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Retail premises for sale

£59,995

1B Halford Street, Leicester LE1

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and busy hair, health and beauty salon in Leicester. The business was established by our clients in 1989 and is only now being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £82,000 per annum, with a gross profit of approximately 89%.

Our clients offer a wide range of hair and beauty services including unisex hair styling, colouring techniques, perming, microdermabrasion, manicures, pedicures, sun beds and waxing to name a few. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout, boasting six hairdressing work stations, three back washes and seven beauty treatment rooms to the second floor.

The business has built up an excellent reputation within the city for the high quality services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a small marketing campaign to highlight the business and the services offered. The business already has an excellent website in place at .

This is an excellent opportunity for a new owner to acquire a busy hair and beauty salon in a prime trading location; therefore early viewing must come highly recommended to avoid disappointment.

Location
Top to Toe occupies substantial first and second floor premises, ideally located on the very busy Halford Street within the City of Leicester, Leicestershire. The business is surrounded a wealth of complimentary shops and businesses, including many big high street names, therefore benefitting from a very high volume of footfall and passing trade. The business further benefits from public parking facilities within the area.

Leicester is a city in the East Midlands and lies on the River Soar at the edge of the National Forest. According to the 2011 census, the population of the wider Leicester urban area was 509,000, making it the tenth largest city in the United Kingdom. There are ten scheduled monuments in Leicester and thirteen grade I listed buildings.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. Leicester railway station is just over five minutes walk away. The area also has excellent transport links with the A594 being within easy driving distance, which link to the national a-road and motorway networks. Loughborough is approximately 12½ miles away and Coventry is 25½ miles away.
Premises
First and second floor premises, briefly comprising:

Ground floor:

Access from main street leading to staircase to first floor.

First floor:

Secure access main door.

Reception desk and waiting area with sofa and coffee table.

6 x hairdressing work stations.

3 x backwashes.

WC.

Office.

Stock cupboard.

Stairs to second floor.

Second floor:

Large open plan area.

7 x fully equipped beauty treatment rooms.

Staff room.

WC with shower.

Equipment included:

2 x laser machines.

Facelift machine.

Tanning booth.

Sun shower.

External with:

Street frontage access door.

Well signed.
Tenure
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 6 years

Review every: 5 years

Rent: £12,500 per annum
hours
The business is open:

Monday –Friday: 9.00am – 6.00pm

Saturday: 9.00am – 5.00pm

Sunday: Closed
staff
The business is owner run and managed with 3 x part time staff members.

Financial profile
The business generates a turnover in the region of £82,000 per annum, with a gross profit of approximately 89%.

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (539 ratings)

Ratings breakdown:

  • currently stars
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  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
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  • 1
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  • 5
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  • currently stars
  • 1
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  • 5

Nearby transport

  • Leicester (0.3 miles)
  • South Wigston (3.6 miles)
  • Syston (4.6 miles)
  • East Midlands Airport (15.9 miles)
  • Coventry Airport (23.5 miles)
  • Birmingham International Airport (28.8 miles)
  • West Lynn Ferry Landing (64.3 miles)
  • King's Lynn Ferry Landing (64.4 miles)
  • Hull Ferry Terminal (84.5 miles)

Nearby schools

View all schools in Leicester
  • Sparkenhoe Community Primary School (0.5 miles)
  • Highfields Primary School (0.6 miles)
  • Al-Islamia Institute for Education (0.6 miles)
  • Regent College (0.6 miles)
  • Leicester College co Freemen's Park Campus (0.8 miles)
  • Wyggeston and Queen Elizabeth I College (1.1 miles)
  • Moat Community College (0.5 miles)
  • Al-Ihsaan Community College (0.5 miles)
  • The Children's Hospital School (0.5 miles)
Note: Distances are straight line measurements

Local info for Leicester

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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