Financial Details
Asking price: £25,000
Sales revenue: £80,257
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
PAYBACK PERIOD OF ONLY CIRCA 16 MONTHS


HISTORY

• The business was originally founded in 1982 and the current vendor has owned the salon since 1985

REASON FOR SALE

• The salon is being offered to the market as the vendor wishes to retire

PRODUCTS/SERVICES

• The salon offers a traditional range of services including;
• Shampoo and set
• Blow wave
• Colouring
• Perms
• Trims
• Re-styles
• High lights
• Foils
• Bridal hair and put ups
• Products used include:
o Tigi
o Wella
o Loreal
o Goldwell
o Moroccan oil


CUSTOMERS

• Clients are predominately local and drawn from within the town and the surrounding villages
• Approximately 90% are female and 10% male

HANDOVER

• The vendor would be prepared if required to work with a new owner during a hand over period

STRENGTHS

• Well established salon which has been trading since 1982
• Excellent local reputation with a high repeat trade
• Well presented throughout
• Main arterial road of a popular market town
• Consistent turnover levels

EPC rating F

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DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition or value. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means.
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.
General Information
Employees:• The vendor works part-time for 2.5 days a week and is assisted by 2 full time stylists and 2 part-time juniors who work for a total of 3 days per week
Trading hours:• Tues & Wed: 9.00am to 5.30pm • Thurs: 9.00am to 7.00pm • Friday: 9.00am to 5.30pm • Saturday: 8.00am to 2.00pm • Mon & Sun: Closed
Property:Leasehold
Lease terms:• Current lease has expired and the vendor is on a holding over
Location:• The salon enjoys a high visibility location on a busy main arterial road of a market town in Worcestershire
Premises Details:PREMISES AND EQUIPMENT
(None of the fixtures and fittings have been checked or tested by Advent Business Sales Ltd and a potential purchaser should make their own checks regarding existence and condition).

Ground floor salon which briefly comprises:
• Front side entrance into the salon
• Reception desk
• 2 seater waiting sofa
• 5 work stations
• 5 back washes
• Rear kitchen with washing machine, tumble dryer, microwave and boiler
• Product store
• Side fire exit
• Additional storeroom
• w/c
• The salon has laminate flooring initially and then is tiled and has ceiling spot lights
Energy Performance Rating: F
Expansion potential:The business still offers potential to increase both sales and profits in the future by: 1. Open on Mondays and all day on Saturdays 2. A full-time working owner could save on staff wages 3. The salon has the space to accommodate beauty treatments 4. Introduce a website 5. Advertising, non done currently 6. Advertise through social media sites

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