| (REF: 1998) Established City Centre Hairdressers in Leicester |
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| Seller Reference: |
1998 |
| B4S Reference: |
24429 |
| Asking Price: |
£139,000
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| Net Profit: |
£62,000 |
| Sales Revenue: |
£192,000 |
| Number of Staff: |
9 |
| Established For: |
25 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Leicester, Leicestershire, United Kingdom |
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Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £190,000 with a net profit of £62,000 (see financial summary below).
- A business with great potential which has not been exploited by the current owner.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides unisex hairdressing.
- The current owner is prepared to stay on in the business as head stylist thus keeping the clientele that has been built over the past 25 years.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Established City Centre Hairdressers which has been established since 1986. The business has been in the hands of the current owner since inception and now wishes to sell due to other business interests.
Services
This very good business opportunity provides unisex hairdressing in a busy city centre.
Staffing
The concern employs 9 full-time and part-time members of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some ½ a mile away.
There is no local competition.
Market
The client base consists of a wide range of age groups which includes regulars and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late evenings.
• Special offers.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced, part of a parade of shops and is approximately 60 ft x 30 ft. The front is branded with an attractive glass front. There is a security alarm and light. The main customer service area is tiled with stone and has shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
EXTERNAL
To the front there is a busy street.
To the side there are parking bays.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £8,000.
FINANCIAL DETAILS
The present annual turnover is £192,000 with a gross profit of £130,000 and a net profit of £62,000. The wages are £78,000. The present value of the stock is £6,000.
The potential turnover of the business within the next 2 years is forecast to reach £276,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
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.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 10 years with 9 years remaining. The rent is £10,000 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £3,000. |
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Current Rent: |
10,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in Leicester City Centre of Leicestershire.
- Superb city centre location.
- Part of a parade of shops.
- Excellent parking facilities to the side and rear.
- Industrial estates nearby.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area. |
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As far as competition is concerned there is another similar business some ½ a mile away.
There is no local competition.
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late evenings.
• Special offers.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Owner wishes to sell due to other business interests. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday & Tuesday: 9.00 am – 5.00 pm.
Wednesday: 9.00 am – 8.00 pm.
Thursday & Friday: 9.00 am – 6.00 pm.
Saturdays: 9.00 am – 4.30 pm.
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The concern employs 9 full-time and part-time members of staff. |
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