Popular Hair & Beauty Parlour in Wokingham

Wokingham, Berkshire
REF: 05574

Asking Price:
£90,000
Annual Turnover:
£128,000
Annual Net Profit:
£18,882
Recently Sold
REF: 05574
Photo of Popular Hair & Beauty Parlour in Wokingham
Photo of Popular Hair & Beauty Parlour in Wokingham
Photo of Popular Hair & Beauty Parlour in Wokingham
Photo of Popular Hair & Beauty Parlour in Wokingham

Overview

Tenure:
Leasehold
Established:
2008
  • Professional services
  • Great reputation
  • Present on Facebook
  • Busy location
  • Good growth potential

This is a stellar opportunity to acquire a well-established salon which specialises in high-quality hair and beauty treatments at cost-effective prices.

Since its inception in 2008, the business has grown consistently year on year and through keeping low overheads, has successfully generated high annual turnover.

With an exceptional standing in the local community, this is brilliant business which has set strong foundations and is now ready for a new buyer to acquire.

This is a reputable and well-operated salon which offers an assortment of expert salon services which include haircutting, styling and colouring, facials as well as manicures.
Competitively priced, the business caters primarily for female customers and through ensuring a reliable and friendly service, has amassed a large database of clients.

It currently trades from a double-fronted, semi-detached building which features clear exterior signage displaying the business name. Internally, the spacious floor is comprised of six hair station and two wash basins. There is a beauty room to the back which is used for nail treatments, massages, facials and spray tanning. There is also a washroom facility and kitchen on-site.

Trading consistently all year round, the business operates five days a week, Tuesday to Saturday.
With minimal advertising undertaken, the salon has grown mainly through word of mouth and manages a Facebook page which aids advertising, has 380+ followers and a strong customer rating. It also has over 150 followers on Instagram.

Intelligent Business Transfer are excited to offer for sale a successful and popular business that has acquired a loyal clientele through its location, professionalism and ability to keep customers returning for treatments.
Since its conception nine years ago, the business has experienced steady growth and last year generated high annual income in excess of £128,000.
This is an ideal platform for those in the hair and beauty industry who wish to acquire a base for their services and will also appeal to an owner-operator looking to function from this geographical location.
There exist a number of growth opportunities.

The salon could be further expanded through increased staffing and local advertising. Employing more qualified beauticians would also allow it to expand the range of services it offers.
A new buyer could implement an informative website and incorporate an advanced online booking system to allow users to make appointments with the salon more efficiently. They could also make use of social media such as Facebook, Twitter and Instagram accounts to boost exposure to its services.
Customer loyalty schemes and special offers could also be presented to existing customers to guarantee repeat custom. This could significantly increase the yearly income.

The owner has requested Intelligent Business Transfer to find a suitable buyer. The vendor is willing to aid the transition to new management for up to 3 months.

Features

Online Presence

Website: www.geoffreyfranx.com

Location

Property

Annual Rent
£6,400
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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