Reputable Hair Salon for Sale in Milton Keynes

Milton Keynes, Buckinghamshire
REF: S08228

Asking Price:
£60,000
Annual Turnover:
£94,921
Annual Net Profit:
£35,162
REF: S08228
Photo of Reputable Hair Salon for Sale in Milton Keynes
Photo of Reputable Hair Salon for Sale in Milton Keynes
Photo of Reputable Hair Salon for Sale in Milton Keynes
Photo of Reputable Hair Salon for Sale in Milton Keynes

Overview

Tenure:
Leasehold
Established:
2003
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Equipment Included
  • Spacious Premises

This is a unique opportunity to acquire a well-equipped and reputable hair salon, which is based in Milton Keynes. The business is also just in the process of launching an online and in-store shop, where they will sell hair products and accessories. The business was first established in 2003 and has experienced significant growth since its creation, whilst also gaining an excellent reputation and an incredibly loyal customer base in the local community.

The salon pride themselves on providing excellent customer service from the moment clients walk in the door. Their philosophy is that each visit should be the ultimate salon experience. The premises are incredibly well-equipped and spacious, with 3 washbasins and 6 hair stations.

They prioritise offering a wide range of services from their stylish, luxurious surroundings, including colours, cut and finishes, bridal and prom hair, barbering, children’s cutting and styling, and much more. The friendly, professional team is trained to the highest levels in the industry, which enables them to help clients reach their goals.

The business has a brilliant reputation for operating in an ethical manner, using cruelty-free, vegan, and planet-friendly products. This has helped attract a large, retuning client base, who are mostly female and between the ages of 20 and 50. With equipment included, this brilliant business would be the perfect opportunity for an owner-operator in the industry.

The spacious and well-equipped premises have an excellent location on a main road near Milton Keynes. The convenient spot also has rear car parking and brilliant public transport links. Due to the high passing footfall, there should be plenty of trade for the new owner. The property is a three-storey building, with the business located on the ground floor. Upon entry through the front door, on the left, there is a reception and product sales area. There are 6 hair stations in total throughout the salon, with 2 on the left and 4 on the right. To the back of the premises, there is a staff room, WC, and rear exit. The building is fully fitted out with AC, a burglar alarm, and smoke alarms.

All equipment will be included in the sale, which means the new owner can get to work straight away. The salon also currently holds £5,000 worth of stock, which will be extra to the business.

The current owners are happy to provide an initial transitional period.

This would be the ideal opportunity for an owner-operator, who is looking to acquire their own, successful business.

There is huge potential for growth with this business, as there is a massive opportunity to continue developing the product sales side of the business. There is enormous scope for organic growth, which could be aided by employing more staff. Currently, the business only operates on an appointment-only basis, therefore, it could be a great idea to expand into walk-in trade. Finally, it could also be worth considering growing the men’s side of the company.

The business already has a brilliant, easy-to-use website and popular presence on social media, with 350 followers on Instagram, 200 followers on Facebook, and a following of 50 on Twitter. These platforms act as an excellent sales window for the business. It would be beneficial if the new owner continued to utilise and optimise these online channels.

Features

Online Presence

Location

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  • Residential Location
  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links

Property

Annual Rent
£9,600
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

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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