Premier Award-Winning Hair Salon Located in Wigan

Wigan, Greater Manchester
REF: INT3200

Asking Price:
£25,000
Annual Turnover:
£95,000
Annual Net Profit:
£22,000
Reduced
REF: INT3200
Photo of Premier Award-Winning Hair Salon Located in Wigan
Photo of Premier Award-Winning Hair Salon Located in Wigan
Photo of Premier Award-Winning Hair Salon Located in Wigan
Photo of Premier Award-Winning Hair Salon Located in Wigan

Overview

Tenure:
Leasehold
Established:
2017
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business

Established in 2017, the business is a successful hair salon business located in Wigan, an area of the UK currently undergoing exciting redevelopment. The business opening hours are 5 days a week, Tuesday to Saturday with longer opening hours on Wednesday and Thursday. The business offers a wide range of services including cutting and finishing, extensions, colour, and retexturising treatments.

The owners are looking to sell with the aim of focusing on their full-time occupations, presenting an exciting opportunity for a new owner to undertake a business venture with a loyal customer base.

One of only a handful of Aveda Salons in the North-East with a focus on natural products. This has brought in additional clients who are willing to travel from further afield.

The business benefits from a strong online presence including their own social media and a professional website which includes an automatic booking system.

The salon has an open-plan design with pristine interiors, complete with reception desk, 7 hair stations and 3 backwash basins. There is a separate beauty room, toilet facilities and staff break area. Security measures in place including a burglar alarm and reinforced glass windows. The area is supported with operational council-run CCTV.

The salon has an excellent retention rate of clients with approximately 1000 clients on their database of which 500 are regulars. The business boasts an 80% return rate and benefits from additional trade due to their top-quality service and Aveda specialist name. The business won the Regional Best New Business title, two years after its inception.

Headcount comprises of 1 FTE, 2 PTE and 2 freelance chair rents, which includes a co-owner. Management has a hands-off approach leaving the business to run autonomously with the current staff. The current owner is agreeable to remain at the business for a period as required to assist in the transition.

The business currently relies upon, organic sales, Fresha and word of mouth for new clients. There is scope to build upon the business growth through active marketing and using social media as a tool in advertising to a wider local audience and those interested in natural hair products.
The salon has an unused beauty room which has the potential to be offered out on a freelance basis or permanent contract. The new owner will be able to attract new clients who are looking for additional treatments should this become fully functioning. This would be an attractive proposition for the new owners who could advertise the business as a full-service hair and beauty salon.
Operational changes such as opening Monday and increasing the opening hours to additional late nights would likely benefit the business. The business previously offered student discount on a Monday to gain traction from the two large colleges within Wigan which could prove beneficial for trade during term periods.

Features

Key Information

  • Treatments Offered: Hair - Blow Drys, Hair - Bridal & Event, Hair - Colouring, Hair - Extensions, Hair - Highlights, Hair - Ladies' Cuts, Hair - Men's Cuts, Hair - Perms, Hair - Styling
  • Reception Area: Yes
  • Product Sales: Yes

Reputation

  • Google: 4.9

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.stonehousesalonandspa.com

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£11,880
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
2025
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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