Ref 6829 – Leasehold Hair & Beauty Salon
Blacks Brokers are pleased to bring to the market this leasehold hair & beauty salon located in Stoke-on-Trent, Staffordshire.
Angel Hair & Beauty has been trading from High Lane since 1982 when our client established the business. The salon offers a range of hair and beauty services including hair design, cut and colour, blow dries, curly blow and permanent make up application. Our client has secured a large base of regular customers and excellent reviews are noted on Google and Facebook.
Angel Hair & Beauty is positioned on a busy main road within a popular residential area of Stoke-on-Trent. The area is well linked by the M6 and A500 with excellent public transport links and free parking in the immediate area. Burslem Golf Club and Stoke-on-Trent college are both within a short distance.
Angel Hair & Beauty is ideally suited to a hands-on owner-operator but due to our client’s desire to retire, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
A new lease will be negotiated with our client upon sale of the business. The rent will be £139 per week.
Angel Hair & Beauty operates from the ground floor of a single storey, end of terrace building. The business is well branded with large canopy signage and glazed windows. Upon entrance you are greeted by a reception area with a desk and seating. The main salon is beautifully presented with four styling station with mirrors and trolleys along with a nail desk and two back wash sinks. There is wooden flooring, coloured and chandelier lighting throughout. To the rear is a kitchen area and there is also a separate tanning room and toilet facilities. All areas are finished to a very high standard.
The business currently operates with our client working on a full time basis supported by one part time member of staff.
Angel Hair & Beauty has traded solidly for many years. We are advised that the business has Year End Accounts up to 31.01.2019, with an Annual Turnover £21,230 (Audited 21.01.2019) and a Gross Profit £18,450 (Audited 21.01.2019). The business also sells a range of hair and beauty products which contributes to the current turnover. Full financial information will be available after viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupied a fantastic trading position in an affluent residential area of Stoke-on-Trent. There is plenty of scope to develop the business further by expanding the range of beauty services on offer – perhaps introduce a wedding package or prom packages. Longer opening hours and new opening days could also be beneficial along with a new online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £18,995.
Please quote ref: 6829