Sovereign is delighted to market this successful and highly regarded unisex hair salon, located in the heart of Worsley, Greater Manchester. The business was established by our clients in 1974, and only comes to market due to retirement. Under their careful ownership, the business has built up an excellent reputation for its welcoming atmosphere and friendly service and has acquired high levels of repeat trade and word of mouth recommendations.
The business presents an excellent opportunity for either an established Hairdresser/Barber looking for an additional site/bigger premises or an individual/partnership looking to take the step to running their own successful salon in a much sought-after area of Worsley.
The three storey premises are beautifully presented with stylish décor. Boasting a deceptively spacious ground floor, the salon features five cutting stations with back washes to the rear, along with a staff area and colour mixing area to the basement. The business comes with a valuable and complete inventory.
The business is staff managed & we are advised that it generates a turnover in the region of £38,000 per year with high gross profit margins. There is vast scope to increase turnover by extending trading hours. Currently the business trades 5 days a week & closes at 2pm on the days that it is open. There is also potential to increase the turnover via a localized marketing campaign, such as leaflet dropping and utilizing social media. There is also scope to introduce beauty treatments such as nails.
Properties in the vicinity have recently undergone development and have been converted to apartments, which will certainly add to levels of footfall, but it may also suggest that there is potential to convert the highly spacious floor (subject to planning permission). This could either be used as private living accommodation, or could generate a second income circa £650-£750 pcm as a rental.
The business and property are priced for a quick sale, therefore, early viewing must come highly recommended.
- Business ID:2778
- Annual Turnover Circa £38,000 With High Gross Profit
- Vast Scope To Increase Turnover: Increasing Trading hours, offering beauty treatments, social media campaign
- Prime Location With High Visibility Shop Frontage
- Outstanding Reputation
- Well Established with a High Volume of Repeat Custom
- Potential For Second Income: Converting the first floor to x2 2 Bed Apartments or 4 Bed Family Living Accommodation (STPP)
- Early Viewing Is Highly Recommended To Avoid Disappointment
Business ID: 2778
Annual Turnover: £38,000
Business Category: Hair & Beauty
Location: Greater Manchester
Living Accommodation: No
EPC Rating: Awaiting Cert
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