Property Information
Address:
Southampton, Hampshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH528688
Property Ref/Agent: 12800-high-quality-hair-and-amp-beauty-salon
*Please use the agent ref when calling the agent directly.
Property description
Offers in the region of 115,000
Hilton Smythe welcomes to the market The Hair Apartment. This hair and beauty salon was originally established in 2009. Our client took over the salon in 2014 and is now looking to sell, due to the desire to concentrate on other business interests.
This is an exceptional business that has been run to a very high standard, benefiting from a generous amount of repeat loyal trade. The salon offers a generous range of hair and beauty treatments and services. They offer treatments such as, blow-dry, hair ups, full head foils, nail treatments, eyelash tints, lashes, waxing, make-up and massages. The salon also offers men's haircuts and colouring.
The business generates a great turnover of 105,000 per annum, with a gross profit of 83%. This is a great turnover that has scope to be further increased. The beauty side of the salon is currently only making up 20% of the turnover; more treatments could boost this figure.
Our client currently offers a VIP membership to encourage repeat loyal trade. The membership lasts for a year and is 49,95. Customers benefit from 10% off all treatments, exclusive offers, a glass of bubbly on each visit and three free hair treatments a year. This is very popular and should be something the new owner continues.
The business has an easy to use website. The site is filled with an abundance of information, price lists, photos, lists of treatments and more.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewings to take in the full potential of this quality salon.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Remaining lease length: 2 years as of 2016.
Rent: 11,500 per annumHOURSThe business opening hours-
Monday: Closed
Tuesday: 9am - 6pm
Wednesday: 9am - 5:30pm
Thursday: 9am - 8pm
Friday: 9am - 6pm
Saturday: 9am - 4pm
Sunday: ClosedSTAFFThe business is run and managed by a manager (senior stylist), with the help of two further senior stylists, one junior stylist, one beautician and a receptionist.FINANCIAL PROFILEThe business generates a turnover in the region of 105,000 per annum.
Gross profit 83%
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