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Hairdresser / Barber Shop for sale

North Methven Street, Perth, Perthshire, PH1

66 sq. m. | £32,995

Property Description

Commercial information

  • Business for sale
  • 710 sq ft (66 sq m)

Key features

  • REF: 13212
  • LEASEHOLD
  • HAIR SALON
  • BARBERS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Marions Hairdressers. This traditional salon was originally established in 1976 and was taken over by our client in 1978. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.

The business runs as a unisex salon that specialise in a range of services for excellent prices. The salon receives a generous amount of repeat loyal trade. Ladies bookings are taken by appointment, although the men's services are available upon walk in availability. The salon has an excellent client base, details and diary are included in the sale.

Marions generates an advised turnover of around 44,000 as of 2012 accounts, with a gross profit of 95%. This is a good turnover; however, we feel this could be increased. The new owner could look to extend opening hours, to allow for more custom each day. The salon offers a selection of stylist products to purchase, a new owner could also look into expanding this range in order to increase the retail side of the business.

Under the main salon is the large basement, this space is currently used for storage. We feel that this space could be utilised and maybe transformed into beauty rooms. Beauty treatments would complement this business well and would be a great asset to this already popular salon. The owner could also consider the option of renting out this space to generate an extra monthly income.

This is a fantastic leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Marions Hairdressers is located in Perth, Perth and Kinross.

The salon is situated in the city centre of Perth. The main road location allows for a heavy amount of footfall and passing trade. In the city, there are a mixture of independent and big brand retail stores. Close by the salon is a carpet store, pharmacy, convenience store, laundrette, clothing stores and much more. This is a popular location with the locals and tourists. The area benefits from pay and display parking.

Perth is a city located on the banks of the River Tray. The city has a mixture of residential and commercial property. A recent census gave a population of 50,000. The county of Perth and Kinross boarders Dundee, Fife, Aberdeenshire and Angus.

The road on which the business is located connects to the A989. This is an arterial road that runs around the city and links to the M90. This is a great location for a busy hair salon. The city centre has great public transport. There are several bus stops dotted around and the closest train station is just a short 5-minute drive away.

PREMISES
Marions Hairdressers boasts a large property, in the centre of a retail parade of stores. The salon is well signed and has been finished off with red and white paint, this is very eye catching. Directly outside the shop is pay and display parking.

The entrance leads to a reception area, then into the open plan salon. Along the left wall there is a full width mirror with 5 cutting stations. All chairs, mirrors and equipment for cutting and styling are included.

Along the back wall are 3 backwash sinks, which are also included in the sale. On the right-hand side is the gent's area with one cutting station. There are also 6 hair drying stations, with overhead dryers, which are included in the sale.

Just off the salon space, there is a staff room with kitchen facilities. There is also a staff and customer toilet.

There is a basement with the property, this is currently used for storage. This space could be transformed into beauty rooms or further hair stations.

This is a traditional looking salon that is well presented.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

New lease available upon negotiation.
Rent: 425 per month

HOURS
The business opening hours-

Monday: 9am - 4pm
Tuesday: 9am - 4pm
Wednesday: 9am - 1pm
Thursday: 9am - 4pm
Friday: 9am - 4pm
Saturday: 9am - 1pm
Sunday: Closed

STAFF
The business is run and managed by our client, with the help of three stylists.

FINANCIAL PROFILE
The business generates a turnover in the region of 44,000 as of 2012 accounts.
Gross profit 95%



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