Fantastic Hair & Beauty Salon for Sale

Newport, Shropshire
REF: INT2655

Asking Price:
£55,000
Annual Turnover:
£165,000
Annual Net Profit:
£23,364
Reduced
REF: INT2655
Photo of Fantastic Hair & Beauty Salon for Sale
Photo of Fantastic Hair & Beauty Salon for Sale
Photo of Fantastic Hair & Beauty Salon for Sale
Photo of Fantastic Hair & Beauty Salon for Sale

Overview

Tenure:
Leasehold
Established:
2010
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Spacious Premises
  • Strong Supplier Relationships

This is an excellent opportunity to acquire an established and highly profitable hair and beauty salon, with an experienced team of stylists and a loyal client base.

They have a variety of services available including haircuts, styling and colour treatments using high-end hair products while also retailing Joico products.

Benefitting from a complete rebrand of their website around 18 months ago – the business has great brand awareness and a fantastic number of returning clients within its surrounding areas. They also offer loyalty cards to allow customers to benefit from returning continuously.

Their complete 24-hour online booking system allows the business to not lose any clients, with an app in place for easy access.

The salon operates in Newport, a university town with colleges nearby – there is opportunity to attract over 2,500 students who live in the residential areas of the town. There is also a large number of homes being built with scope for an expanded client base.

They have a number of hair stylists ranging from a manager and a senior stylist to an apprentice, with around 5 members of staff at present.

The salon has around 8 working stations plus 3 massage backwashes in a separate room, a separate colour area, a staff room/kitchen, a small office and storage area, and a courtyard.

There is ample opportunity for growth within this business – Newport is a thriving area and with the newly built homes, the business could attract new customers and students from the surrounding areas.

Continuing to build and develop their social media channels and attract new customers through a range of marketing techniques.

This is a very modern business with a great presence within the local community.

Features

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.honeycombhair.co.uk

Location

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  • High Street Location
  • High Footfall

Property

Annual Rent
£14,976
Annual Rates
TBC
Lease Term (Years)
TBC
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
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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