Long-Standing & Friendly Hair Salon in Essex

Braintree, Essex
REF: INT1905

Asking Price:
£55,000
Annual Turnover:
£81,000
Annual Net Profit:
£21,000
REF: INT1905
Photo of Long-Standing & Friendly Hair Salon in Essex
Photo of Long-Standing & Friendly Hair Salon in Essex
Photo of Long-Standing & Friendly Hair Salon in Essex
Photo of Long-Standing & Friendly Hair Salon in Essex

Overview

Tenure:
Leasehold
Established:
1992
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business

We are delighted to welcome to the market this unique opportunity to acquire a well-established hair salon, which has an ideal location in a busy Essex town.

The current premises have been used as a hair salon for over 100 years, with the business renamed in 1992. The current owner took over the company in 2005, successfully maintaining the salon’s excellent and established reputation and retaining its clientele.

They offer customers a wide range of services, including cuts, blow dries, colours, highlights, hair extensions, perms, and much more. They also provide haircuts for men and children.

The company’s long-standing and loyal clientele currently comprises 80% women, aged 2 to 90. Most of their customers are locals, but due to the salon’s brilliant location, they also attract large volumes of passing trade.

Alongside the current owner, the professional and highly talented team comprises four staff members on PAYE contracts. In addition to this, there’s one chair available to rent. As the team are so experienced, there should be an easy transition for the new owner.

They pride themselves on being a small but friendly and professional salon, which caters to everyone’s individual needs. With huge growth potential and all equipment included, this thriving salon would be the perfect opportunity for an owner-operator, who is an experienced hairstylist.

Located in a three-floor terraced property in the centre of Braintree, Essex, there is very little competition nearby. There are five hair stations, with three on the ground floor and two on the middle floor. On the ground floor, you will also find a reception and a small kitchen. On the middle floor, there are WC facilities, whilst the top floor is currently used as an office and storage space. There is also a further toilet on this floor. The top floor could easily be converted, so the new owner could install more hair stations or use the space for a beauty room.

The building is fully alarmed and comes with CCTV. Outside the premises, there is free street parking for one-hour.

This is a leasehold opportunity with rent payable at a rate of £756.77 per month.

This thriving salon would be perfect for an owner-operator, who is an experienced hairstylist.

There is huge potential for growth with this business, as there is the option to use the third floor as a beauty room.

Furthermore, there is also scope to fill more chairs, which would increase turnover.

The business already has a brilliant, easy-to-use website, as well as a popular presence on social media, with over 2,000 followers on Instagram and nearly 600 followers on Facebook. These platforms act as an excellent sales window for the business. It would be highly beneficial if the new owner continued to utilise and optimise these online channels.

The current owner is happy to offer an initial transitional period, in order to provide a smooth and effiicent business handover.

Features

Key Information

  • Treatments Offered: Hair - Blow Drys, Hair - Colouring, Hair - Extensions, Hair - Highlights, Hair - Ladies' Cuts, Hair - Men's Cuts, Hair - Perms, Hair - Styling
  • Reception Area: Yes
  • Product Sales: Yes

Reputation

  • Google: 4.9

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Website: www.koolkuts.com/

Location

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  • Residential Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£9,080
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
2023
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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