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Business Hilton Smythe is delighted to introduce to the market Sax Hair Salon. This thriving business has been successfully run by our client for some 32 years and is very well supported by the local community, it is now for sale due to our clients well deserved retirement.
Sax Hair Salon offers a friendly and comprehensive service for gentlemen, ladies and children with a good mix of clientele from children, teenagers and upper age groups. The business has a fantastic reputation with our client seeing much repeat trade and word of mouth recommendations with many generations from the same family visiting the salon, so much so that no advertising has been necessary.
The business reports a healthy turnover of just over £52,000 and an excellent gross profit circa 97%. The business also benefits from a peppercorn rent.
Although compact, the salon is bright and airy and is very well organised using the most of the internal space, boasting 5 styling stations and 2 back wash positions, allowing the new owner to walk in and start trading immediately.
We believe the new owner could easily extend opening hours and embark on a modest marketing campaign to further income if required.
The business genuinely comes to the market as our client looks towards a well-deserved retirement and we highly recommend early viewing of this well-established business.
Location The business is located in the village of Boothstown within the City of Salford, Greater Manchester.
Sax Hair Salon sits within a densely populated residential area from which the business derives much trade. The business sits on the busy A577, and is located on a major bus route with services running regularly throughout the day, conveniently there is a bus stop within walking distance ensuring good footfall.
Boothstown is located just off the arterial A580 East Lancashire Road, a main commuter road into the City of Salford and the City of Manchester. The towns of Wigan, Astley, Walkden and Worsley are all easily accessible from the village.
Premises A single fronted terraced premise briefly comprising:-
Good signage with canopy frontage.
Well-presented salon area with wood effect lino flooring, 5 styling stations, 2x back wash positions, Climazone and wall mounted Avant hood dryer, hand dryers for each station and towel rack to wall.
Small reception desk and waiting seating area.
Through to part shelved stockroom and toilet.
Tenure We are advised leasehold. A new 5 year lease is in place from October 2018. Peppercorn rent at £380 per month
Hours The business opens: Tuesday to Thursday 9.00am – 2.00pm Friday 9.00am to 6.00pm Saturday 9.00am – 4.00pm Closed Sunday and Monday.
Staff The business is owner run and managed with the assistance of 1 full time (30 hours) and 1 part time (16 hours) members of staff.
Financial Profile The business reports a healthy turnover of just over £52,000 and an excellent gross profit circa 97%. The business also benefits from a peppercorn rent.
For more information about this property, please contact Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Business Sales about this property
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