Central Hair and Beauty Salon in Reading

Reading, Berkshire
REF: S06837

Asking Price:
£14,995
Annual Turnover:
£50,335
Annual Net Profit:
£12,121
REF: S06837

Overview

Tenure:
Leasehold
Established:
2017
  • Immaculate, well-equipped salon
  • Wide range of hair and beauty services
  • High client retention rate
  • Low overheads
  • Great local reputation

This is a brilliant opportunity to take on a popular hair and beauty salon situated in the heart of Reading.

Renovated to a very high standard, the salon provides a welcoming, relaxing setting for its loyal clients to enjoy a variety of professional hair and beauty treatments. Its central location affords it great exposure and accessibility for both customers and staff.

Offering classic hair, nail and make-up services as well as innovative treatments such as facials and eyebrow threading, the salon has an unmatched reputation in its locality, despite other salons also operating in the area. Its large base of regular clients comprises a large portion of the local Chinese and wider Asian community, with around 60% being male. Currently run by the owner and one full-time member of staff, the salon benefits from having low overheads.

Its strong standing in the local community since 2013 has solidified the business’s unrivalled reputation, which any new owner could utilise to their advantage.

Operating from the ground floor of a grade 2 listed building, clients enter into a reception area and immediately notice the well-lit, open plan salon – complete with 4 hair stations, each with their own full-length mirror. Further back is the nail bar which contains a backwash basin and pedicure chair. Toilets and a kitchen area lie to the rear. The basement hosts a tranquil treatment room alongside another currently unused room.

All equipment, with a value of around £20,000, is included in the sale. Marketing takes place through an attractive, fully-optimised website which outlines its services, prices and contact details. Its social media presence on Facebook and Instagram also help to promote the salon.

This is an unmissable opportunity to acquire a well-established city centre salon with a great reputation and a large list of returning clients. Ideal for an owner-operator of a current hair salon, or a stylist looking to take on their own venture, a new owner could take steps to grow the business further.

Implementing marketing initiatives such as leaflet drops which advertise special offers would be a great way to gain further exposure. Taking on additional staff would also help the salon run more efficiently, as would converting the unused room into a separate beauty room.

The existing owner is willing to stay on for a transitional period for as long as required.

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  • City centre location
  • Commuter belt
  • Parking nearby
  • Good public transport links
  • Fashionable location
Rent
£16,740
Rates
TBC
Lease Term
10
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
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Current Ownership
XXXX
Management Structure
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Number of Employees
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