Business for Sale Overview:
This young and dynamic business was set up in 2005 and has quickly established itself as one of the prominent independent hair salons in the city providing a consistently high quality of service and products to a wide ranging client base. In a relatively short period of time the business has grown its client base to an already impressive level through quality of delivery and some imaginative sales and marketing. This is already a very well managed and successful business offering the highest quality hair treatments. Ideally positioned in one of the most popular shopping areas of the city the owners have invested considerably both in terms of time and money in ensuring the image of the company is right for the market it serves. The current owners have invested some £30,000 within the salon on the best equipment, staff training and fixtures and fittings to ensure clients aspirations are completely fulfilled.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business operates from superb modern leasehold premises within a prime retail location in the city. The premises comprise the ground floor salon circa 1500 square feet with additional staff/ kitchen area, toilets and storage upstairs. The current lease has 8 years remaining on it. Annual rent is £40,000 . Rates are £13,000 per annum. The premises are superbly fitted out and have excellent frontage. The business enjoys huge levels of footfall as you would expect from such a prime retail location. The location is a real strength of this business.
Market Competition and Expansion:
Located as it is in a very prominent position this business has little need of advertising. By far its most effective marketing is its location, as is its name, acting as a very prominent advertising hoarding - building and maintaining awareness amongst the local target audience. In saying that the business is also very active in the local community getting involved in the various fashion shows run by the city university, not to mention joint promotions with neighboring retailers utilizing vouchers and its own loyalty card scheme.
Reason for Selling:
The current owners wish to pursue other business.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.