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9001SL L/H UNISEX SALON £70,000+SAV

Asking Price: GBP 70000

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Business Location:	United Kingdom » Slough » BERKSHIRE

Category:	Services » Beauty Salons, Barber Shops

Description:

Advent Business Sales are delighted to offer to the market this very well established, popular unisex hair salon.

The business, which was founded by our clients in 2003, is only now being reluctantly offered for sale as they are planning to immigrate to Turkey.

The salon has an excellent local reputation with many customers returning time after time and new clients arriving through personal recommendation as no advertising of any sort is carried out.

The salon also specialises in colouring and hair design shaving.

The business employs 3 full time members of staff including the 2 vendors and 1 part timer, who only works Saturday’s and holiday/sickness cover.

The salon is in excellent decorative order throughout with no expense spared with the level of fixtures and fittings installed, leaving a new purchaser so no work to do on take over except trade profitably.

We are advised that stock at cost is approximately £1,000.

REF: 9001SL

The business caters for all ages and sexes with an approximate split of 70% men and 30% ladies. It is however, the only one in the area to conduct wet shaving.
BUSINESS PREMISES
Ground floor lock up premises briefly comprising of:

Ground Floor
• Wide double side window
• Side entry door into the salon with reception desk
• 6 cane waiting chairs
• 3 hydraulic barber’s chairs
• 2 hydraulic salon chairs, all of which are mirrored
• Elevated section with 2 back wash
• Side storage cupboard
• Through to rear kitchen, storage and single w/c
• Rear exit to multi storey car park

The salon also benefits from having laminated flooring throughout, ceiling spot lights and with on street CCTV.
TENURE: Leasehold
Original lease: 5 years
Remaining lease: 5 years
Review every: 5 years
Rent: £12,150 P.A.

We are advised that the annual business rates are currently: £2,220

Annual sales: £55,000
Mon: closed
Tues, Wed & Fri: 9.00am – 6.00pm
Thurs: 9.00am – 7.00pm
Sat: 9.00am – 5.00pm

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Financial Information:

Annual gross sales: (GBP)	N/A

Yearly Revenue: (GBP) Total yearly sales revenue	55000

Net Profit: (GBP) Total profit before taxes	N/A

General Information:

Business Area:	Our client is ideally located on a busy shopping parade of a very affluent town in Berkshire. It has excellent footfall levels via the nearby purpose built shopping parade, Tesco’s being only a few doors away and a new Sainsbury’s development nearby. Other nearby businesses include a cinema, florist, printers, cafés, bars and a bookies who all contribute in attracting customers to the area.

Year Established:	2003

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	No

Market competition and expansion:	EXPANSION POTENTIAL Our clients have a successful and profitable business but there are still areas which they agree would increase sales and profitability further, namely: 1. Open on Sunday’s and/or Monday’s 2. Advertise as none is currently carried out

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