Popular Beauty Salon in Coventry

Coventry, West Midlands
REF: INT2606

Asking Price:
£35,000
Annual Turnover:
£36,036
Annual Net Profit:
£30,353
Reduced
REF: INT2606
Photo of Popular Beauty Salon in Coventry
Photo of Popular Beauty Salon in Coventry
Photo of Popular Beauty Salon in Coventry
Photo of Popular Beauty Salon in Coventry

Overview

Tenure:
Leasehold
Established:
2009
  • Excellent Reputation
  • Friendly & Professional Team
  • Huge Growth Potential
  • Low Overheads
  • Equipment Included

Now on the market is a reputable and popular beauty salon, providing all beauty need from threading and waxing to facials, massages, manicures and more.

The salon is surrounded by shopping facilities, supermarkets and more – benefitting from an excellent premises. They have also previously offered IPL laser and still have the machine which would be a profitable treatment.

The salon has a great reputation and the recent accounts struggle to reflect the great potential of the business due to the pandemic – with the correct owner-operator, this business could thrive and develop further.

The beauty salon operates from a spacious premises in Coventry, surrounded by shopping facilities, cafes and supermarkets making for great footfall.

They are owner-run with two other members of staff which could be expanded further. Their current lease is £900 per annum with a 6-year lease and 3-year break clause.

All equipment will be included.

The beauty salon has relied on word-of-mouth recommendations, developing their social media would be highly beneficial. Social platforms such as Instagram and Facebook would be a fantastic start.

The business’ recent accounts haven’t been reflective of its true potential with the struggle of the pandemic – the business has huge potential for expansion and reintroducing treatments such as lasers for an increased turnover.

Features

Key Information

  • Treatments Offered: Hair - Blow Drys, Hair - Colouring

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Location

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  • Close to Local Businesses
  • Good Transport Links

Property

Annual Rent
£9,000
Annual Rates
TBC
Lease Term (Years)
6
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
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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
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