Prominent Hair Salon for Sale in Central Otley, West Yorkshire
Otley, West Yorkshire
- Status
FOR SALE
- Date Submitted:
22/02/24
- Advert ID
607206
- Reference
RB10569 / Rightbiz
- Call Agent:
- Leasehold: £24,950 (Stock at valuation)
- Turnover: £80,174 (£1,542 Per week)
- Net Profit: £20,000 (25% Profit margin)
Key Features
- Prime Location
- Attractive Business
- Town Centre location
- Accounts Available
- Close to Local Amenities
- New Lease
- Fully Fitted
- Established Business
- Adjacent to Multiple Retailers
Business Details
Very Well known, Hair Salon, in the centre of Otley
Alan J Picken are delighted to offer this Very Well-known, Hair Salon onto the market, which is only offered for sale, and we suspect with a slight tinge of reluctance, as our client wishes to relinquish the responsibilities of owning/running the business and enjoy some extra time with her family.
The business occupies a prime position in the centre of Otley within the bustling New Inn Court, adjacent to multiple retailers and close to local amenities.
Our client offers a full range of hair services in a friendly and professional environment. The business offers all aspects of hairdressing including creative cutting/colouring to traditional styling for female and male clients.
Over the years the business has established an excellent reputation throughout Otley and surrounding areas, and a local and loyal clientele has been established.
Takings on 2023 accounts £80,174 (chair rental circa £42,000).
Gross Profit £72,319.
Adjusted Net Profit in excess of £20,000.
There is huge scope to increase the turnover by maximizing the first-floor salon via rent a chair/more staff or beauty services.
Our client will give every assistance to ensure a smooth transition.
We trust this will prove a resoundingly successful acquisition, especially for a dedicated owner proprietor to continue to exploit the full potential and derive maximum profits.
Business £24,950 SAV
Otley, West Yorkshire.
Leasehold.
Reference. RB10569
Contact Agent
Listing Statistics
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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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