Fully fitted hair salon in a prominent and affluent North London location directly opposite an Underground station. The salon specialises in European, Afro-Caribbean and Asian hair, including extensions, styling, colour, hair care and hair-loss solutions. The business has approximately 4,130 customer records and 1,900+ Instagram followers. Current turnover is approximately £4,000 per month, with the business breaking even while operating on a limited schedule. With substantial unused appointment and chair capacity, the salon offers scope for an incoming owner-operator or salon business with its own team to increase utilisation.
- Asking Price:
- £74,950 Furniture / Fixtures included
- Turnover:
- £48,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
Leasehold with 11 years remaining. No service charge is currently payable, and no business-rates payment is currently being made.
- Leasehold Rent:
-
£16,500 per annum
- Location:
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Prominent and affluent North London location directly opposite an Underground station.
- Premises Details:
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Fully fitted hair salon comprising four fitted styling stations, two wash basins, a reception and waiting area, storage and an established salon fit-out.
Business Operation
- Expansion Potential:
-
The salon currently operates on a limited schedule, with one self-employed stylist working approximately one week per month. This leaves substantial unused appointment and chair capacity for an incoming owner-operator or salon business with its own team.
Under fuller staffing, historic peak monthly turnover was approximately £14,700 during June–August 2019, with approximately 138 bookings per month. These figures are historic and are not represented as current maintainable earnings.
- Competition / Market:
-
The business has approximately 4,130 customer records and more than 1,900 Instagram followers.
- Reasons for selling:
-
The owner has relocated to Dubai and is seeking a complete exit because the business cannot be managed effectively from overseas.
- Trading hours:
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Limited trading schedule. Exact trading hours are not provided.
- Employees:
- One self-employed stylist currently works approximately one week per month.
- Years established:
- 8 years
