Ref 7963 – Leasehold Hair Extension Salon & Training Academy
Blacks Brokers are pleased to bring to the market this leasehold hair extension salon and national training academy located in Glasgow.
Flawless Glasgow was established by our client in 2019, moving to this bustling central area of Glasgow in 2021. The business specialises in hair extensions and online training taking place via an online portal covers the whole of the UK - some training days are done in different cities around the UK, giving potential to relocate or franchise if preferred. The business has become very well known in this area and sector and has a strong base of repeat customers in place as well as benefitting from a good amount of additional trade generated by word of mouth recommendations and referrals. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Treatwell. Flawless Glasgow has three comprehensive websites in place – Training Academy, Salon and Product sales.
Flawless Glasgow occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. The city centre is also home to museums, hospitals, a university and much more. The area is well linked by the M8 with very strong public transport links and parking is available in the surrounding area.
The business is ideally suited to a hands-on owner-operator but due to our client’s other commitments and lack of time to dedicate to the business, 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 building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2021 at a cost of £481 per week.
The business operates with four members of staff in employment – this includes our client working on a full time basis and one full time manager.
Flawless Glasgow has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st August 2021 show annual turnover of £189,078 and gross profit of £104,862. Full financial information is available upon request.
This profitable business occupies an enviable trading position in a sought after area of Glasgow. Our client has secured a strong customer base for both the salon and the training academy and both have an exceptional reputation. The academy in particular, is growing at a good rate with over six hundred enrolled students across the UK – this is mainly due to the online teaching portal. This could be greatly increased with a bigger team and further direct training could potentially be implemented across the UK by visiting more cities on a more frequent basis. There is also scope to expand in terms of franchising the courses across the UK as well for more permanent settings. This proposition would ideally suit an owner operating team able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £190,000.
Please quote ref: 7963