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Asking Price$303,714
Revenue$957,750 Established1998
Cash Flow$159,625 Employees25 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Award Winning Contemporary Hair Salon
Run under management
Ref.CQ184
Location Aberdeen, Scotland
Leasehold

Asking Price: OIRO £185,000

Asking price includes:

Current Turnover in excess of circa 600,000 per annum
Very Good Gross Profit Margins circa £522,000 per annum
Profits available to the owner well in excess of £100,000 per annum
Multi-Award Winning Salon
Beautifully appointed modern salon
Very high specification fixtures and fittings
“Shortcuts” computerised hair salon EPOS system
15 years successful trading
Leasehold property
High profile city centre location
Qualified and talented staff
Training and handover
Website
Goodwill
This business was set up by the current owner some 15 years ago and provides customers with high quality hair cutting and styling within modern and contemporary salon surroundings. Having started the business herself, the vendor has seen both the business and the brand blossom under her guidance. The salon is now a fully operational self contained business that is run under management by a talented and self-motivated team.
The salon is superbly appointed with literally no expense spared and offers a sumptuous atmosphere for clients comfort and enjoyment. The décor is wonderful with a contemporary classic style. The vendor has invested significantly in creating the right look for the salon, which has been fully re-fitted so a new owner would not be required to invest in this side of the business for some time.
Using highly talented stylists (from creative director to graduate level) and the most up to date precision cutting, beauty and colouring techniques, the business’s mission is simply to make customers look and feel fantastic!
The salon uses only market leading top brand name treatments. Stylists are very up to date and offer the newest and most up to the minute styles and innovations.
The business has developed a very large loyal customer base over time and enjoys very consistent levels of business from very satisfied clients. The brand is very well known in the area and this, coupled with the fact the business enjoys a very high profile location in the city, ensures ongoing demand for its services.
The salon has extensive workstation space and typically caters for 230 visits per week. However, at particularly busy periods of the year the business has catered for almost 50% more, so there is ample spare capacity to grow the business further, without the need to re-invest.
As well as building a sterling reputation locally and regionally (the salon is a household name in the city) for its core activities the salon’s reputation has spread further afield, not least due to the many awards that it has won over time.
Facilities:The business has a very high profile location in the city centre and is a real destination setting. The salon is situated over 2 floors and was recently refitted to a very high standard. There is a 10 year lease in place. Rent is circa £2750 per month, rates are £14,000 per annum.
Growth Potential:The salon could easily accommodate further growth within its current premises. It has established itself as a premium salon in the area and is enjoying high levels of referrals. The brand is unique and very marketable. This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services a new owner contributing fresh ideas and energy will have every advantage of building on an excellent platform. It is understood the business could accommodate circa 40% more growth within its current infrastructure.
Training/Support:The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of wnership.This should be a relatively simple process as the busienss is run under management.
Sale Reason:The owner is looking to relocate.
Ad #51727
Seller Reference #CQ184
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Turner Butler
0044 1895256000
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