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Thriving Cheshire Hair Salon Business for Sale with Loyal Customer Base

 Undisclosed, Cheshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    02/02/22

  • Advert ID

    289957

  • Reference

    B06730 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £109,999
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Extremely well established Hair Salon business for sale

Business
Please quote reference B06730

CoGoGo are pleased to have been given the opportunity to manage the sale of a well-established Hair Salon business with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular and profitable local business in an area teeming with customers.

Our clients have advised that the currently rent out 3 rooms to the beauty business, who have their own clientbase.

The business was founded by the current owners in 2008 and the business has been a real labour of love for them. Under their ownership the business has accrued an impressive number of regular customers and a burgeoning reputation. Many of the customers are known on a first name basis by the current owners who are popular and well respected members of the local community.

This great little business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wishes to pursue a change of direction, they are keen to see their beloved hair salon pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

The business offers a wide range of hair treatmentsin a relaxed and friendly environment. The business prides itself on its range of services and treatments and provides friendly advice on everything required to keep their customers looking young and beautiful. Services include;

  • Ladies and Gents haircuts and styling
  • Cut and blow dry
  • Balayage
  • Wedding, Evening Hair Up and Prom Hair
  • Hair Colouring
  • Colour Correction
  • Woven Full and half head
  • Swedish/ Deep Tissue
  • Aromatherapy
  • Reflexology/ Feet / Face / Hands/ Ears
  • Pregnancy Massage
  • Hot Stone Massage
The sale will include the company website and Facebook page and the business enjoys great visibility on the internet.

Scope to Improve;

  • Advertising and marketing campaign
  • Update the existing website perhaps adding an online booking facility
  • Maximise the use of social media particularly Twitter and Instagram
  • Extend the opening hours
  • Explore online voucher discounters such as Wowcher and Groupon
Reasons to buy;

Very rarely do businesses of this calibre come to the open market so early enquiry is highly recommended.

This lovely little business is likely to attract considerable interest.



Location
The business is located in Cheshire.

The salon is located in a main road position and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom. The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There is free on street parking close to the premises. There is also a public car park close by that offers 3 hours free parking.



Premises
The business occupies two floors of a modern retail unit. The business is beautifully presented and maintained with a pleasing upmarket feel and briefly comprises:

Ground Floor Salon - Windows and a glazed door create a light, airy and inviting interior. Double height with suspended ceilings with concealed lighting enhanced by spotlighting, expensive looking wood effect flooring, bespoke L-shaped reception desk, customer waiting area with high backed leather effect seating, product displays, freestanding magazine racking, 6 hair stations currently, each with chair, mirror, electrical sockets etc, 2 backwash.

WC - With close coupled toilet and hand wash basin.

Dispensary - For mixing of hair colours.

Kitchen - With stainless steel sink and a range of base and wall units.

First Floor - To the first floor is a generous mezzanine accessed by a feature spiral staircase from ground floor with intricate, wrought iron and glass balustrading, bespoke base and wall units with complimentary worktop.

Beauty Rooms - There are a number of private and intimate treatment rooms with massage tables / treatment chairs.



Tenure
We are advised that the business is being sold on a Leasehold basis, with the 10 year lease being signed in 2017. The lease has 5 years remaining and the rent is £16,000.00 per annum exclusive of VAT. The lease has a get out clause, which is 5 years. This is up in November 2022, and has a 6 month notice period. 



Hours
The business hours are -

Monday – 09:00 – 17:00
Tuesday – 09:00 – 19:00
Wednesday – 09:00 – 19:00
Thursday – 09:00 – 17:30
Friday – 09:00 – 17:30
Saturday – 09:00 – 17:00
Sunday - Closed



Staff
We are advised that the business is run and managed by both owners, with the help of 1 full-time stylist, 1 full-time junior and 1 part-time member of staff. The part-time stylist currently rents a chair. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £138,000, with an adjusted net profit in the region of £77,000. Full financials can be made available upon further request. 

Please quote reference B06730

 



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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