Location

This business is situated in Bedford, just off the High Street. It has good footfall, with a multi storey car park nearby. The rent and rates are very reasonable for the area.

 

Financial Details

The turnover for the latest year ending 31.03.2018 was £215,315 with a gross profit of £178,084 and an operating profit of £25,310. The assets are valued at around £5,000 and the stock value is in the region of £7,000.

 

Business Details

This highly successful unisex hair salon was established in 2004 as a sole trader and became a limited company in 2012. The salon owner is now selling so that they can move on to concentrate on other areas of professional growth.

 

The salon provides styling, colouring, barbering, extensions, repair of damaged hair, and weddings and special events. There is also a strong retail side of the business offering the GHD styling range, which accounts for 13% of turnover.

 

In total, there are 9 staff including the Owner. One is an administrator, with 4 other stylists, a trainee and 2 juniors.

 

Most of the new clients come from referrals, word of mouth, walks ins and social media. Over 90% of business is repeat business. It is one of the top5 salons in the town in terms of reputation and expertise. The strengths of the Salon are its location, loyal client base and long serving staff.

 

Property

The premises are situated on the ground floor, with the main salon studio, toilets and staff kitchen to the rear.

 

Trading Hours

Open 5 days per week

 

Tenancy

The business is leasehold and the original lease was for 10 years with 3 years remaining. The rent is £15,000 pa.

 

Ref:    13342

Price: £69,995 including assets and 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.