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Highly Rated, Well-Established Hair Salon in Cornwall for Sale with Growth Potential

Undisclosed, Cornwall

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    22/08/23

  • Advert ID

    518573

  • Reference

    B07481 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £49,995
  • Turnover: £157,184 (£3,023 Per week)
  • Net Profit: £63,021 (41% Profit margin)

Business Details

Highly rated hair salon for sale

Business
Please quote reference B07481

CoGoGo are delighted to welcome to the market a highly rated and well presented hair salon in Cornwall. 

The business was first established by our client in 2019, building up an excellent reputation and loyal client base. As seen by the online ratings and reviews, the business is extremely popular within the local area. 

The hair salon has now come to the open market due to our clients desire for a change of direction. 

The hair salon is a fresh, luxury salon in Cornwall dedicated to providing exceptional hair care with an unparalleled focus on attention to detail, value for money and customer service.

The business offers a range of hair treatments including -

  • Cutting and styling
  • Balayage and Colour
  • Hair Extensions
  • Curly Hair treatments
The sale will include the company website and social media platforms and the business enjoys great visibility online.

Key selling points - 

  • A well established business with an enviable reputation and many existing customers. The business is currently adding 7-8 new clients each week
  • Prime trading position in the centre of town with loads of footfall
  • Current owner happy to offer an handover to ensure the continued success of the business
  • Ideal owner managed or partnership business
  • A real opportunity to increase turnover and profits significantly. Business is increasing on a weekly basis.
  • Price to facilitate a quick sale, values much higher.
Scope for further growth -

  • Advertising and Marketing campaign
  • Maximise the use of social media
  • Invest in SEO and PPC to drive new customers to the business
  • Consider offering a customer loyalty/ card scheme
  • Sublet two of the beauty rooms to complementary business for an additional income stream
  • Introduce other beauty services such as nails, brows, lashes etc


Location
The hair salon is located in SouthEast Cornwall/Devon border. 

There are a number of inexpensive, public car parks within easy walking distance of the salon. 



Premises
The business occupies three stories of a period, terraced building which is presented to the highest standards and fastidiously maintained and briefly comprises;

Ground floor -

  • Reception desk area
  • Customer waiting area
  • 8 Hair stations and 2 backwash stations
  • WC's with toilet and hand wash facilities
  • Access to the rear courtyard space
  • Store room
First floor -

  • Staff room with washing machine and dishwasher facilities
  • Seperate backwash room
  • Hair loss room that offers subletting potential or could be used to provide further hair stations
Second floor -

  • Generous beauty room that also offers subletting possibilities if not required


Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 10 year lease (A 5 year break clause in November 2023). The rent is £10,000 per annum. 



Hours
The current trading hours are -

Monday to Wednesday - 9:00am - 5:00pm

Thursday to Friday - 9:00am - 6:00pm

Saturday - 8:30am - 4:00pm

Sunday - Closed



Staff
We are advised that the business is run and managed by the owner, with the help of 1 full-time self employed stylist, 3 employed part-time stylists and 2 full-time apprentices. 



Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £157,000. Further financials can be made available upon request. 



Read more

Contact Agent

Contact the seller for more details, or book a viewing

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

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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.

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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.

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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.'.

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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.

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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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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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The data showed regarding this advert 'Highly rated hair salon for sale - B07481 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.