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8787LE Gents hair & Grooming L/H £25,000 OFFERS CONS Leics

Asking Price: GBP 25000
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Business Location: United Kingdom » Leicestershire » Undisclosed 
Category: Services » Beauty Salons, Barber Shops
Advent Business Sales have been instructed to offer for sale this popular gents hair and grooming salon.

Trading from is current location since 2006, the vendor has reluctantly decided to due to personal commitments.

Since acquiring the salon it has benefited from a total refurbishment with all new fixtures and fittings.

The business has 5 modern workstations and 1 backwash.

There is capacity to add two further workstations if one so wished.

Leather seating, mirrors and modern contemporary décor adds to a good ambience and atmosphere in the salon.

Our client specialises in gents grooming with regular clients coming for a traditional shave.

The business is staffed by the vendor on a full time basis with the addition of a further full time and a part time employee.

The vendor has advised us that a break clause in the contract, which comes in effect in 2010, could be exercised and the landlord is willing to negotiate a new lease at that precise time. Until then the business will be offered on a sub lease with the vendor to ensure continuity.
We have been advised by the vendor of the following:

Annual sales: £23,000
Gross Profit: £20,000

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.

A well proportioned, spacious and modern gent’s salon with an excellent trading position and consisting of the following:

Ground Floor
? Single entrance with glass window
? Reception area with front desk and waiting area
? Main salon area
? Kitchen and staff area
? W/c

? Paved to shop front

TENURE: Leasehold
Original lease: 15 years
Remaining lease: 13 years
Break clause every 5 years
Review every: 3 years
Rent: £7,500 per annum

We are advised that the annual business rates are currently: £1450
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Financial Information:  
Annual gross sales: (GBP) 20000
Yearly Revenue: (GBP)
Total yearly sales revenue
Net Profit: (GBP)
Total profit before taxes
General Information:  
Business Area: Our client is located in the very heart of Hinckley town centre and benefits from a highly visible location, which has a high volume of footfall and vehicles driving past. The immediate area is surrounded by a large number of businesses ranging from small independent retailers to larger national and corporate companies. There is several pay and display car parks within walking distance.
Year Established: 2006
Is Relocatable?:
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: The business is staffed by the vendor on a full time basis with a further full time
No of trading hours: Mon, Tues, Thurs & Fri: 9am – 5.30pm Wed: Closed Sat: 8am – 2.30pm
Market competition and expansion:
There is excellent scope for growth; this could include incorporating a unisex salon. Adding health and beauty treatments especially for men such as head massages would compliment the business, as it would offer a fuller service.
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