Popular Hairdressing Business in Wolverhampton

Wolverhampton, West Midlands
REF: INT2064

Asking Price:
£95,000
Annual Turnover:
£66,000
Annual Net Profit:
£29,000
REF: INT2064
Photo of Popular Hairdressing Business in Wolverhampton
Photo of Popular Hairdressing Business in Wolverhampton
Photo of Popular Hairdressing Business in Wolverhampton
Photo of Popular Hairdressing Business in Wolverhampton

Overview

Tenure:
Leasehold
Established:
1999
  • Excellent Reputation
  • Friendly & Professional Team
  • Low Overheads
  • Equipment Included
  • Wide Variety of Products & Services

An exciting opportunity has arisen to purchase a popular hair and beauty salon in Wolverhampton, offering a wide range of hair services and beauty treatments.

Based out of a modern and friendly salon located near Wolverhampton town centre, their brilliant and highly trained team offer hair care services such as cut and blow-dries, colour treatments, Olaplex and more. Furthermore, beauty treatments such as facials, exfoliations, spray tans and hair removals are also available, alongside massages and manicures and eyelash extensions.

Their wide and varied range of services makes this business extremely popular within the local area, as demonstrated by their brilliant reviews praising their friendly and welcoming approach.

This business would be a great opportunity for someone a trained beauty professional looking to break out with their own salon, or an existing owner looking to expand geographically.

The business comes fully equipped for all hair and beauty services, with three part-time staff members and the vendor offering hair and beauty treatments.

This is a leasehold opportunity, currently operating on a rolling lease. However, a new long-term lease can be negotiated with a potential new vendor. Furthermore, there is a beauty room upstairs within the salon, which offers the opportunity for beauty treatments or to be sublet.

The salon has been maintained to a high standard, with a stunning and modern look both inside and out.

The business has great growth potential thanks to its extensive hair and beauty service list and established reputation. With an ambitious new purchaser, this business would be thriving in Wolverhampton and the surrounding areas.

Focusing on social media channels, such as Facebook and Instagram, and implementing growth strategies would be highly beneficial to generate new potential customers. Also, developing a website through which customers can book appointments directly and would make the salon more accessible.

There is also scope to hire more hairdressers and extend the opening hours for the salon. This will give the salon more capacity to service more customers and increase turnover.

Features

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Location

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

Property

Annual Rent
£4,200
Annual Rates
TBC
Lease Term (Years)
1
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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