Well-established Hair Salon in Redcar

Redcar, Tyne And Wear
REF: S07416

Asking Price:
£49,500
Annual Turnover:
£75,000
Annual Net Profit:
£20,000
REF: S07416
Photo of Well-established Hair Salon in Redcar
Photo of Well-established Hair Salon in Redcar
Photo of Well-established Hair Salon in Redcar
Photo of Well-established Hair Salon in Redcar

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base
  • Wide Variety of Products & Services
  • Huge growth potential
  • Friendly & Professional Team

The business for sale is a well-established, unisex hair salon which also offers beauty treatments to satisfied, regular clients. This business has three qualified hairstylists who rent chairs, they have been with the business for a number of years.
 
Since establishment over 25 years ago, this business has gone from strength to strength and has become very well-known in the area due to the excellent service it provides.
 
The current owner is now looking for a new owner operator to ensure the continued success of the business.

This business is a well-established, unisex hair salon which has been successfully running for over 25 years. Offering a range of hair and beauty treatments, its main client base are people of a variety of ages for a range of occasions.  

The premises of this business is located on the corner of a busy main road. All equipment is included in the sale of this business.

The business is offered on a leasehold basis. Rent is payable at £11,500 P/A with 22 years remaining on the current lease.

This is a unique opportunity to acquire a well-established salon in the town of Redcar with a client base of regular, satisfied customers. The new owner would be excited to take on a salon with a wide and varied service offering.
 
This business has excellent potential for growth and could be developed further by opening for more days and longer hours. This business currently has a successful website, Facebook and Instagram page, but could be developed further by using these platforms to advertise. This business could also be grown by adding extra services such as hair extensions and by considering providing special occasion packages.
 
This business would be best suited to a qualified stylist who wants to branch out on their own, or an already established salon owner who wants to grow their portfolio.
 
The current owner is willing to stay on for a transition period to ensure the smooth handover of the business.

Location

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  • High Street Location
  • Close to Local Businesses
  • Good Transport Links

Property

Annual Rent
£11,500
Annual Rates
TBC
Lease Term (Years)
25
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
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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