K Russell Hair Studio Sold by Bruce & Co.
17th January 2020
Bruce & Co. announce the sale of this stylish hair salon in Newton Mearns, Glasgow.
Established by the previous vendor 20 years ago, this salon has tremendously benefitted from the professional ownership and direction of the vendor.
Offering a wide range of salon services, this business has forged a strong reputation in the local area for providing an exceptional, user-oriented service.
Throughout the previous vendor’s tenure of the establishment, K Russell Hair Studio has received significant reinvestment and development.
As a result, the setting has evolved into an excellent quality hair salon, at the top of its sector.
After 20 years of operating this prime business, the vendor reached the conclusion that it was time to retire.
Their years of hard work and dedication, paired with their renovation and reinvestment into the business, resulted in them leaving in place the perfect business to acquire.
The vendor enlisted the experienced brokerage services of Bruce & Co. to assist in the sale of their business.
Once K Russel Hair Salon was placed onto the market, it swiftly sold.
After just 1 viewing and 1 offer, the business was ultimately acquired by a first-time buyer.
The buyer came from a construction background, already owning a business in the construction industry. They were looking for an ideal business to acquire for a relative to run.
It’s profitable reputation of the business and the previous vendor being willing to provide a handover was what ultimately influenced the sale.
The purchaser aims to refurbish and modernise the business, and to continue running it to a high standard.
The vendor commented;
“The whole experience and the level of service was excellent. We are very satisfied – mission accomplished.”
“We are very grateful to Steve for getting the deal completed on schedule. He dealt with everything very professionally with good levels of communication at all stages.”
“We are very happy with the buyer and their future plans for the business. We will definitely recommend Bruce & Co in the future and we have already recommended Bruce & Co to a friend who is thinking of selling in the coming year.”
The buyer commented;
“The buyer was very happy with the whole process and would recommend Bruce & Co. Our service was professional with a good level of communication all through the purchase.”
“Upon completion the buyer felt nervous and excited but is very happy that the vendors wife is staying on as an employee to assist the new owners.”
Lead Negotiator Stephen Croft commented;
“I am very happy to have completed the sale for this business. From the start I had a good relationship with the vendor with great open communication.”
“It was great to see the vendor so happy with the sale and in particular, his satisfaction with the buyer as they will have an ongoing working relationship going forward.”