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Retail premises for sale

£54,995

45 High Street, Salisbury SP1

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Property description

Business
Hilton Smythe welcomes to the market Mirror Image, a long-established city centre hair salon business For Sale due only to our client's wish for a well earnt retirement and health reasons.

A busy city centre salon, which has been accredited as a user and supplier of 'Kerastase Paris' for over 17 years. The business benefits a healthy and very regular clientele of large repeat proportion with loyalty to its existing stylists. Offering ladies and gents cuts, blow dry and set, colourings, and traditional styling, the salon also offers a superb selection of products and associated sales from Kerastase Paris to the ghd lines. There is a quality mix of clients via much footfall, walk-in and passing trade, as well as plenty of tourists.

Established and honed over 17 years, the salon has a fantastic reputation and is renowned locally and more widely, with client's coming from as far as Southampton. Although, listed on and online via local directories, there would be scope and merit in creating a dedicated website and local social media channels.

An already successful and long-established operation with consistent and excellent historical financials, there is always room for organic growth. There is the opportunity to extend or play with the current opening times, which are currently set to suit our client and their lifestyle. Suitable as a first-time business buy, or young blood partnership purchase, there remains excellent growth and scope for someone to drive the business on to a newer level.

Location
Mirror Image is situated right at the heart of the stunning city of Salisbury, within the county of Wiltshire.

Situated on the High Street, part of a lovely cobbled street section at the centre of this stunning cathedral city, adjacent many other complimentary operators and businesses both corporate and independent. There is plentiful city centre patrons parking to the surrounds, with Queen Elizabeth Park and car parking being a short stroll. Vibrant signage and lovely kerb appeal being a listed building, the business is easily identified from the major cross roads diagonal.

Although benefitting a large tourist population especially American and Far Eastern, and being the only city in the county, Salisbury is a stunning cathedral city with incredible architecture, and is a popular place to live having a population of around 50,000 people throughout its densely populated residential outskirts and villages. Aside the cathedral itself, it is often a base camp for tourists to Stonehenge and the local attractions.

A busy and bustling city with heavy footfall, there is excellent public transport including a popular park and ride system, with the local road network offering easy access to the South Coast and East via the A303, putting places like Andover (18), Southampton (24) and Bournemouth (29) within easy reach. Salisbury is home to 'Appleford School', the preeminent school in the UK for Dyspraxia and Dyslexia, which greatly improves the annual transient population of the surrounding areas.
Premises
A beautifully presented ground floor salon, in a prominent position, with the benefit of being housed in a listed building circa 76 sqm.

Well presented, maintained, and appointed throughout with lovely decor, look, feel, and ambience, the salon briefly comprises: -

Large entrance vestibule with product and display cabinet, leading to the front of the salon with large Georgian style front window elevation, reception and payment area, fully equipped mirrored cutting stations.

A central area offers some ancillary space including an operator office, and has further product and display cabinets, plus a dedicated hair wash area with basins and hand-held showers.

To the rear is a further l-Shaped salon space, substantial in size and largely open plan, with plenty of fully equipped mirrored cutting stations, soft seating area with hair drying facilities, and rear staffing, ancillary area with kitchen and WC.

In its current configuration, the salon has a total of 10 cutting stations, and retains much of the character and appeal of a listed building, including exposed beams, half-timber panelling, wood style floors, yet has a clean, modern, fresh and stylish contemporary modern appointment about it.

The premises are central heated with radiators throughout.
Tenure
We are advised the business is being sold as a Leasehold business opportunity

Original lease length: Originally a 15 year lease term.

Remaining lease length: 3 years as of 2017

New terms available by negotiation.

Review period: Currently 5 yearly.

Rent: £27,000 per annum including rates.
Hours
The business opening hours:

Monday: Closed

Tuesday: 09:00 to 13:00

Wednesday: 09:00 to 16:00

Thursday: 09:00 to 16:00

Friday: 09:00 to 16:00

Saturday: 09:00 to 16:00

Sunday: Closed
staff
The business is run by a long-standing owner operator stylist, with the help of her husband and 2 other main stylists.
Financial profile
For the year ending 2016, the annual turnover was £66,156 with a gross profit of circa 85%.

The business over the last 17 years has plenty of weekly management accounts supporting in excess of £2000+ per week, as average takings. The salon is now run at a pace to suit our clients impending retirement and health.

What Zoopla users think of Salisbury

Overall rating:

  • currently 3.5 stars
Good - 74% (65 ratings)

Ratings breakdown:

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Community & safety
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Parks & recreation
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Parks & recreation
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Nearby transport

  • Salisbury (0.5 miles)
  • Dean (Wilts) (7.3 miles)
  • Grateley (10.5 miles)
  • Bournemouth Airport (20.0 miles)
  • Southampton Airport (20.8 miles)
  • Bristol Airport (45.5 miles)
  • Southampton Vehicle Ferry Terminal (20.8 miles)
  • Southampton Passenger Ferry Terminal (20.8 miles)
  • Hythe (Hants) Ferry Terminal (22.0 miles)

Nearby schools

View all schools in Wiltshire
  • St Osmund's Catholic Primary School, Salisbury (0.3 miles)
  • St Martin's CofE Voluntary Aided Primary School (0.6 miles)
  • Harnham Infants' School (0.7 miles)
  • Salisbury Sixth Form College (0.5 miles)
  • South Wiltshire UTC (0.9 miles)
  • Minstead Training Project (14.5 miles)
  • Bishop Wordsworth's Grammar School (0.2 miles)
  • Salisbury Cathedral School (0.2 miles)
  • The Farringdon Centre (0.4 miles)
Note: Distances are straight line measurements

Local info for Wiltshire

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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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