Business for Sale Overview:
This upmarket, traditional gentlemens’ hairdressers was established by the current owner nearly twenty years ago. Since that time the business has developed to be recognised as the premier hairdressers of choice within the Square Mile, situated as it is at the heart of the City of London. Comprehensively fitted out resembling a City ‘club’, with traditional wood paneling, and fully air conditioned, the premises are most welcoming. Seven discrete cutting stations are available for use. A comfortable waiting area is provided with daily newspapers available. Clients include Chief Executive Officers of many FTSE 100 companies, Earls, Lords and Knights. Many clients are well known both within and outside of the City. Circa 70% of clients make appointments with the balance being ‘walk in’ trade. A full range of hairdressing and shaving requisites are sold: circa £1,500 stock is held. Shaving service is also available.
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Property Features and Assets:
The premises of circa 940 square feet are held on a lease expiring in 2015, with the next rent review in 2010. Passing rent is £17,000 per annum plus VAT, with business rates costing circa £7,200 per annum. A service charge of £1,200 is also payable. In addition to the main hairdressing area a staff room, laundry room with washing machine and tumble dryer, ladies and gents toilets and office are featured.
Market Competition and Expansion:
No marketing or advertising takes place since most new clients are referred to the business by direct ‘word of mouth’ recommendation. The business would however benefit from direct marketing and especially the establishment of a web site. This could then offer ‘on-line’ booking of appointments.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.