Long Established Hair Salon in Teeside

Redcar, Cleveland
REF: 03847

Asking Price:
£115,000
Annual Turnover:
£180,139
Annual Net Profit:
£59,000
REF: 03847

Overview

Tenure:
Leasehold
Established:
1978
  • Long running business
  • Option to purchase as a Freehold
  • Prime trading location
  • Well fitted premises
  • Solid annual turnover

Being sold as a going concern. Popular with the local inhabitants of Teeside, this based business is a multi-functioning hair and beauty salon, providing a range of professional services.

Having experienced consistent year on year growth, this business has acquired a solid reputation and loyal customer base since it began trading in 1978.

A new owner is presented a lucrative platform which has maintained low overheads to generate high yearly takings with healthy profit margins.

This is a well-operated hair and beauty salon which offers an exclusive range of unisex services which include: hair styling, colouring, perms, manicures/pedicures, eye treatments, waxing, massages as well as teeth whitening and non-surgical facelifts.

It functions from a sizeable three-storey building which features a double window front with clear business signage across the top. Internally, the premises is comprised of a sizeable open plan floor with a waiting/reception area to the front. The main salon area comprises of five wash stations, 10 stations for colouring/cutting and 16 seats for drying etc. The salon space is well equipped and features modern fixtures and fittings.

The upper level floors are made up of three treatment rooms of varying sizes which are well equipped with massage beds, nail treatment stations, portable utility carts and various other equipment. There is a toilet facility as well as smaller reception/waiting area.

Intelligent are extremely pleased to offer for sale this highly desirable hair and beauty salon which offers a range of quality services to its local inhabitants and is primed for additional expansion.

Established in 1978, the current vendors took over operations in 1991 and continued to drive the business forward. A new owner is presented with many possibilities to further grow the business including Increasing trading hours and operating all days of the week, employing more qualified workers would also enable it to carry out more appointments on a daily basis, which would increase the weekly takings. The implementation of an online booking system and an ecommerce site would further boost revenue and allow customers to efficiently make appointments online and purchase beauty produces from the store.

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  • Located in Teeside
  • Situated on a busy main road
  • Close position to the town centre
  • Easily accessible via public transport
  • Complimentary business nearby
Rent
£13,000
Rates
£0
Lease Term
by neg
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
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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