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Exceptional Hairdressers Salon For Sale In Peterborough

Peterborough, Cambridgeshire

Asking Price £20,000
Turnover £30,000

Business overview

Small Well Established Hairdressing Business for Sale in Peterborough. £20,000. T/o £30k per year.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

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Business description

Small Well Established Hairdressing Business for Sale in Peterborough. £20,000. T/o £30k per year.

Leasehold property on a parade of shops in a secondary location. Renting is through a local housing association of £5500 p/y plus rent deposit. Current 5 year lease on the property 3.5 years remaininv. I'm willing to pay half of the solicitors fee of the housing association (approx. £750 each) for the transfer over only. There are additional charges to the Housing Association if you are interested in buying this business. Each to pay own fees and solicitors.

Currently owned and staffed by the owner (currently on mat leave) and 1 employee. The business has ran successfully with 2 stylists for the past 3 1/2 years.

Genuine reason for sale.

The salon has been established since the 1950's with only approximately 4/5 previous owners. Business was with the previous owner for 25 years and with the current owner for 6 years.

Turnover is £30k per year, profits (after salary) of £4 - 6k but has potential for a lot more. The salon has 5 stations (3 with electric 2 without) and a movable nail bar. Opportunity to add a beauty and nail service into the business or additional staff/businesses to utilise the extra stations, renting out the stations. Preview of accounts available for genuine enquiries.

The salon has a loyal client base, ranging from children to elderly (90 years). The services we offer are
blow drys/sets/cuts/colours/highlights. Bookings are entered through an online salon system (Salonlite), which is accessible through any internet connection.

I wish to retain the name of the salon due to future business needs, however this will not be running a salon in the local area. All signage will need to changed to your own salon name as soon as things have been completed.

I have loved owning this business and working with the customers, but unfortunately it is time for me to move on. I have ran the business through enjoyment of performing the job and it has never been ran to make a huge amount of profit. There is however the potential for someone who has the enthusiasm to further its future and take this business from strength to strength.

Business location

Peterborough

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