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Hair & Beauty Salon
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Form:Sale established business
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Activity:Running
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£11 667
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£9 333
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Payback period (years):0.2
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Established in:2013 (business age in years 12)
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Employees:5
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Type:Intermediary
GB779402
Business description
Our client has priced the business for a quick sale, offering an unrivalled opportunity compared to other local salons available for sale on the market.
- £140 k+ Turnover / 70% GP.
08.09.2024: The listing has been tested. In stock.
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Business Features:
- With tangible assets
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Units:Operating business, Staff, Premises (buildings), Tangible assets, Intangible assets, Training and support
Geography and location
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City:
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Currently, over one hundred businesses occupy a shared space designed from the redevelopment of a 17 th century industrial site in the heart of the city home to artists, musicians, creative businesses, visitor, and educational attractions and with many places to eat, drink and socialise in close vicinity.
Transaction terms
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Price:£20 000
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Timeframe for the deal:Deal is possible until 31 December 2017
Financial information
Monthly averages:
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Cash Flow (per month):£9 333
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Revenue (per month):£11 667
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Investments are not required
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Debts to third parties:No debts
Ratio:
Corporate issues
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Legal form:Individual entrepreneur
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Number of owners:1
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Share for sale:Entire
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Reason for selling:Other
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Further comments on the reason for selling:Management is seeking a buyer due to a change of career, and has priced the business to sell quickly, with a target sale before the end of 2017.
Staff
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Number of employees:5
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Additional information on employees:5 including owner and one self-employed stylist.
Characteristics of the premises
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Type:Premise
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Title deeds:Rented from a legal entity (company)
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Rent terms:Flexible.
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Rent payments (per year):£201 600
Characteristics of tangible assets
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Appraised value:£10 000
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Tangible assets and working capital included in the asking price:
Characteristics of intangible assets
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Appraised value:
(included in the asking price)£25 000- Customer database
- Software
Training and support
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Help and support that seller is ready to provide:
- Training and consultations
- Primary training
- Training at the company
Additional information
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Business growth potential:Huge potential for future growth of business, both through increased online and offline marketing & promotions, hiring of additional stylists, increased opening hours and a dedicated customer retention management program.
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Working hours:09/5
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Other important information:Business Strengths
o Fantastic Cash Business, average sale of £40 and 70% gross profit
o £140,000 per annum turnover with great future growth prospects
o Established for over 4 years and run on 5-day week
o Modern and contemporary environment finished to a very high spec
o Strong customer database of high value clients with excellent retention
o Excellent service & established reputation
o Established and qualified training provider.
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