring and styling including prom hair styles.

All fixtures, fittings and equipment used to run the business will be included in the sale.

Key selling points -

A well established business with an enviable reputation and many regular customers
Prime trading position with loads of footfall along with passing trade
Current owner happy to offer a handover to ensure the continued success
Immediate rental income from the tenant in the flat above
Ideal owner managed or partnership business
A real opportunity to increase turnover and profits significantly, current owner is running at a pace to suit due to poor health.

Scope for further growth -

Advertising and Marketing campaign
Maximise the use of social media
Website ideally with gallery and online booking system
Introduce beauty services, perhaps nails, lashes & brows
Extend the opening hours

Financial Profile

We are advised as per the 2022 accounts, the business generated a turnover in the region of £84,000. Further financials can be made available upon request.

Property Information

Property:

Freehold

Location:

Classic Cuts is located on High Street in Brownhills, West Midlands.

The unit is well presented and maintained with clear visible signage, receiving good levels of footfall and passing trade.

There is free parking to the rear of the premises.

Premises Details:

The business occupies the ground floor unit, with the residential flat on the first and second floor.

Ground floor -

Salon area with a customer waiting area to the front, a reception desk and 5 hair stations and 2 backwash stations.
Kitchen and staff room area
WC

First floor -

Well presented flat with a lounge area, kitchen area and bathroom area.
The flat has a separate entrance and two outside areas on different levels.

Second floor-

The second floor offers the potential for another flat subject, of course to the usual planning permissions.

Business Operation

Trading hours:

The current trading hours are -

Monday & Tuesday - Closed

Wednesday to Saturday - 7:30am - 4:30pm

Sunday - Closed

Employees:
We are advised that the business is run and managed by our client, with the help of his wife and a receptionist.