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Hairdresser / Barber Shop for sale

Llansantffraid, Montgomeryshire, SY22

£32,950
53 sq. m.

Property Description

Commercial information

  • Business for sale
  • 570 sq ft (53 sq m)

Key features

  • REF: 13267
  • LEASEHOLD
  • HAIR SALON
  • BARBERS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Cutting Edge. Our client established this hair salon in 2002. The owner is now looking to sell this village salon, due to the desire to focus on other interests.

The business runs as a unisex hair salon in the village of Llansanffraid-ym-Mechain. This area is mostly residential from which the salon derives much of its trade. They offer a variety of services, perms, gents cut, ladies cut and blow, hair up, bridal packages are just some of the treatments available.

The salon also offer some beauty services such as, nail treatments and ear piercing. The new owner could look to offer more beauty treatments. This is a large immaculately presented salon which could cater for some extra services. The new owner could also look to introduce the sale of styling products; this would be a great way of generating an extra income.

The business generates a turnover in the region of £57,000 as of the 2015 accounts, with a gross profit of 97%. This is an excellent turnover; however, we feel this could be increased further.

The salon benefits from repeat loyal trade from the locals. With a little extra advertising the purchaser could see an increase in clientele. Social media is a great cost effective way of advertising a business.

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


LOCATION
Cutting Edge is located in Llansanffraid-ym-Mechain, Powys.

The business is set within a retail parade of stores on an arterial road in the village. In the area, there is a café, pub, petrol station and much more. The businesses on the parade benefit from free off road parking, directly across the road.

Llansanffraid-ym-Mechain is a village on the boarder of Wales and England. This is a rural location with picturesque countryside, river and a beautiful church. The village is 7 miles south west of Oswestry and 8 miles north of Welshpool.

The road on which the salon is located is the A495. This is a main road that connects to the A458 and A483. Shrewsbury and Wrexham are both just a short 40-minute drive away from this location. The village also has great bus routes that run directly into Shrewsbury and Oswestry.

PREMISES
Cutting Edge boasts a large character property. This is a double fronted salon with signage above the door. The hair salon briefly comprises of: -

On entry is the main salon space. This room is well decorated and looks modern. By the window is the waiting area and the service counter. On the back wall there are three hair stations, each with bespoke mirrors with shelving fitted in. There are two back wash stations further across. On the right hand wall there is another hair station, again fully equipped. There are also two wall mounter hood dryers.

The second room is used as an overflow room, with two more hood dryers and cutting stations. This room also has a nail station.

Through to the rear is the staff area, this has a kitchen with sink, fridge, kettle and worktop space.

Equipment included in the sale includes: -
Six hair stations
Mirrors
Two wash stations
Counter
Sofa
Till

All salon equipment is included in the sale e.g. hair dryers, cutting tools, hair straightens.

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

Original lease length: 10 years
A new lease is available as of July 2017.
Rent: £7,000 per annum

HOURS
The business opening hours: -

Monday: Closed
Tuesday: 9am - 3pm
Wednesday: 9am - 5:30pm
Thursday: 9am - 5:30pm
Friday: 9am - 7pm
Saturday: 9am - 1pm
Sunday: Closed

STAFF
The business is run and managed by our client, with the help of two members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £57,000 as of the 2015 accounts.
Gross profit 97%



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