For sale £88,000 - General Retail, Hair & Beauty
This is a very well established and highly regarded concern, which enjoys all the considerable commercial advantages of a fantastic and much sought-after trading position among other complementary outlets on the High street of Birmingham
Operating from superbly fitted and presented parade salon premises, the business is currently primarily equipped to the very highest industry specifications for the provision of a full range of traditional and contemporary hair design, styling and colouring services for both sexes, There is an additional two beauty rooms facilitated to offer a range of beauty treatments ,with an on-site photographic studio that contributes to an additional source of income together
“The business” also conducts a highly complementary retail operation of an exclusive range of hair care and beauty products and would naturally furnish any enthusiastic purchaser with considerable scope for continued growth, not least with regard to possible expansion into other areas of the highly diverse hair and beauty services and retail market. The business would also benefit by adopting a more vigorous marketing policy of its excellent existing facilities and services, particularly through its informative dedicated website and a current data base of 12000 clients in order to improve upon the already impressive levels of turnover and it has achieved in the course of some five years’ trading in the hands of a limited company with the aid of an experienced and motivated team of seven full-time highly qualified trained stylists and three stylist assistants along with a great front of house representative with management potential .This would be an asset to any purchaser , and we would unreservedly recommend a viewing .
Financial Information Current turnover in excess of £300,000 per annum with good profits and scope to increase.
Lease The premises are being offered with a benefit of a secure renewable lease with approximately 8 years of the current term remaining and a review in three years’ time .
Rent The current rent stands at £30,000 per annum, a figure which we understand is also off-set by sub-letting income from the private photographic studio and beauty rooms (approx. £10000 pa)
Business Rates & Council Tax We are informed that the Business Rates payable currently stand at approximately £20,000per annum
Trading Hours Monday 10am -6pm Tuesday- Thursday 10am – 8pm Friday Saturday 9-6pm
PROPERTY DESCRIPTION Fitted and presented to superb industry specifications throughout, these substantial and extremely well maintained parade premises provide truly outstanding and highly functional internal Business accommodation which, to the Ground Floor briefly comprises an inviting glazed public entrance directly off the main shopping area into a bright and welcoming client reception area with seating for waiting customers, high quality purpose-built display shelving for an exclusive range of Kerastase and Loreal hair care and a prominent, fully fitted service counter with full complement of telephone and modern payment and appointment bookings systems. Boasting feature intimate spotlighting and quartz tiled flooring throughout for easy cleaning, the reception area, in turn, opens onto a main, attractively appointed and deceptively spacious unisex hair salon housing a full complement of mirrored styling stations, together with the usual hair drying facilities and a dedicated shampoo salon area with fully equipped washing stations.
The first floor comprises of a further eight styling stations and two fully equipped washing stations, further seating for clients ,rest room and Kitchen.
The business also has an annexe for a photographic studio/ beauty treatment room , independently run and earns the salon approximately £10000 per annum
POINTS TO NOTE –Prime City Centre Location , State of the Art fixtures and fittings , Two Storey property with Annexe , 12000 data base and growing , Busy thoroughfare for Shoppers and Office workers ,Fantastic Website with on line bookings ,14 Styling Stations , 4 back Wash facilities , £150,000 was invested in designing the business only 5 years ago a further £20000 invested in December 2011 for a refit and lastly a fantastic professional team of seven Stylists .
Sale price offers £120,000 incl ff&e and stock ( £30000 )
The property also enjoys the benefit of heating/air conditioning (comprising of three state of the art Mitsubishi ceiling cassettes worth approximately £6000 each . The property is also fully equipped with an integrated surround sound music system, in addition to the added security benefit of a full alarm system.
Externally To the exterior the business premises are prominently signed and attractively presented and afford extensive and inviting display window space onto a high footfall metropolitan retail thoroughfare.
Fixtures & Fittings The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price.