Hairdresser / Barber Shop for saleBotley Road, SO31
104 sq. m.
- Business for sale
- 1,119 sq ft (104 sq m)
- REF 12800
Offers in the region of £115,000
The Hair Apartment is located in Southampton, Hampshire.
The business is situated on a main road, which has a variety of other retail outlets. There is a solicitors, bank, estate agents, accountants, carpet shop and more. This is an excellent location that receives a generous amount of heavy footfall. Although there is a large amount of commercial property, the majority of this area is residential; from which the business derives much of its trade.
The road on which the business is located, is the A3051. This arterial road runs from Botley, down to Locks Heath; the road also connects to the M27 motorway. As well as great road links the area also benefits from public transport. There are bus stops within close proximity of the business, these have regular daily routes into Fareham. The closest train station is a 5 minute walk from the property.
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. www.thehairapartment.co.uk 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.
The Hair Apartment boasts a large detached property. This is an excellent premise that is well-suited to the trade. The property looks highly inviting and has been completed to a high standard. There is signage on the property. Directly outside is off street parking for customers. The property is shared with another business, this is not included in this sale.
The reception area has been recently refurbished. Bespoke reception desk with salon genius booking system, PDQ and till, product shelving and four designer customer waiting chairs.
There are seven work stations with stylish mirrors with built in shelving and storage, leather chairs, fixed storage cupboards. At the front are two large front windows.
Two fully equipped nail bars.
Larger than average treatment bed, storage unit with rear large window.
Two unique back wash units, with luxury leather massage chairs (used also for pedicure treatments), new rear black gloss storage shelving and display unit.
Luxury toilet and sink unit (including led lighting), store board houses new boiler.
Newly fitted seating and storage cupboards, washing machine, dryer, fridge /freezer, staff training board. This area is also used for staff meetings.
The whole premise has a new, modern, clean feel, our client has a keen attention to detail and this shows throughout the business.
We 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 annum
The business opening hours-
Tuesday: 9am - 6pm
Wednesday: 9am - 5:30pm
Thursday: 9am - 8pm
Friday: 9am - 6pm
Saturday: 9am - 4pm
The 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.
The business generates a turnover in the region of £105,000 per annum.
Gross profit 83%
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