Hilton Smythe welcomes to the market jw Hair and Beauty.
Established by our clients in 2012 and now offered for sale to allow them to concentrate on other business interests. The business is being offered at £20,000 under market value to gain a very quick sale and includes a new 10 year lease making this salon business highly sought after.
The business enjoyed a 12 % turnover increase on the previous year.
The modern salon offers all services from cut and finish, shampoo and set, straightening, full head tint, root retouch, highlights, t section and permanent colouring with a choice of stylist, senior stylist or director levels.
The relaxing beauty spa offers both beauty and holistic treatments from manicures, pedicures, facials, microdermabrasion, eyelash extensions and tinting, spray tanning, waxing and sugaring, massages, choice of alternative therapies, an infrared sauna, vibration plate and very popular stand up sunbed (only 1 in Lymington).
The beauty spa can be hired out privately for special group pamper occasions and parties.
The business offers a unique voucher purchase scheme where their loyal customers can purchase vouchers in advance and then redeem them for any treatments which is extremely popular with over 500 vouchers sold in 3 months.
Our client is also very proud of their own label hair and beauty products sold within the retail reception area.
Included in the sale is an active Facebook page with 1,200 followers.
Opportunity to further grow sales would be to extend current hours and open Sunday and Monday, add more later closing evenings, retail sales vouchers and there is an excellent potential to open a Hair Training Academy as well as increase the number of staff working in both the salon and beauty spa.
Hilton Smythe advise early viewing to avoid disappointment.
J W Hair and Beauty is located in the town of Lymington, Hampshire. A beautiful port town within the New Forest.
The salon enjoys a large corner position with 2 adjoining units on Rashley Mews, a select development of shops just behinds Lymingtons High street. There is a large customer car park located just behind the business with access to the vibrant high street shops and restaurants.
Lymington’s main post office recently moved to the unit next door to the salon which has resulted in 3 x times the footfall of people both passing salon and using the large pay and display car park.
The port is just 2 minutes’ walk down the High St and array of shops.
The business is located just off the B3054 which connects to the A331 leading directly through the New forest to the A31 and M27 motorway.
Lymington Town main line station is only 2 minutes away and the popular car ferry only 10 minutes which takes passengers to the Isle of Wight.
Unit 9 (salon) - the salon has undergone a complete refresh with new reception area, decor, mirrors and chairs throughout.
Reception area with retail shelving and client waiting chairs, reception desk with Epos till system, card machine, client booking system and further retail shelving.
Main salon- 8 Hair stations with storage, 2 x backwash sink units, customer toilet (disabled friendly), colour storage shelving. Climazone, hood dryer.
Unit 7 (beauty spa)
Sunbed room (owned stand up solarium)
Double massage space (2 x treatment beds) which can be sectioned off
Shower room with toilet
Vibration plate machine
2nd Treatment room which can be divided into two, first with a nail bar and storage. Second consists of a treatment bed, storage and sink.
A 4 x camera CCTV system included.
We are advised the business is being sold as a Leasehold Opportunity.
Original lease length 10 years with 5 remaining, paying a combined rent of £21,600 per year.
We are advised Unit 7 benefits from full small business relief with £0 Rates payable.
Monday - closed
Tuesday and Wednesday - 9.30-530
Thursday - 9.00 - 7.00
Sunday - closed
The business is run and managed by our client who now works part time with the help of 2 employed full time, 1 part time and 1 self-employed member of the team
jw Hair and Beauty generates a combined turnover or circa £192,405 in March 2019 with gross profit of £109,305 and an adjusted net profit of £34,769