Business Hilton Smythe are delighted to present to the market Jessi’s Nails and Spa, established by our client earlier this year and reluctantly offered for sale due to the pressure of her small family.
The newly refitted shop unit has undergone a £25k refit and offers any new buyer the ability to walk in and continue trading without any further investment.
Our client offers 6 x choices of manicures, 7 x waxing options, massage, 6 x pedicure choices as well as gel nail extensions and repairs. The business also provides package offers including a student deal to attract new customers. There is potential to add Groupon or Tredwell offer vouchers to help promote the current turnover.
Our client informs us 50% of customer are locals and 50% students.
Demand for nails and treatments normally doubles through the Xmas period and in summer.
Our client currently rents out the additional chairs on a 50/50 split agreement to 2 part-time nail technicians, there is also potential to utilise the private treatment room by renting independently or adding a new beauty therapist to the team.
Agreed handover offered.
Location Jessi’s Nails and Spa occupies a highly visible trading position on Lewes Road, Brighton.
The contemporary salon sits within a busy row of shops which includes a grocery, restaurants, takeaways, estate agents, barbers and furniture shops. Lewes road (A270) is major road link from the A27 to Brighton University and into the centre of vibrant Brighton and its famous pier and coastline.
The road is a hub for thriving new businesses and location to the expanding university as well as the new retail park redevelopment ensures a constant footfall day and night. Directly behind the shop is a large residential area popular with students, young professionals and families.
Only 10 mins all into the centre of Brighton, the business also looks over the ‘Level’ a flat community park popular with people sitting down in the summer having picnics as well been used for fairs, music events and festivals.
Brighton is a famous seaside town only 1 hour on the train from London or 76 miles by car and thus attracts many who work within London and choose to enjoy the relaxed bohemian atmosphere the town offers.
There is metered parking in the streets adjacent to the business.
Premises Beautifully presented both externally and internally. Circa 82sqm
Customer waiting area - comfortable 3 x seater white leather sofas.
3 x nail stations with white leather chairs for both therapists and customer with storage facilities in each unit
Rear -2 raised pedicure stations with white leather chairs and individual sinks.
Beauty room - treatment bed, waxing equipment.
Tenure We are advised Leasehold, as of 2017,4.5 years remain
Rent is £15,600 per year
Hours The business opens:
Monday to Saturday 10.00 am - 8.00 pm Sunday 10.00 am - 6.00 pm
Staff The business is owner run with the assistance of 2 part time Therapists working on a self-employed 50/50 split agreement.
Financial Profile We are advised the average turnover is £1,000 per week with targeted sales for the current year of £52,000, gross profit in the region of 80%.
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