_Business_
_Please quote reference B06128_
Hilton Smythe is delighted to welcome to the market an opportunity to acquire
an outstanding, award winning hair and beauty salon along with a separate
barber’s shop on a leasehold basis.
The business has built up an enviable reputation not just locally but within
the industry in general, a true testament to the hard work & dedication from
the current owner, resulting in the high calibre of business on offer.
The business has been reduced in price, the buyer will be required to cover
the sellers legal fees.
The business is now being offered for sale due to a change in personal
circumstances for our clients. The Salon has been in business for 30 years and
has been under the careful & meticulous ownership of our clients since 2007,
who then introduced the barber’s side to the business as well as growing the
business to an impressive level with an excellent local reputation. The
business is seen as a real hub within the community and can be found in true
“turnkey “condition after an extensive programme of refurbishment over the
years.
The salon boasts award winning and competition winning hair stylists that
specialise in all aspects of hairdressing from hair cutting and colouring
through to perming, hairpieces, and extensions, with the beauty salon
complimenting the service with a complete range of treatments. In addition,
the business also has a barbering service for gents cuts and styling that is
again an extremely popular service that generates additional income for the
business.
We feel there is scope to increase turnover with the undertaking of a robust
marketing campaign via local press, social media, and further promotion of the
dedicated website, along with offering some further treatments and products.
This is a highly desirable business with an excellent business model in place
and would be a very attractive proposition for either an individual or
partnership looking for their first business in this sector which is already
established or for an experienced operator looking for an additional business
with an attractive income stream.
Very rarely do businesses of this calibre come to the open market therefore,
early viewing must come highly recommended to avoid disappointment.
_Location_
The business is located in a prime trading location on the busy and thriving
Market Jew Street area within the popular coastal town of Penzance, benefiting
from being surrounded by a host of complimentary independent retailers, and as
such leading to a good level of footfall and passing trade.
Penzance is the most westerly major town in Cornwall and is about 64 miles
west - southwest of Plymouth and 255 miles west - southwest of London, and
benefits from being well serviced in terms of local amenities along with
benefitting from excellent transport links via road and rail.
_Premises_
The business occupies 2 commercial premises with the main hairdressing
component of the salon being open plan and covering 90sqm. This area includes
a reception area and a waiting area with retail stands and drinks facilities
and a 4 - station backwash area. There are currently 10 hairdressing stations,
but more could be added with ease.
At the far end of the salon are doors to the staff room and bathroom. There is
another door which leads to a 3rd room which currently houses a stand - up uv
tanning shower.
The barbers is located in the adjacent premises and also features the office,
laundry area and a beauty room.
Hot water is supplied via gas combi boiler and storage tank. 3 phase
Electricity supplies the salon unit while the adjacent unit is single phase
mains.
_Tenure_
We are advised that the businesses are being sold on a Leasehold basis, with 1
year remaining on the 15 year lease. The rent is £3, 125 per month.
_Hours_
The business hours are -
Monday - 09: 00 – 18: 00
Tuesday - 09: 00 – 18: 00
Wednesday - 09: 00 - 18: 00
Thursday - 09: 00 – 20: 00
Friday - 09: 00 – 18: 00
Saturday - Closed
Sunday - Closed
_Staff_
We are advised that the business has 9 full - time staff members.
_Financial Profile_
We are advised as per the 2019 accounts, the businesses generated a combine
turnover in the region of £360, 000, with an adjusted net profit in the region
of £52, 000.
In 2021 both combined turnover was £202, 245. Full financials can be made
available upon further request.
The buyer is to cover the sellers legal fees.
_Please quote reference B06128_

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