Ref 6838 – Leasehold Hair Salon
Blacks Brokers are pleased to bring to the market this leasehold hair salon located in a busy residential area close to the centre of Leamington Spa, Warwickshire.
M & F Hair has been trading on Shrubland Street since 2013. Our client took ownership in 2015 after being employed here previously. The business is well known and has a good reputation with a large base of regular customers and excellent reviews noted on Google and Facebook.
The business is positioned on a busy road within a parade of shops. This is close to many residential properties as well as a range of independent businesses and large multiples including Asda. The area is well linked by the M40 with good public transport links and free roadside parking is available in the immediate vicinity.
The business is ideally suited to a hands-on owner-operator but due to our client’s long distance commute becoming difficult, it is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The current lease is a rolling monthly lease and runs at a cost of only £115 per week. A new owner can negotiate a new lease with the landlord.
M & F Hair operates from a single storey mid terraced property within a parade of businesses. The business has branding displayed above the main entrance. Inside, the salon area is well presented with tiled flooring throughout and one styling station at present – there is plenty of room to introduce more. There is also a kitchenette to the rear and toilet facilities.
The business is currently operating our client only in employment.
M & F Hair has traded well since opening. We are advised that the business currently has annual turnover of £20,000. Full financial details are available upon viewing. It is to be stressed that the business is currently being run at a pace to suit the owner and there is scope and demand to extend opening hours and days to provide a more consistent level of service to regulars.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position on a busy road and has a good base of regular customers. There is plenty of scope to develop the business further with the introduction of longer opening hours and days along with the addition of more styling stations, staff and potentially beauty services and product sales. 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: £15,950.
Please quote ref: 6838