Popular Independent Salon in Greater Manchester

Leigh, Wigan
REF: S05941

Asking Price:
£130,000
Annual Turnover:
£118,000
Annual Net Profit:
£28,000
Featured
REF: S05941

Overview

Tenure:
Leasehold
Established:
2010
  • Large and loyal customer base
  • High footfall location
  • Well-trained staff
  • Great reputation
  • Fully-equipped salon

This highly popular and independent salon located in Greater Manchester is now available to an interested, enthusiastic buyer.

For over 10 years, the business has been operating as a well-run independent salon which has enjoyed year on year growth both in terms of client numbers and financial figures. Its team of dedicated staff take pride in making customers feel and look their best, completing everything from nail and eyelash treatments to make-up and massages to an exceptionally high standard. Over 1400 clients exist on the business’s database, 64% of whom provide the salon with repeat business. Awarded 5 out of 5 from Phorest for Best Customer satisfaction for 3 years running, it is no surprise that around 30 new clients visit the salon each month.

With a large customer base and a team of experienced staff, the new owner is well-equipped to lead the business to future success.

The salon trades from a single-fronted, terraced property which is spacious enough to house the salon’s equipment and provide clients with a comfortable, relaxing experience. Customers are greeted by the salon’s reception and colourful interior upon entry. To the right are 2 beauty workstations and to the left lie 4 nail stations alongside a door leading to 2 toilets and a separate spa room. Beyond this is a pedicure room with a spray tan booth. Double doors open onto a kitchenette and corridor leading to the main massage room and spa.

All stock is included with the sale of the salon, however, the business name would not be available to the new owner due to the current owner’s plan to pursue their current wholesale business under this name.

Minimal marketing has enabled the business to achieve success organically through word of mouth. Its Facebook and Instagram pages, however, show a comprehensive list of services and prices and showcase praising reviews from delighted customers.

Appealing to a current salon owner-operator looking to grow through the acquisition of an enormous client base, or an individual with a passion for all things beauty, a new owner could capitalise on the salon’s current economical and geographical position to take it to the next level.

At present, the salon is turning down work. To meet this high demand, it would be advisable that the new owner employs additional staff, with the capacity to grow by 30%.

The current owner would be willing to stay on for a generous transition period of up to 1 year, to bring the new owner up to speed with daily business operations.

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  • Busy town location
  • Ample passing trade
  • Residential area
  • Parking close by
  • Good transport links
Rent
£16,500
Rates
£3,600
Lease Term
10
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
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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