Opis:

Asking Price: £64,000 + SAV

Asking price includes:

Turnover circa £503,415 per annum
Gross Profit circa £153,326
EBITDA £27,279
Net asset value £15,829

Well established business since 2010 in a prime location
Skilled, loyal and creative team
Fully-furnished, modern and attractive premises
Constant active client base of 2000+

Business profile:

The company has been operating since 2001 with this salon being opened in 2010.

Well regarded by clients, the hairdressing salon has since established an excellent reputation for providing quality stylish hairdressing services, manicures and pedicures, waxing and eyelash tinting etc.

The salon provides a fresh modern brand image to a loyal client base and is fully fitted out with six hair stations, two nail desks and one pedicure desk.

The salon is an Aveda preferred retailer that attracts discerning clientele from the surrounding areas, mostly affluent professional ladies in the 30 - 50 age demographic. The clientele are attracted by the branded products and technical services on offer, whether this should be the perfect colour, specialist hair extensions, a precision cut, or a blow dry.

Equipment

The hairdressing salon uses a bespoke technical salon system - 'short cuts' and has everything in house to successfully and professionally operate a busy salon.

This is an excellent bolt-on opportunity for an existing beauty salon wishing to extend into the area and expand their outlets.

Customer Service:

The salon focuses on high levels of customer service and customer retention, understanding that the services they provide ensure an excellent reputation for the brand name and plenty of repeat business.

Key Strengths:

The salon is proud of the professional standards it offers along with great service and competitive pricing. Situated in a great location the salon has a client base of 2,000+ active clients and excellent growth potential.

Growth and Expansion:

Whilst the website displays the services and treatments on offer the salon could benefit from more direct advertising and possibly email marketing with unique salon offers to attract more clients.

Business Hours:

Mon, Tues, Thurs, Fri & Sat: 9.30am - 6pm
Wed: 9.30am - 8pm
Sunday: 11am - 5pm

Premises:

The premises are leasehold with 12 years remaining. Annual rent is £25,000 with rates of £9,000.

The property comprises circa 40-45sq metres and is fully fitted out with 6 hair stations, 1 x beauty room, 2 x nail stations, toilets and a staff room.

Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £503,415 per annum
Gross Profit circa £153,326
EBITDA £27,279
Net asset value £15,829
Employees:

The salon employs six full time staff 1 x level 1 manageress, 1 x level 2 stylist, 1 x level 3 stylist and 3 x assistants. Six part time staff are employed; 4 work 2 or 3 days and 2 work 4 days.

Support and Training:

Support and training will be provided to ensure continuity of trading.

Reason for Sale:

To concentrate on other businesses

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk