ABC Business brokers are delighted to offer for sale this thriving and highly regarded hair salon with great potential to add beauty and complimentary treatments.
The Business
There has been a hair salon at the premises for twenty-five years and is obviously very well known and respected in the vicinity. It was purchased three years ago by the current owners who refurbished the premises, adding the attractive wooden frame shop front that transformed the look of the business, and re-launched as ‘Silk Hair Salon’. Since then they have built a loyal customer base providing strong repeat business. The salon not only caters for women, but men and children as well and offers a full range of styling, cutting, colouring, and hair treatment services. They use TIGI branded styling products, which are also available for sale to the public. This well presented, air-conditioned salon provides five/six styling stations and two backwash positions in a modern bright environment.
Location
Situated near Brentwood, Essex, the modern village of West Horndon is a pleasant country environment that has its own industrial area bringing people into the village by day. West Horndon railway station is on the Tilbury and Southend main line to London Fenchurch Street, providing fast access for commuters to London. Also the Southend Arterial Road A127 is just north of the village and Junction 29 of the M25 motorway to the West. Excellent bus links exist to Brentwood and Grays. There is a housing estate and more modern housing near the station.The salon is situated in a prominent parade of shops in the centre of the village.
Tenure
The business is being sold freehold including the upstairs two-bed flat, which provides £50pa ground rent only.
Marketing
The business is surprisingly successful considering it does very little advertising, relying on its reputation, repeat business and word of mouth to maintain its position.
Financial Information
Turnover for 2007-2008 was £55,000
Full accounts will be available to potential purchasers on request.
Trading Hours Personnel
Tuesday 9.30 am – 3.00 pm Part-time Stylist 3 day week
Wednesday 9.30 am – 5.00 pm Stylist 1-2 day week
Thursday 9.30 am – 9.00 pm Junior Stylist 3 day week
Friday 9.30 am – 5.00 pm Top Stylist 4.5 day week
Saturday 9.30 am – 4.00 pm
Sunday & Monday Closed
Competition
The only other salon in the area caters mainly for older clientele and ‘shampoo and sets’, which are markets that Silk Hair Salon has not encouraged or targeted. The two salons therefore co-exist perfectly well.
Potential
The owners run the salon to a standard that leaves little room for improvement. However that does not mean that there is no scope for expansion/diversification. Not least in the following areas:
The rear room could easily be redesigned to house a beauty room, nail bar, tanning booth, or a combination of the three, bringing in substantial extra income for very little outlay.
The trading hours could be increased to include more late evenings, especially with the train station close by, to cater for commuters arriving later in the evening from London. New owners could also consider the possibility of opening on Mondays, which the current owners do not do.
There is no company website and this should be considered for market awareness, booking and maybe even the sale of hair and beauty products.
The business has prospered perfectly well through word of mouth and repeat custom, however active marketing should be considered to increase turnover further. This would be especially useful if it coincided with the introduction of new aspects to the business such as those mentioned above.
Whilst inexpensive to instigate, the ideas above could make an already profitable business into an
even more attractive proposition.
Reason For Sale
Having re-established the business as the premier salon in the area. The owners have decided their other business interests have grown to the stage that they need to concentrate their attentions elsewhere and that it is time for new owners to come in and take the salon to ‘the next level’ and make it a full hair and beauty business.
The vendors are more than happy to provide an adequate handover period to provide an opportunity for the new owner(s) to become acquainted with the business, the staff, and the clientele, and continue the enviable reputation that they have built.
Comments
This business would be an ideal add on for a successful salon or salon chain that wishes to expand through acquisition with the minimum or work involved. It would also provide an excellent opportunity for an individual with salon experience who wishes to strike out on their own without the normal start up risks and the wonderful reputation and goodwill that goes with the business already in place. Either way this is a unique opportunity to purchase a popular and thriving business and early discussions are highly recommended.
Price £150,000
The Next Step
If you require any further information or would like an appointment to view the business. Please telephone 0844 561 1806. Viewing is strictly by appointment only, through ABC Business Brokers and no approach whatsoever should be made directly to the vendor.
Early viewing is advised
.png)
.png)
.png)