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Beautifully Presented Beauty Salon In Plymouth For Sale

Plymouth, Devon
Asking Price:
£25,000
Sales Revenue:
£14,500
Cash Flow:
Available on request

Business

Hilton Smythe is delighted to welcome to the market this well-established beauty salon Shades Tanning & Beauty.

The business has been trading for over 20 years, and in the hands of our client for just under two years. The business is only now offered to market due to our client’s family commitments.

The Business has since starting up introduced a range of beauty services including nails, waxing, lashes, spray tans make-up and massage.

There are several excellent online reviews noted on the website and Facebook the business has a strong online presence with a following of over 1,000 followers on social media.

Shades has two high quality Sunbeds one lay down and stand up both sunbeds have recently been retubed.
We feel there is scope for a new owner to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has an excellent and informative website in place.

This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location

The Business Is positioned on a busy row of two shops one being hair dresses and the other local corner shop which is a great customer base location in Eggbuckland Plymouth, with free parking.

Plymouth is a city on the south coast of Devon. According to the 2011 census, the city had a residential population of 256,384. Plymouth is very popular with visitors and tourists who visit historic naval attractions, as well as Plymouth Hoe and Smeaton`s Tower. With its rich maritime heritage and its status as the regional capital for culture, Plymouth is one of the most dynamic and fascinating places to live and visit in Devon.

The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Plymouth railway station is approximately 3 miles away. The area is also well served by the A-roads, with the A38 being within easy driving distance, which links to the national A-road and motorway networks. Paignton is approximately 25 miles away and Torquay is 27½ miles away.

Premises

The business is beautifully presented and fastidiously maintained.

Salon
Windows and glazed door to front creating a light, airy and inviting interior, suspended ceiling with concealed lighting, recently redecorated throughout with wooden vinyl flooring.

1 Beauty Room
2 sunbeds rooms
1 spray tan room
Equipment-
Nail desk
Standing sunbed
Standard sunbed
Electric beauty bed
Trolleys
And much more!

Tenure

We are advised the business is being sold as Leasehold.

Original lease length: 7 years.

Remaining lease length: 5 years as of 2019.

Review period: 3 years.
Rent: £6000 per annum.

Hours
Monday 11.00am - 6.30pm
Tuesday Closed
Wednesday 11.00am - 6.30pm
Thursday 11.00am - 6.30pm
Friday 11.00am - 6.30pm
Saturday 11.00am - 2.00pm
Sunday Closed

Staff

The business is currently a family run business with 3 self-employed members off staff.

Financial Profile

Shades generated an advised turnover of circa £15,000, with a net profit of £5,000.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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