Hair & Beauty Salon in North Yorkshire

York, North Yorkshire
REF: 01933

Asking Price:
£49,950
Annual Turnover:
£120,000
Annual Net Profit:
£30,000
Reduced
Recently Sold
REF: 01933
Photo of Hair & Beauty Salon in North Yorkshire
Photo of Hair & Beauty Salon in North Yorkshire
Photo of Hair & Beauty Salon in North Yorkshire
Photo of Hair & Beauty Salon in North Yorkshire

Overview

Tenure:
Leasehold
Established:
2000
  • Huge growth potential
  • Excellent Reputation
  • Friendly & Professional Team

This is an extremely well fitted business that occupies a demanded position within the racecourse facing retail building in Dringhouses.

The York based salon has been trading for over a decade and has gathered an exceptional reputation within the city.


There is a competent staff structure in place that has developed the business furthermore over the past few years.

There is huge potential to develop the award winning salon and increase the trade with owner operation.

This dynamic salon trades from an immaculate lock up unit that makes excellent use of the available space within a large open plan lock up unit. The unit has been in use as a salon for many years and is well known in the area. The townhouse style unit is well signed and recognised locally.

There is an abundance of workable space within the rooms that the business trades from. The main hair salon is open plan and has a reception desk that overlooks five chairs with individual mirrors and stations.

The upper floor of the business has been well developed and is bursting with original character. This now offers a nail bar as well as a separate beauty room with a massage bed for spa treatments. There is also a further 3 hairdressing work stations on this floor. Overall the salon is in a strong condition and is in need of no work whatsoever.

Intelligent Business Transfer are delighted to bring this incredible opportunity to purchase a hugely favoured hair and beauty salon to the market for the first time in its current state. The business is specialised and approved by national brands within the hair and beauty sector. The salon can be wholly staff run as an option.

The business is located within a demanded trading location on the popular Tadcaster Road in Dringhouses, York. There is huge footfall outside the business which is captured by modern signing and external branding. The salon benefits from very encouraging overheads due to a favourable leasehold agreement with a local landlord.

The business has many accolades and is currently staff run with owner management and a flexible and fair rent a chair profile. There is huge potential for the business to double its productivity with owner partnership operation. The current owners rent out the beauty room to a beautician which provides regular income for the owner.

The business has reached a position of strength in its finances and has continued to trade profitably during less favourable economic climes; this suggests the solidarity and quality of the opportunity. Currently, the business takes just over £2,300 in weekly revenue that can comfortably provide a strong end of year profit of £30,000.

The salon has an original value of £65,000 but is now priced for a quick sale. The business is being sold due to planed emigration for the owner. The transformation and efficiency of the business is a credit to the owner who welcomes a quick sale.

Location

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
E 101-125

Financial & More

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

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