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CQ109-Multi-location Hair Salon chain

Asking Price: GBP 750000
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Business Location: United Kingdom » Buckinghamshire » Buckinghamshire 
Category: Services » Beauty Salons, Barber Shops
Description:
Multi-location Hair Salon chain

Ref.CQ109
Location Buckinghamshire
Asking Price £ 750,000
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity, which has never before been brought to the market for sale.

This company has been dynamically driven and managed from its origins stretching back some 27years, with the second Director joining the team in 2004. During this time the business has developed an enviable reputation in its main Home Counties trading area and beyond. Economic performance has been steadily growing throughout, giving a solid platform for a new owner to develop further from.

With generic experience stretching back for 30 years, this business has used that experience to expand in to its four locations in the Home Counties area and has built up an excellent reputation to match. The enterprise is now well placed to offer a wide range of hair treatments to its loyal and established client base.

The key to the success of this business is its focus on quality in all the services that it provides. An in-house minimum standards handbook has been developed, and staff are encouraged to reach very high standards throughout their career as they progress from trainee to experienced stylist. This emphasis on quality means that the staff are a real asset to this business, and they are encouraged to expand their knowledge through passing the relevant qualifications (NVQ levels 1, 2 and 3 are offered).

The business offers styling, hair colouring, hair extensions, bridal packages, mens grooming and chemical straightening across its four salons. With over 30 work stations available, the business has the capacity to generate a high level of revenue. The business is also somewhat unique in offering Afro-Caribbean styling services at two of its locations.

The business has an enviable client base of mid to high end clientele. As well as listening to customers and responding to their needs over the years, the business also maintains contact with its customers through use of a bespoke computer database which targets them individually for direct mail follow ups etc..
This business is a member of the National Hairdressers Federation, and contributes to the Hairdressers Benevolent Fund.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 2004
Is Relocatable?:
 Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Reasons for selling:
 Diversification
Market competition and expansion:
 The business is well advertised. Advertisements are placed in local newspapers and glossy magazines, as well as on its website and through brochures. The business uses targeted direct mail to build on its existing client base. The business also benefits from one Director’s involvement in writing columns for several editorials.
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