Business Description: 

Silk Letting Ltd is delighted to bring to the market this beautiful salon in the scenic city of Sheffield. The well-established business is known for its glowing reputation attracting loyal customers over the years. They provide a high level of customer service to ensure customers satisfaction. The salon comes with a well-designed and advanced website in addition to an online booking system. There is a fully trained team of stylists who cover all aspects of hairdressing, starting from babies first hair cut to hair extensions. The fantastic customer service and reputation have resulted in positive reviews on different online platforms resulting in more than 1000 followers on social media platforms. Customer satisfaction resulted in 5-star reviews on Facebook and their website in addition to 4.8 stars on Google and Treatwell. Our client has also won the ‘Top Rated Business’ in both 2017 and 2018. The business offers the new owner a valuable opportunity to take over and benefit from a well-established successful salon, fully equipped and ready to go.

Services: 

This unique business is known for its professional services which have built customer satisfaction and a large client base. The salon offers a wide range of nail, hair, eyelash, facials, massages, and waxing services to suit different customer preferences. They also have an in-house makeup artist who is Charlotte Tilbury trained, allowing the business to offer on-site and off-site services. These services boost customer satisfaction and result in a larger customer base. Similar to this perk, the client can provide hairstyles for all events including weddings. This appeals to a specific customer base and elongates the list of services to demonstrate how versatile the salon is. The provided services are what makes this business unique and competitive in comparison to other salons. Services include:

•  Trim
• Blow Dry
• Pin-Ups
• Highlights
• Full Head Colour
• Manicure
• Pedicure
• Gel Polish
• Acrylics
• Lash Lift and Tint
• Eyebrow Waxing
• Facial Waxing
• Eyelash Extensions (Classic, Hybrid, Russian)
• Eyebrow Tinting
• Henna Brows
• Spray Tan
• Children’s Hair Cuts
• Facials
• Indian Head Massage

Location:

Situated in the well-populated and affluent area of Sheffield, the business sits along a busy parade of local amenities including shops, takeaways, schools and supermarkets. Brilliantly located on the A61 road with a 10-minute drive into Sheffield Town Centre, the business benefits from a high volume of footfall and passing trade. The salon also offers free road-side parking directly outside the premises making the property convenient and easily accessible for the neighbouring residents.The property is served well by the public transport system, with the Woodseats Library bus stop located just a short 5-minute walk away.Nearby locations include:

• Italian Takeaway
• Bus Stop
• Primary School
• Bank
• Post Office
• Supermarket
• Medical Centre
• Graves Park

Reason for Sale:

My client is regrettably selling due to a change within their family circumstances. This has created an exciting opportunity to take over a salon with a very strong reputation.

Fixtures, Fittings and Security Features:

The business is fitted and presented to superb industry specifications, in an excellent condition. This means having up to date equipment at low overhead costs, resulting in a large profit margin. The interior layout is designed in a chic contemporary style complete with modern fittings to ensure clients feel relaxed during their time in the chair. The salon is fully fitted and equipped. Designed with a unique décor, the salon makes a perfect opportunity for any potential buyer. Some of the provided assets are:

•       Reception Desk
•      Till System
•      2 Nail Desks
•      4 Nail Chairs
•      2 Eyelash Chairs
•      Wash Basin and Chair
•      3 Styling Stations
•      3 Styling Chairs
•       Hairdryers
•      Straighteners
•      Curling Tongs
•      Hair Dipper
•      Cabinets and Shelves

Security Features:

The salon is fitted with a shutter in the rear door for extra security overnight.

Rent and Length of Lease:

• Leasehold
• Annual rent: £10,800 shared with a family in the flat above, resulting in £5,400
• The remaining length of lease: 11 months (Landlord is open to starting a new 5-year lease)

Financial Profile:

• Annual Turnover circa £65,184
• Asking Price: £30,000

Business Rates:

The business currently benefits from Small Business Rates Relief.

Staff:

The team currently in place have been recognised for their dedication, compassion and care. The business currently operates with one full-time and two part-time staff members.

Opening Hours: 

The salon’s current opening hours are:

• Monday – Closed
• Tuesday to Friday 9:30 am-5:30 pm
• Saturday – 9:00am-4:00pm
• Sunday – Closed

Growth and Expansion Potential:

This business offers significant potential for future growth. It would certainly suit someone who is looking to expand and want to challenge themselves. Some possible ideas for growth and expansion could be:

• Social media marketing and advertising campaign
• Extend opening days and hours if possible
• New package deals and discounts

Reasons to Buy:

• Prime location
• Excellent reviews
• The loyal and ever-growing client base
• Top range equipment
• Low business rates
• Great support from the local community
• Low running costs
• High potential growth

We have no doubt that this fantastic business will sell in no time, with its vast selection of services and great reputation in the area, it is an opportunity not to be missed. Silk Letting Ltd advises early viewing to avoid disappointment.

Contact Mounif on 01615079791 or Mounif@silkletting.co.uk to book your viewing now.