Business Hilton Smythe welcomes to the market Costello.
The business was founded by the current owner in 2003 and is well known to the locals and has many regular customers many of whom are known on a first name basis by our client. The business is reluctantly being sold only so the owner can pursue her dream of teaching hairdressing and passing her skills on to the next generation of hairdressers.
Costello is a unisex hair salon which provides expert advice about hair. From cutting to colouring, and restyling and maintaining colour and condition of hair. The business uses Affinage and Kitoko ranges of products and offers the funkiest of colours through to more natural colours.
The business has a quality website and a Facebook page with 119 likes and enjoys fantastic reviews online from the likes of Treatwell and and has a highly visible presence on the internet.
Scope to Improve Extend the opening hours Advertising and marketing campaign Maximise the use of social media, look at Twitter and Instagram Increase the range of beauty treatments offered. Explore Wowcher and Groupon type offerings Attend wedding fairs. Consider stocking a branded range of hair products.
Location Bromsgrove is a town in Worcestershire about 16 miles north-east of Worcester and 13 miles southwest of Birmingham city centre.
Costello is perfectly situated on the busy Birmingham Road which is one of the main roads into the town and as such benefits from high levels of footfall and passing trade. The business is situated in a small but popular and vibrant shopping parade alongside other complimentary retail businesses such as a dry cleaners, a convenience store, a fish and chip shop and a busy Halfords store. There is free on street parking immediately outside the business which is immaculately presented and has distinctive and visible signage.
Bromsgrove is intersected by the A38 which was bypassed to the east of the town in 1980, the M5 motorway borders the west side and the M42 motorway starts at the north of the town. Bromsgrove railway station is situated to the south of the town, there is also a bus station adjacent to the high street.
There is a large development of over 300 new houses, which is nearly complete. A large super market and a large retail outlet will be opening in the summer of 2018. These factors will allow for a further increase in footfall to this already bustling location.
Premises The business occupies the ground floors of a period, terrace property and is beautifully presented and maintained.
Salon Windows and glazed door to front creating a light and airy interior, tiled floor, suspended ceiling with concealed lighting, tongue and groove wood panelling to dado height, five hair stations each with floating shelf or worktop, mirror and electrical sockets, bespoke counter with till and card machine, perimeter shelving and customer waiting area.
Rear Salon/ Ideal as a Treatment Room Accessed via an arch from the salon and offering the potential to be separated from the main part of the salon in order to perhaps provide a treatment room. Currently offering tongue and groove wood panelling to dado height, a back wash with glass floating shelves above and wall mounted radiator.
Stockroom To the rear of the salon is a useful stockroom with window to rear, perimeter shelving and tea making facilities.
To the rear of the business is a secure yard ideal for bin storage.
Tenure We are advised leasehold with the current lease being arranged on a rolling basis, we are further advised that the landlord who occupies the offices above the business would be more than happy to negotiate a mutually acceptable lease with a new owner.
The rent is £6000 which is very reasonable given the main road position of the business.
There are currently no business rates payable
Hours The business opens:-
Tuesday, Wednesday and Thursday 9.15am-5.30pm Friday 9.15am-6.00pm Saturday 9.00am-4.00pm Sunday and Monday closed.
Staff The business is owner managed with the assistance of one full time and one part time members of staff.
Financial Profile The vendor states a turnover in the region of £54,000 per annum.
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