Property Information
Address:
Newcastle Upon Tyne, Tyne And Wear
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH488940
Property Ref/Agent: 2781-well-established-hair-salonbarbers-and-nail-bar
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to introduce to the market Inspirational Salon Ltd. Originally established in 1998 the business has been a great success over the years. Our client took over the business in 2003, and saw a large increase in clients.
This busy hair salon runs as a hair salon for women, a barbers and a nail bar. Some of the services on offer are spray tans, face lifts, waxing, massages and many more. The salon also has a licence for cosmetic tattoos and piercings. The property is split in to two, one half is the barbers and beauty area, the other is the salon.
Our client is now looking to sell the business due to the desire to focus on other business interests. We are advised the current turnover for the business is 80,000 per annum with a healthy gross profit of 97%
There is scope to increase turnover further. The business is currently open 5 days a week, we feel that this could be massively increased to welcome more clients throughout the day. Opening weekends would target those who work throughout the week.
This salon is fantastic with plenty of space, this area could be used further by starting male treatments. The new owner could look into arranging a wedding package with local venues, this will massively increase trade and popularity. The salon currently offers hair and make up for weddings, meaning there is already knowledge in the area of the business. Each of these suggestions would help boost turnover and would also increase clientel.
The business has a fantastic website . This website is included in the sale. On the website there is information on the salon and promotional offers, it also has a price list of products and services.
This salon offers a loyalty scheme for clients on a mobile app. This has the latest promotions and any up and coming offers. There is so much potential for this already successful business. We highly advise early viewing to avoid disappointment for this well equipped salon.TENUREWe are advised the business is leasehold
From 2016, the council have agreed a 10 yer lease and is currently being processed
Rent 648 per month for both shops.HOURSThe business opens:-
Monday: Closed
Tuesday-Friday: 9am - 5pm
Saturday: 9am - 3pm
Sunday: ClosedSTAFFThe business is run and managed by the owner with the assistance of 5 part time and 2 full time members of staff.FINANCIAL PROFILEThe business reports a turnover of 80,000 per annum.
With a gross profit of 97%
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