Established Hair Salon & Nail Bar

Lincoln, Lincolnshire
REF: 05594

Asking Price:
£35,000
Annual Turnover:
£73,000
Annual Net Profit:
TBC
REF: 05594

Overview

Tenure:
Leasehold
Established:
1966
  • High footfall location
  • Large and loyal clientele base
  • Impressive annual turnover
  • Excellent customer service
  • Fully-fitted property

With minimal overheads and high financial gains, this profitable hair salon based in Lincoln would provide any new owner with a sizeable source of income. Established in 1960, the traditional salon has been providing outstanding service to the surrounding local community from its high footfall location since it first opened.

Operating as a hair salon and nail bar for over 40 years, the business offers a range of hair and nail treatments, tailored to suit customers’ needs which leave them feeling truly pampered and excited to return for their next treatment.

Clientele mainly consist of local residents and employees within the locality, many of whom favour the salon for its friendly, highly skilled staff and undoubtedly convenient position in a fashionable area of town.

A new owner now has the chance to take hold of this business’s loyal customer base and high quality premises in order to expand upon its current success.

Business runs smoothly from a well-fitted and double fronted property, which possesses a full CCTV system. Upon entering, clients are greeted by an open plan salon floor, a large customer desk situated at the front for professional customer service. Six haircutting stations, each with its own chair and mirror, are positioned around the salon, as well as a nail bar, one front and one back washbasin. To the rear, a small staff and storage room can be accessed by staff, with a bed used for waxing treatments.

The current proprietor would be willing to stay on for a transition period to help the new business owner with initial dealings.

With no expenditure on advertising since its inception, the salon has grown its reputation and customer base organically, solely through word of mouth reviews.

Ideal for a current salon owner or entrepreneur interested in hair and beauty, a new owner could make some prominent changes which would help shape the business’s future in terms of incremental profit. Increasing advertising through online mediums such as Facebook, Twitter and Instagram, as well as creating an interactive website would allow the salon to increase its customer reach, bringing in further trade. Extending the business’s opening times to accommodate for busy weekday workers would also provide the salon which an additional chance to increase takings. Pushing the product sales side of the business further by through staff recommendation would also assist in driving revenue.

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  • High footfall location
  • Close to local businesses
  • Ample passing trade
  • Plenty of parking close by
  • Minimal competition
Rent
£3,744
Rates
TBC
Lease Term
Rolling lease
Lease Expiry
###
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
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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