Established and Thriving Hair Salon for Sale in Coleshill

Birmingham, Warwickshire
REF: INT3013

Asking Price:
£54,999
Annual Turnover:
£96,986
Annual Net Profit:
£38,255
REF: INT3013
Photo of Established and Thriving Hair Salon for Sale in Coleshill
Photo of Established and Thriving Hair Salon for Sale in Coleshill
Photo of Established and Thriving Hair Salon for Sale in Coleshill
Photo of Established and Thriving Hair Salon for Sale in Coleshill

Overview

Tenure:
Leasehold
Established:
2011
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads

Now on the market is an established hair salon with a loyal client base operating from the affluent Coleshill area. The business has been long standing and operating under the current ownership since 1994 before being limited in 2011

This salon has a stellar reputation with a 5* rating on Facebook and a 4.6* rating on Google. One review states, "I've been going here for years, and always walk out happy. I've had many different styles and colours over the years and EVERY time they've been perfect. I also had the salon do my, and my bridesmaids, wedding hair and it was perfect. Would totally recommend."

Services offered include Blow Dry's, Women's haircuts, Curly Haircuts, Balayage, Hair Braiding, Hair Colouring, Hair Treatment, Perm, Wig Installation and Children's haircuts.

Also included within the sale is a flat above with a long-standing sitting tenant in place.

This would be an excellent acquisition within the hair and beauty industry.

Blades Hair Salon will only be 1 mile away from HS 2 Coleshill station when completed. It is near the central hub before going north or onto Birmingham central station and is very close to M6 and M42.

The business is based in an elegant Georgian townhouse consisting of a ground floor salon with a front reception, raised rear wash area and nail bar. The 1st and 2nd floor flat consists of a separate back entrance to the flat, 2 reception rooms, a large kitchen on the 1st floor, 2 large bedrooms, a bathroom and separate toilet.

Included Assets:
7 salon chairs
6 styling units
5 trollies
1 nail bar section
2 fixed backwash basins
Computerised booking system
Perm rollers
Velcro rollers
Colour Stock as valued.

Marketing has largely been through referrals and reputation along with some digital marketing through a website, Instagram and Facebook. There is great potential to grow the business through enhancing their digital marketing sphere.

There is scope to offer additional chair rents which would help grow clientele. This business operates 9-3:00pm on Tuesdays Wednesday 9-4pm, 9-7pm Thursday, Friday 9-6pm and 9-4pm on Saturday so there is an opportunity to extend operational times and to open on Mondays and/or Sunday.

Currently, the demographic is ladies and children so there is an opportunity to widen this clientele to include gents.

Features

Online Presence

  • Facebook: Yes

Location

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  • High Street Location
  • High Footfall

Property

Annual Rent
£9,500
Annual Rates
TBC
Lease Term (Years)
15
Lease Expiry (Year)
2038
Accommodation Included
Yes
EPC Rating
TBC

Financial & More

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