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Business for sale in United Kingdom - 8746nn northamptonshire lh 130000 unisex hair salon

Asking Price: 130,000 £ Real Estate: Lease
Business for sale – 8746nn  northamptonshire l\h£130000 unisex hair salon
Sales Revenue: 275,000 £
Net Profit: 1 £
Year Established: 2003
Employees: 4FT, 5PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Northamptonshire/Northampton

Business types:

Services

Business categories:

Beauty Parlors & Barbershops

Business description

THE BUSINESS Advent Business Sales are delighted to offer for sale this highly exceptional and very popular unisex hair salon. Established by the current owner 4 years ago, they have reluctantly decided to sell the business due to growing personal commitments. This well presented and exceptionally modern salon is the finest in all of Daventry. Since acquiring the business, our clients have spent a considerable amount of money refurbishing the salon to a very high standard. The business now has 16 modern workstations, 3 backwashes, dryers, leather seating, mirrors, modern racking and shelving for product sales. The premises is a listed grade II building benefiting from excellent lighted and quality wood flooring to compliment throughout. To add to the atmosphere, there are 2 flat screen televisions which continually use music channels. The beautiful relaxing reception creates a calming ambience to the whole salon. Our clients offer a premium service to its customers, offering cuts, styles and colours for both women and men. Our client carries a huge quantity of stock, which is beneficial to the business. The business is staffed by the 2 vendor s in addition to 4 full time, 2 part time and 3 junior stylists. TRADING HOURS Mon, Tues & Wed: 9am 6pm Thurs & Fri: 9am 7pm Sat: 9am 4pm EXPANSION POTENTIAL Whilst already an extremely well established and profitable salon, it is felt there is still room for improvements by: 1. Advertise more by leaflet drops 2. Utilise the website to a fuller effect include on line shopping and booking 3. Above the rear area could easily be converted into a beauty salon or tanning room or even accommodate minor beauty surgeries. The vendor s are willing to conduct a short handover to ensure smooth transition FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 275,000 Gross Profit: 165,000 Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A very large spacious property furnished and decorated to a high standard benefiting from a fantastic location and consisting of: Ground Floor Entrance leading into salon Reception area (till and computer) Waiting area with leather sofas Split level salon Main salon with 10 workstations with the overflow salon with a further 6 workstations Doorway to rear leading to stockroom, staff area Kitchen W/c Exit leading into rear external area External Independent building which is accessed separately currently sublet. 1 room to nail technician and the second room is used as on office TENURE: Leasehold Original lease: 15 years Remaining lease: 13.5 years Review every: 3 years Rent: 21,800 per annum We are advised that the annual business rates are currently: 7200

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: personal commitments.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: 15 years Remaining lease: 13.5 years Review every: 3 years Rent: £21,800 per annum We are advised that the annual business rates are currently: £7200
Location: LOCATION Our client is located in the very heart of the town centre and benefits from a highly visible trading location which benefits from a very high volume of footfall and vehicles. The immediate area is pedestrianised and is surrounded by a large number of businesses and offices. There is a large free car park to the rear of the salon, which is used by shoppers to the town centre. Daventry is a thriving and growing town, which is benefiting from multitudes of retail and residential developments.

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