Popular Cheltenham Hairdressers Premium Advert

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Status
FOR SALE
Advert ID
196436
Reference
1250 / RightBiz

Details

Falcon Commercial is delighted to offer for sale this thriving Hairdressers. The business has been run by our client since 1998 during which time they have made considerable investment and improvements to the premises. It is now reluctantly being placed on the market as the vendor is moving out of the area. During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service.

Operating from substantial parade premises of real charm and character, this well presented Salon benefits from parking to the rear of the premises.

Michael Gerald is run by the proprietors with help from a team of dedicated full and part time staff that work on an agreed rota basis. We are advised that it generates a turnover in the region of £112,900 per year with high gross profit margins. There is tremendous potential to increase the turnover by extending the opening hours, possibly to include Monday, Sunday and evenings.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
Substantial and well maintained building, benefiting from being in a highly visible trading position in Bath Road, Cheltenham. Bath Road is known as the central hub for this part of Cheltenham and contains a good mix good of thriving independent and multiple businesses.
The Salon premises are fitted and presented to high trade specifications throughout.

The premises briefly comprise:

Internal accommodation

Ground Floor
•Single fronted open plan Salon with suspended ceiling containing
•10 work stations
•3 wet stations
•6 dryer stations

First Floor
•Ladies toilet
•Gents toilet
•Potential beauty room

Business Details

Opening Hours
•Closed Monday
•9.00am – 5.30pm Tuesday
•9.00am – 5.30pm Wednesday
•9.00am – 5.30pm Thursday
•9.00am – 6.00pm Friday
•9.00am – 5.30pm Saturday
•Closed Sunday

Turnover
•£112,900 Per year

Accounts
•Accounts will be provided to genuine purchasers after a formal viewing

Business Rates
•Current Business Rates payable: £8,000 per year
•Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Legal Costs
•Each party to bear their own legal costs incurred in the transaction

Stock
•The business stock value is: £1500

Staff
•The business is run by a dedicated team of full and part time staff

Tenure – Leasehold.
The business is being offered with the benefit of a new secure lease to suitable applicants. The rent will be iro £22,000 per year

Planning
For further information, you should make your own enquiries to Cheltenham Borough Council, Municipal Offices Promenade, Cheltenham GL50 9SA

EPC Rating - TBC

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080

Location
Cheltenham is famed as one of the most complete Regency towns in England and historically the original and most fashionable spa. It nestles beautifully between the Cotswold Hills and the Wye Valley, and is home to numerous prestigious schools including Cheltenham College, Cheltenham Ladies College, Dean Close and Pates Grammar which recently topped the national GCSE schools league table.
Now a highly sought after place to live or run a business (voted the number 1 place in the United Kingdom to bring up a family by the Telegraph early), the town is well known for its grand houses set amongst formal avenues and beautiful garden squares.
Listing Details
Leasehold Price: £40,000
Tenure: Leasehold
Sector: Hair & Beauty, Barbers, Hairdressers
Financials
Annual Turnover: £112,900
Annual Net Profit: Available upon request
Key Features
  • New Lease
  • Established Business
  • Accounts Available
  • Price Reduced
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