State Of The Art Hair & Beauty Salon For Sale In Prime Location

£140K+ TURNOVER 70% GROSS PROFIT

Our client is an established state of the art unisex salon located in a prime location within Newcastle City Centre currently owned by an award-winning stylist.

Currently providing its high value clientele with a full range of hairstyling services, including but not limited to hair colouring, cutting, barbering, contemporary and period hair up, styling and human hair extensions.

Our client has priced the business for a quick sale, offering an unrivalled opportunity compared to other local salons available for sale on the market.

Business Strengths

• Fantastic Cash Business, average sale of £40 and 70% gross profit
• £140,000 per annum turnover with great future growth prospects
• Established for over 4 years and run on 5-day week
• Modern and contemporary environment finished to a very high spec
• Strong customer database of high value clients with excellent retention
• Excellent service & established reputation
• Established and qualified training provider

Reason for opportunity:

Management is seeking a buyer due to a change of career, and has priced the business to sell quickly, with a target sale before the end of 2017.

Opportunity is most suitable for:

•        Hairdressers/Stylist who wishes to open their own salon with high value clients.

•        Experienced salon manager who desires their own business.

•        Existing salons seeking to expand locations or remove direct competitors.

•        An investor looking for a great cash business with fantastic margins.

Property

Property: Leasehold

Lease Terms: Flexible lease

Leasehold Rent: £14,000 per annum

Location: Currently, over one hundred businesses occupy a shared space designed from the redevelopment of a 17th century industrial site in the heart of the city home to artists, musicians, creative businesses, visitor, and educational attractions and with many places to eat, drink and socialise in close vicinity.

Premises Details: The premises are furnished to a very high standard, with a modern New York loft style apartment feel.  It is easy to find with ample parking, brilliant artwork and onsite cafe.

Business Operations

Employees: 5 including owner and one self-employed stylist

Ownership: Ltd company which has applied to be struck off the company register on the 17/10/2017, therefore no liabilities will be carried forward to any future owner.

Expansion Potential: Huge potential for future growth of business, both through increased online and offline marketing & promotions, hiring of additional stylists, increased opening hours and a dedicated customer retention management program.

Trading hours: Open 5 days a week / 45 Hours Total

Years established: Incorporated on 4th of December 2013

Support & Training

The current owner is willing to remain at the salon and provide whatever handover support and training required by the new purchaser. They are also prepared to remain at the business whilst studying at university as a self-employed hairdresser, renting the chair from a new owner for a fee to be agreed.

Sales Process:

My client wishes to protect his business interest and those of his staff, customers, and suppliers whilst he looks to see if a suitable buyer can be found, and has therefore requested that any interested parties firstly return the attached confidentiality agreement, prior to any further information being released.

Once this is returned to me I will be able to inform you of the full details of the company for sale, provide you with its last set of annual accounts and provide you with any further information you may require. You will also be provided with opportunities to visit the premises out of hours and speak to the owner.

During this process we will be looking for interested parties to put forward any offers for the business outlining the full terms of their offer. Once a suitable offer has been accepted the buyer will be required to complete the purchase before the end of 2017.

PRICED FOR QUICK SALE – INVITING OFFERS OVER £20,000

For more information please call or email.

STRICTLY CONFIDENTIAL