Hilton Smythe are delighted to present to the market Changes Hair Salon, a much loved Dulwich business established by our client in 1991 and due to ill health is now available for a quick sale.
The salon offers both ladies and men’s hair styling with a choice of senior stylists and stylists levels offering both hair cutting, re-styling and colouring services. They are proud to use l’Oréal colouring ranges as well as being able to mix your unique colour preferences for an individual look.
The business currently concentrates on hair services only however the available space within the salon would allow any new buyer to introduce a complementary beauty side of the business. Our client previously trailed adding Botox treatments which proved very popular.
We are informed 90% of the turnover comes from ladies, with many of the loyal customers regularly visiting since the salon first opened its doors. Majority of clients live within a mile of the business.
Our client admits the salon is now run to suit and there are many opportunities not being implemented, these include:
- Adding a new website detailing the list of services, special offers and allowing clients to book online
- Adopting a new advertisement programme including the use of social media and local advertising platforms
- Improving the current staff utilisation with an improved diary system
- Extending the current opening hours
- Increasing the current team and experience levels
- Increasing the involvement of industry discount sites such as Groupon and Treatwell
- Adding beauty services
- Increasing the retail product range
- Adding more wedding work, hair up services and local Prom clients
- Offering evening pamper parties
The business would ideally suit an owner/ manager who can work more full time within the salon to improve the efficiencies as well as make more of the available room which currently offers 8 hair stations.
Changes Hair is only 1 of 2 salons in this affluent area and therefore any new buyer would be able to capitalise on this available demand instantly.
Due to the location, attractive lease and size of this salon we recommend early viewing to avoid disappointment.Location
Changes Hair occupies a highly enviable central trading position along a busy parade of community shops on Rossendale Road in West Dulwich, London.
The parade offers an excellent choice of independent businesses including a fine foods and meat retailer, newsagents, pharmacy, wine shop, barbers, cafe, estate agents and interior shop.
Rossendale is a highly sought after road linking nearby Norwood to both the heart of Dulwich and then further North to Brockwell Park. Dulwich is renowned for its excellent boarding school, picture gallery, Dulwich park and beautiful village setting.
West Dulwich is a thriving area in South East London, well positioned just off the A205 south circular and just 6 miles from Charing Cross.
There is free parking available, both on Rossendale Road and in the adjacent streets.
Nearest mainline station is West Dulwich which connects commuters to central London and the City in just under 40 minsPremisesGround floor:
Client waiting area - includes 2 black leather waiting chairs, tall retail stand, curved white reception desk, till and card machine
Main salon - spacious area with 8 x hair stations each with large fixed mirrors and storage units, wall mounted hood dryer, wall mounted climazone
Rear section - includes 3 x relaxing black leather backwash units, 1 x single backwash sink, 2 x remote hood dryers
Ladies and Gents toilets
Rear colouring room, staff kitchen and staff room - this space would make an ideal treatment roomCellar:
Large space currently used for storage but could also be further utilised to house a new staff room area.Tenure
Leasehold, offering a new 16 year lease at £18,000 per annum.Hours
Monday to Thursday - 9am to 6pm
Friday - 9am - 8pm
Saturday - 9am to 5pm
Sunday - closedStaff
The salon currently employs a full time Manager/ Stylist, 2 x full time stylists, 2 x part time stylists and 2 juniors.Financial Profile
Turnover of £141,346 with a net profit of £28,418