Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Hair & Beauty Supplies With Hair Salon
LISTING DETAILS
Firms For Sale ID:
13591
Vendor reference:
CQ147
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£165,000
Stock included.
Stock included.
Turnover / revenue:
£150,000
Net profit / cashflow:
£23,000
Trading hours:
Monday – Saturday: 10:00 am – 7:00 pm
Number of employees:
4
OTHER DETAILS
Reason for selling:
The vendor is looking to move out of the industry after many successful years and hand the business over in a good trading position to new owners.
Support and training:
The vendor is open to agreeing a handover period for the successful transition of the business to new ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The vendor owns the Freehold of the premises, and is looking to sign a new lease at market rates. Previously the rent was approximately £18,000 per annum, with business rates payable of around £2,300 per annum.
BUSINESS DESCRIPTION
Hair & Beauty Supplies with Hair Salon
Ref.CQ147
Location Oxford
Asking Price £ 165,000
This business is well established in the oxford area for supplying hair and beauty products with a particular focus on hair extensions, weaves and accessories for their large database of regular customers. Supplying to both the trade and private individuals, the business has a stable footing from which to grow further. After training as a professional hairdresser and studying for an MBA, the vendor of the business decided to offer something new to the market in Oxford and tap into the desire for hair products across the city. Since then she has built a salon which is full booked on a daily basis, and a busy retail operation.
There is minimal direct competition in the region able to offer all products and services under one roof, which results in the business being the number one choice for many loyal customers and other professionals. The retail operation offers a huge range of branded and cost effective products covering care colouring, tints and perming solutions, extensions, scissors, brushes, electrical styling, clippers and trimmers, salon wear and dryers / processors. This range appeals to those clients visiting the on-site salon who are looking to continue treatment at home with friends and family, local smaller independent hairdressers who are serving the local community and other traders. There is a range of beauty products offered in store to compliment the hair salon supplies, which can be easily expanded.
On the first floor is a separate hair salon with 2 washbasins, and cutting stations for 4. The Salon has all the equipment one would expect of a busy operation looking to serve numerous customers at once in comfortable and friendly surroundings.
Expansion Potential
The business offers a huge range of products, but currently only to passing trade and customers prepared to travel to the shop. With investment in an on-line presence and e-commerce solution, the business can build on their name and reputation, and offer products fro delivery with zero impact on direct overheads. There has been low levels of advertising and marketing over the years, with an added marketing push for both the Salon and retail shop, higher levels of customers can be expected and accommodated.