The Opportunity

ETS Corporate are pleased to place on the market this excellent hair and beauty salon based in Carter Lane, Mansfield, Nottingham. The Owner took over the salon in 2008, after it had been established since 1980, and in the last couple of years, turnover has been affected by staffing issues. The turnover for the last full financial year was £134,000.

 

The renewable lease has 5 years remaining with a rental of £17,400 pa.

 

Location

The business is based on Carter Lane, Mansfield, Nottingham and is on a very prominent junction. It has a private car park with 15 spaces for clients. It is a few minutes’ walk from the town centre.

 

Business Details

This very well presented, hair and beauty salon for sale was established in 1980 and was purchased by the current Owner in 2008. The business enjoyed huge success, and, in the past, the turnover has been over £250,000 until 2015. The last couple of years have been difficult because of staffing issues. The Owner is selling because he wishes to pass the business on to someone that can build it up again and make it successful as he has another career.

The Salon offers a good quality hair and beauty service and more information is available on their website http://oasismansfield.net/. Included in the services offered are hair treatments, hair extensions, nail extensions, nail art, various massages, HD eye brows, and eye lash extensions. The split in turnover for hair and beauty are equal.

The Owner operates the business with a total of 11 staff, of which 8 are part time. Included in this are 2 beauty staff. All of the staff are experienced and well qualified. It is operated in a traditional manner, although salon gold is used, without any marketing so there is huge scope to expand and grow the business.

 

Trading Hours

Monday           09.00 am – 9.00 pm

Tuesday         09.00 am – 9.00 pm

Wednesday     09.00 am – 9.00 pm

Thursday         09.00 am – 9.00 pm

Friday.             09.00 am – 8.00 pm

Saturday.         08.00 am – 3.00 pm

Sunday            Closed

 

 

Financial Details

The turnover of the business during the last full financial year was just over £134,000. The previous year the turnover was over £184,000. The recent downturn has been due to maternity leave for two of the main staff.

 

Property Details

On the first floor, there is a dressing room, a small kitchen, a laundry room, a 3 station backwash, a toilet and a reception area. There are 11 workstations.

On the second floor, there are 2 stand up sunbeds, a toilet, a spray tan booth, a waiting room, 3 therapy rooms and a nail room with 4 nail desks.

To the front of the premises there is a car park which extends to the rear with a garden.

 

Tenure                                                       

There is 5 years left of a renewable lease, and the rent is £17,400 pa

 

 

Ref:    13371

Price: £49,995 plus stock

 

 

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.