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Outstanding City Centre Trading Location
Annual Turnover £137,947(Audited)
Gross Profit £124,399(Audited)
Adjusted Net Profit £39,417
7 Styling Stations & Beauty Room
Presented To A Very High Standard
Large Active Customer Database
Close To Deansgate & House Of Fraser
Potential To Expand Beauty Services
Parking Available Close By
Reliable & Experienced Staff
EPC - D
REF 6412 – Leasehold Hair & Beauty Salon
Blacks Brokers are pleased to bring to the market this leasehold hair and beauty salon located in Manchester City Centre.
The Dalton Street Salon was established by our client on John Dalton Street in 2013 and has become a well known, prestigious salon in Manchester city centre. The business has become award winning becoming winner of its category in The Manchester Awards 2017 and in The English Hair & Beauty Awards 2017. There are numerous, excellent online reviews published on Google and Facebook. Our client has secured a large base of repeat customers and this superb location brings plenty of additional trade from passers by and visitors to the area. The business has a comprehensive website with appointment booking service in place.
This business is situated right in the city centre, within walking distance of Deansgate, House Of Fraser and other large multiples and department stores. The area is almost exclusively commercial with many high end shops, bars, eateries and so on.
Manchester is well linked by the A57(M) with superb public transport links and parking is available on nearby streets and a large NCP multi storey which is also close by.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator; however our client has been offered a new career opportunity. Therefore, the business is offered for sale. It presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a ten year lease and began in 2010 at a cost of £576 per week.
BUILDING LAYOUT AND DESIGN
The Dalton Street Salon occupies a prominent trading position within the ground floor of an impressive, retail property with private offices on the upper floors of the building. The salon is well branded with classic, tasteful signage displayed above a fully glazed double frontage. Inside, the salon is exquisite in presentation. There is a large, centre piece chandelier displayed above the modern reception desk which is fitted with electronic booking system and till point. There are seven mirrored styling stations and two back washes and a beauty room. The salon has wooden flooring fitted throughout with high quality fixtures and fittings in place including a luxury pedicure chair, two nail stations, nail desks fitted with UV lamps and lighting and much more. Air conditioning is in place and each area has been finished carefully with customer comfort in mind. There is a basement floor which is currently used for storage and supporting the business on the ground floor is a small kitchen area and toilet facilities.
The business is currently operating with 2 full time stylists and 2 self employed beauticians, 1 part time and 1 full time. The staff are long standing and experienced bringing their own customers in and they have each built strong relationships with customers. They can bring continuity of service for a new owner if required.
The Dalton Street Salon has traded solidly since opening. We are advised that the business currently has annual turnover of £137,947 with gross profit of £124,399.
The rateable value is £13,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business is well established and boasts a large customer base and exceptional reputation. It operates from a most impressive salon in a very enviable trading position. There is plenty of scope to further enhance this business with the introduction of a new social media presence and marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - Closed
Tues - 9am - 6pm
Wed - 9.30am - 7.30pm
Thur - 9am - 8.30pm
Fri - 9.30am - 6pm
Sat - 9am - 6pm
Sun - Closed
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