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Sizeable Investment In F+F
Exquisitely Presented, Award Winning Business
Rapidly Growing Social Media Presence
Excellent Opportunity For Development
New 10 Year Lease Available
EPC Rating - D
This impressive hair salon is situated on the outskirts of Westhoughton, a popular Lancashire village, the location is easily accessible thanks to its proximity to the M61 motorway, junction 5 of which is just a matter of yards away.
There are a number of features that make this business stand out to prospective purchasers, one of these is the presentation of the business. The shop had a full refurbishment in October 2011 with a brief of producing a homogenous look in a classic yet contemporary style. This has been achieved superbly, with the end product conveying a premium image. For new owners this presents a situation whereby investment in fixtures and fittings will be many years away.
Another factor for potential purchasers is the opportunity to introduce an Aesthetic Clinic . This could potentially provide a valuable additional income, with the option for a new owner to bring these facilities in house, thereby increasing turnover and profits.
The business is currently run with the owners taking a “hands off” approach to the running of the business; consequently, new owners who can take a more hands on approach will undoubtedly see the current sales as a launch pad to take sales much higher. Additionally, the adjustment in wages will undoubtedly see the adjusted net profit rise exponentially.
Another point of interest is that the current owners also own the freehold and a new 10 year lease will be available to purchasers. Initially, the rent will be £15,800 pa reflecting market conditions for the area, however all terms are subject to negotiation.
This therefore represents a tremendous opportunity to new owners, this is a well priced business that has already received substantial investment, it has a cracking trading location and there are obvious agendas’ as to how and why sales can be increased.
For more information about this property, please contact Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)
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