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Tuesday 26th of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£24,000

Long Established Hair Salon Premium Advert

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Further Details
Reference14042G / RightBiz
Status
FOR SALE
Advert ID200694
LocationBrandon, Suffolk
SectorHairdressers, Hair & Beauty
Leasehold Price£24,000
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LOCATION
Kutz unisex hair salon is located in the market town of Brandon within Suffolk.

Kutz is located on the busy main road along with many other local shops and larger chains. There are several car parks locally and 30 minute free parking on the road outside the premises.

There are local bus routes and Brandon train station is approximately a quarter of a mile away.

BUSINESS
Hilton Smythe welcomes to the market Kutz which was established several years ago and taken over by the current owner in 2015. Our vendor is genuinely looking to sell as they are looking to move to another part of the country.

Kutz is an established hair salon, with the previous owner still working there and retaining many estab-lished clients. Offering a host of services to the local community.

There is room to develop the business further as currently there is no website or social media pages. Also, there is physical room to create an area for beauty treatment or an addition of a nail bar.
Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES & EQUIPMENT
Mid parade premise with good signage.

The entrance door runs straight from the main road into the waiting area with seating and the counter. Behind which there are 3 work stations all with mirrors and hairdryers.

To the rear of the room there are two back wash stations, tea and coffee area and doors to the beauty room to the rear and to the cloakroom facilities.

Stylish décor throughout.

The unisex cloakroom is shared with Nicks Tattoos, which is located in separate premises next door, this comes of a lobby way which gives rear access and also has a locked storage cupboard for peroxides etc.

There is heating in the form of electric storage heaters.

TENURE
We are advised the business is being sold as a leasehold opportunity.
With a rolling lease at £400 per month, £4800 per annum
The landlord is conveniently located in premises two doors away.

HOURS
The business opening hours:

Monday:10-4
Tuesday:9-5
Wednesday:9-5
Thursday:9-5
Friday:9-5
Saturday:9-3
Sunday: closed

STAFF
The business is run and managed by our client, with the help of one part time and one full time member of staff. However, further staff could be required if the new owner wants to expand into beauty/nail bar.

FINANCIAL PROFILE
Kutz generated an advised turnover of circa £30,000 as of the 2016 accounts, with a gross profit of 70%.
However, since then a full time member of staff has been taken on.
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