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7006LE SOUTH LEICS L/H£50,000 HAIR SALON

Asking Price: GBP 50000
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Business Location: United Kingdom » Leicestershire » SOUTH LEICS 
Category: Services » Beauty Salons, Barber Shops
Description:
Advent Business Sales are delighted to
offer to the open market this
established and successful salon.
Established 13 years ago by the vendor
it is now reluctantly offered for sale
due to the vendors increasing other
commitments.
The salon is decorated to a high
standard and includes 4 work stations, 2
wash stations, reception and a seating
area for customers who are waiting.
This is a popular and established salon
with a large amount of repeat custom as
the salon is not advertised currently.
There is also a successful retail side of
the business as the salon is currently
the only stockists for Tigi products in
the area.
We are advised by the vendor that she
is willing to work part time if required
after completion of the sale and also is
willing to offer a hand over period to be
negotiated.
EXPANSION POTENTIAL
The salon does not currently offer
evening opening due to the vendors
other commitments and this offers
excellent potential for further growth
and expansion including extending the
opening hours, advertising locally and
possibly increasing the retail lines.
STAFF
The business is currently staffed by the
vendor who is a full time stylist, 1
further full time stylist, a full time
trainee and a qualified stylist on a
Saturday.
TRADING HOURS
Mon, Tues, Thurs & Fri: 9.00am –
5.00pm
Sat: 9.00am –
3.00pm
Wed & Sun: closed
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Turnover: £42,172
Gross Profit: £33,672
Net Profit: £18,540
Accounts will be made available to
interested parties after a viewing has
taken place.
BUSINESS PREMISES
An attractive glass fronted salon
consisting of the following:
Ground Floor
? Entrance door leading to reception
desk and seating area for clients
with leather sofa
? 4 solid wood work stations
? 2 wash stations
? Decorated in neutral colours
? Wooden retail display area
? Door leading to kitchen
? W/c
? Access to rear yard
External
? Outbuilding with washing machine
and tumble dryer
? Yard with car parking space for
approximately 2 vehicles
? Paved to road at front
TENURE: Leasehold
Current Lease: 3 years
Lease Remaining: 2.5 years
Review every: 3 years
Rent: £65.00 per week
We are advised that the annual business
rates are currently: £660.50
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
42172
Net Profit: (GBP)
Total profit before taxes
18540
General Information:  
Business Area:
Year Established: 1995
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Mon, Tues, Thurs & Fri: 9.00am –
Reasons for selling:
sale due to the vendors increasing other commitments.
Market competition and expansion:
The salon does not currently offer evening opening due to the vendors other commitments and this offers excellent potential for further growth and expansion including extending the opening hours, advertising locally and possibly increasing the retail lines.
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