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47-Year Established Hair & Beauty Salon in County Durham For Sale

Undisclosed, County Durham

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    27/11/23

  • Advert ID

    603156

  • Reference

    B07687 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £99,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well Established Hair & Beauty Salon For Sale

Business
Please quote reference B07687

CoGoGo are delighted to welcome to the market a highly rated and well established Salon based in County Durham.

Our client first established the business over 47 years ago, since then it has built up an excellent reputation during its many decades of trading.

This business is now being sold, albeit reluctantly and with a heavy heart only due to our client wanting to retire.

The Hair and Beauty Salon was established in the 1970s. Today it is recognised around Co Durham as one of the finest hair and beauty salons with a reputation for excellence in all aspects of hair care.

As a family owned and run business, the business cares passionately about the well-being of its clients. It’s that personal care and excellence of service that means customers stay with us for years and years – in many cases several generations from the same family have been clients!

The business offers a comprehensive range of professional hair and beauty services including:

  • Professional Hair Salon
  • Gents Hairdressing
  • Toddles & Childrens Hairdressing
  • Hair Loss Consultants
  • Wig & Hairpiece Fitting
Key Selling points:

  • Over 40 years working with the NHS
  • Outstanding reviews
  • Extremely well established
  • Repeat custom
  • Handover period offered
Scope for Further Development:

  • Increase trading hours
  • Increase marketing 


Location
The business is based in County Durham.

 



Premises
The business is beautifully designed with modern décor throughout, and is comprised of the following:

  • 8 hair stations
  • 2 backwashes
  • 2 consultancy rooms
  • 1 beauty room
  • Storage and kitchen area
  • WC
The premises has large bespoke signage with ample parking in the proximity.



Tenure
We are instructed to sell the business on a Leasehold basis, with an original 6 year Lease in place. 

The rent is £1100 per month.



Hours
The business trading hours are:

Monday - Closed

Tuesday & Wednesday - 08:00am to 17:00pm

Thursday - 08:00am to 17:30pm

Friday - 08:00am to 19:00pm

Saturday - 08:00am to 17:30pm

Sunday - Closed



Staff
The business is run and managed by our clients, along with a manager and a barber.



Financial Profile
Financial information can be made available upon request.

Please quote reference B07687



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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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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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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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