Property Information
Address:
Bristol, Bristol
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH522489
Property Ref/Agent: 12635-long-established-hair-and-amp-beauty-salon
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Geo Hair Design. The business was originally established in this area over 50 years ago. Over the years this salon has generated a generous clientele base. Our clients first took over the business around 14 years ago. The owners are now looking to sell the salon due to the desire to focus on other business interests.
The business offers a great range of services such as semi-permanent make-up, nails, facials waxing and other beauty treatments. The salon also offers party packages and cater for weddings and bridal parties. The semi-permanent make-up is done by a woman who rents the room. She provides the owners with 15% per client.
The salon generates an advised turnover of around 62,000 per annum with a gross profit of 83%. This is a healthy turnover that could be increased if the new owner was to set up an advertising and marketing campaign. The business has a Facebook page that is updated daily with products and photos of clients after treatments. This is a fantastic way of advertising the business and should be carried on by the purchaser.
This is a very popular hair salon in this location with a huge client base. This is a turnkey opportunity perfect for a first time purchaser. Hilton Smythe highly advise early viewing to take in the full potential of this trade.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 3 years
Remaining lease length: 3 years as of 2016.
Rent: 933 per monthHOURSThe business opening hours-
Monday: Closed
Tuesday: 9am - 4pm
Wednesday: 9am - 4pm
Thursday: 9am - 6pm
Friday: 9am - 7pm
Saturday: 8:30am - 2pm
Sunday: ClosedSTAFFThe business is run and managed by our clients with the help of 2 part time members of staff.FINANCIAL PROFILEThe business generates a turnover in the region of 62,000 per annum.
Gross profit 83%
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