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8982SN WILTSHIRE LEASEHOLD: £39,950 UNISEX HAIR SALON

Asking Price: GBP 39950
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Business Location: United Kingdom » Wiltshire » WILTSHIRE 
Category: Services » Beauty Salons, Barber Shops
Description:
Advent Business Sales are pleased to have
been instructed to offer for sale this
extremely well established, thriving and
profitable unisex hair salon.
The business, which was founded by our
client in 1993, is only now being reluctantly
offered to the market as she is planning to
retire.
Our client has achieved an enviable local
reputation with high levels of repeat custom
and new customers arriving from personal
recommendation as only minimal advertising
is carried out.
The salon has 5 work stations with 4
portable dryers and 2 back wash.
It employs 1 full time stylist and 2 part
timers, who work on average 16 hours per
week each. The vendor works part time only
for 24 hours per week.
The business has good and consistent annual
sales of approximately £60,000 with high
net profits projected at £23,000 per annum,
which could be increased substantially
should a new purchaser decided to work full
time in the salon.
We are advised that stock at cost is
approximately £1,000.
Our client is prepared to work with a new
purchaser for an agreed period of time, to
ensure a smooth hand over period and to
effect the necessary introductions to staff
and customers.
REF: 8982SN
TRADING HOURS
Mon-Thurs: 9am – 5pm
Fri: 9am – 6pm
Sat: 9am – 1pm
EXPANSION POTENTIAL
Our client has a successful and profitable
salon but could benefit from opening longer
on a Saturday, selling related products such
as shampoo’s, conditioners etc and from a
new purchaser working full time .
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £59,251
Gross Profit: £56,049
Net Profit: £18,586 pa
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
Ground floor lock up premises briefly
comprising of:
Ground Floor
• Front entry door into the salon,
which is split into 2 sections
• The first section has 2 dryer in the
window
• Reception area and 2 work stations
• The second section has 3 work
stations and 2 back washes
• The whole salon has an attractive
vinyl wooden floor
• All stations have facing mirrors
• Through from the second section to
rear kitchen, storage area and w/c.
TENURE: Leasehold
Original lease: 6 years
Remaining lease: 4 years
Review every: 6 years
Rent: £6,300 P.A.
We are advised that the annual business
rates are currently: £824
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
 
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Financial Information:  
Annual gross sales: (GBP) 59251
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 18586
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 01 full time and 02 part timer.
No of trading hours: Mon-Thurs: 9am – 5pm Fri: 9am – 6pm Sat: 9am – 1pm
Reasons for selling:
 offered to the market as she is planning to retire.
Market competition and expansion:
 Our client has a successful and profitable salon but could benefit from opening longer on a Saturday, selling related products such as shampoo’s, conditioners etc and from a new purchaser working full time .
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