Well-Established Hair Salon in Norfolk with freehold option

Norwich, Norwich
REF: S07901

Asking Price:
£90,000
Annual Turnover:
£132,971
Annual Net Profit:
£63,398
REF: S07901

Overview

Tenure:
Leasehold
Established:
1980
  • Fantastic reputation with loyal client base
  • Well-established
  • Huge growth opportunity
  • Spacious, well-equipped premises with equipment included in sale
  • Low overheads
  • Friendly, professional team

The business for sale is a leading hair salon in Norfolk with a specialism in scalp treatments. With more than 40 successful years of delivering great hair results, the salon has developed an outstanding reputation due to its flawless service, spacious and immaculately presented premises, and a wonderful team of self-employed staff who have been working at the salon for years. Clients also value the warm, welcoming atmosphere they receive.

It offers a comprehensive range of hair and scalp treatments which have proven popular amongst its large client base which includes tourists looking for weekend retreats, as well as those in the surrounding area. The salon is always fully booked and most of its trade comes from recommendations. Additionally, it has a large take-home area with top-end, luxury products available to recommend to clients. The large collection of 6 premium brands has become a sustained income stream for the business, with an average of £600 in sales per week.

With option to buy the freehold, a new owner has the option to change the versatile premises to function as a business of their choice, or even to convert to a residential property.

The spacious, well-presented salon is located in the market town of North Walsham in Norfolk and has its own car park. It is very near to Cromer, a high school and a sixth form college, with the town's largest car park opposite the salon.

Clients are welcomed into a computerised reception area with numerous shelves of products to take home. They then enter Room 1 which has 5 styling chairs. It also provides access to Room 2 which hosts 2 stations with wash basins, another chair, 2 storage cupboards, and stairs to the upper floor. Upstairs there is a hallway which gives access to a W/C, staff kitchen, and 2 more treatment rooms. Room 3 has 2 chairs and a third wash basin, whilst Room 4 provides another 2 chairs. The premises are superbly presented with plenty of natural window light throughout.

All equipment, fixtures and fittings are incorporated into the sale price and the vendor can provide a transitional period. The vendor owns the freehold and so a new lease can be negotiated.

This is an ideal opportunity for an existing operator in the hairdressing industry who is looking to expand their business activity by taking on a thriving and very well-established salon.

The new owner will be presented with several avenues to achieving further growth of the business. Firstly, extending its opening hours will enable the salon to work at a greater capacity and offer better flexibility for clients. Secondly, the buyer could consider expanding the current list of services and treatments to maximise its appeal amongst its target market. Thirdly, the new owner can implement an advertising campaign to increase awareness of the salon and entice new clients to visit the salon, thereby growing the customer base and consequent revenue levels.

The business is now available for sale due to the vendor’s upcoming retirement after founding the salon and dedicating over four decades of hard work to create its present-day success.

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  • Market town location
  • High street location
  • Close to local businesses
  • Close to schools
  • Good transport links
  • On-site car parking
  • Nearby car parking
Rent
£7,200
Rates
£0
Lease Term
5
Lease Expiry
2026
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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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