Financial Details
Asking price: £25,000
Sales revenue: £31,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
We are pleased to have been instructed to offer to the market this popular hair and beauty salon with excellent future potential.

Founded by the vendors over 2 years ago, the business is only now being reluctantly offered for sale as they wish to concentrate on their family commitments.

The salon has an excellent loyal and regular clientele, drawn from its database of over 1,200 clients, who are mostly from the local area.

The salon offers a wide range of treatments including:
• Jessica manicure and pedicure
• Acrylic nails
• Waxing
• Spray tanning by St. Tropez
• Body wraps
• Eye lash extensions
• Facials
• Ear piercing
• Make overs

The salon also does both adults and children’s pamper parties which have proved to be very popular and in addition sells approximately £500 per annum of jewellery which has a gross margin of 50%.

The salon employs one part time staff member who works approximately 16 hours per week with a vendor working full time. They achieve average sales per week of approximately £700 with a gross margin of circa 80%, overheads are very minimal.

The salon has been decorated to a high standard and also has an excellent friendly ambience.

We are advised that stock at cost is approximately £750.00.
REF: 9491CV

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon, Wed-Fri: 10am – 5pm Tues: closed Sat: 10am – 2pm Sun: closed
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 8 years Review every: 5 years Rent: £7,650 We are advised that the annual business rates are currently: £1,400
Location:The salon has an excellent high visibility corner location in a select arcade, on a busy main arterial road of an affluent busy market town in Warwickshire.

Other nearby businesses include a restaurant, jewellers, interior design, newsagents, takeaway and many more. They all contribute in attracting significant footfall levels to the area. Parking is free of charge for 2 hours in a nearby car park and after 5pm on street.

Nearby towns include Stratford on Avon, Leamington Spa and Kenilworth. Access to the area is via either the A46 or the M40 motorway.
Premises Details:Located in a select arcade, the salon has 2 separate parts:

• Beauty room with couch, wall mirrors, 5 drawer store cabinet, shelf display, original beamed ceiling with spotlights
:
• Entry door to meet the reception desk with fireplace chimney storage
• Spray tanning booth with slide across privacy access screen
• Pedicure foot spa
• Full height mirrors
• Nail bar
• Hair back wash
• Waiting bench
• Glass display cabinets
• w/c
• 2 further nail bars
• Exposed beams, tiled flooring and spot lights

The premises are decorated throughout to a very high standard and has a great ambience
Expansion potential:Although already running successfully, the salon offers huge scope to increase both sales and profits in the future by: 1. Opening more hours, especially with late nights to suite the lifestyles of many of its affluent clients 2. Increase the current low prices charged to fall in line with those charged around the area 3. Have a rent a chair hairdresser on a shared sales/profits basis – a chair already exists in the salon 4. offer botox and teeth whitening on an appointment only basis
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