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Profitable, Well Established Hair And Beauty Spa

Chichester, Bognor Regis & Emsworth, West Sussex

Asking Price £185,000
Turnover £110,000

Business overview

My salon has been established for 33 years as a hair salon. This then expanded to hair and beauty 13 years ago.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Property value
  • Estimated EPC rating
  • Stock value
  • Reason for sale

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Business description

My hair and beauty salon has a client base stretching back to when the business was first established 33 years ago. We serve clients of all ages, who return at varying intervals of time dependent on the treatments provided. Records of all clients are available. We do not advertise very much, as all of our business comes through recommendations.

The business is currently open Monday to Saturday and closed on a Sunday. This could be expanded as there is currently only 1 full time stylist. As well as this, there is scope for expansion in the beauty side of the business, as there is currently only 1 beautician.

Year on year the business has grown, apart from last year where growth was still. This year however, growth has again increased. The salon can accommodate for 5 stylists and I haven't employed any more as I am seeking to retire soon. Apart from myself (I work 4 days a week), the employed staff are as follows:

1 full time Hairstylist
1 part time Beautician
3 part time Hairdressers
1 full time Trainee
1 part time Receptionist

If I was not looking to retire soon, I would look to employ 2/3 more stylists, 1 more beautician/receptionist and look to rent out 1 of the 3 beauty rooms that we have available. I would be willing to stay on for a transition period of 6 weeks, should the new owner wish me to do so.

Included in the asking price of the business:

Beauty machines
New stand up sunbed
3 Beds (1 electronic)
16 chairs
6 lighting chandeliers
7 large mirrors
Paintings
3 basin back wash stand (replaced last month)
The premises has been painted in the last 2 years, but some work may be needed on the salon floor. Overall, it is in very good condition and fully workable.

The freehold could be purchased alongside the business for £200,000, though I would also lease the property for £1200 a month.'

Business location

The business is located on the Sussex Coast.

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