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Health & Beauty Salon - Islington For Sale

Islington, London, UK
Asking Price:
On request Furniture / Fixtures included
Turnover:
£109,200
Net Profit:
Available on request

Also Option To Rent Part Of Premises
Highly Sought After Area
High Value Fixtures & Fittings
New Sub-Lease To Be Negotiated
Currently trading only 3 days a week but fully booked up
Taking £700 a day based on 1 room being used
Rental income from renting out 2 of the rooms
Client Database of 1600
Competitive Rent
4 Beauty Rooms
Fantastic Online Reviews
Scope To Introduce Further Treatments
EPC - F

REF 6726 – Health & Beauty Salon Opportunity

Blacks Brokers are pleased to bring to the market this 4 room health & beauty salon proposition located in a highly sought after area of Islington, Greater London.

INTRODUCTION

The Salon space is located in the lower ground floor of Dermacia Pharmacy and enjoys the benefit of having a separate entrance from the Pharmacy on Canonbury Lane. Currently the salon space is under utilised and is only using one of the available rooms on Wednesday, Friday and Saturday. There is 1 self employed beautician currently working in the business who is happy to remain should a new owner desire. Therefore a new owner has the opportunity to not only increase the opening days to all week but also has the opportunity to multiply this by using all the available space. The business takes on average £600-£700 a day.

The current trading salon is called Dermacia Salon and it opened in 1999 and currently offers a range of services such as skincare treatments, facials, massages, manicures and much more. The business benefits from its location on Upper Street due to the superb surrounding area bringing a large amount of both local and passing trade. The current business is very well known and has an excellent reputation and excellent online reviews. The salon has a large base of regular customers (circa. 1600) and there is much demand for this type of business in this area. There are currently 2 rooms rented out to a podiatrist and an osteopath for £100 a day. A new owner could continue to rent out to these parties and claim the rental income, or there is the option to just rent a room from the owner if a new owner doesn't want the whole premises.

LOCATION

This is a busy and highly sought after district of London. Upper Street has a range of beauty salons and the location is synonymous with hair and beauty, making this a prime position for a new owner to build on the impressive trading foundations already in place. The area is well connected to the A1, there are excellent public transport links with Highbury and Islington Station just a five minute walk away and parking is available in the surrounding area.

REASON FOR SALE

The space has become available as demand for the salon has grown and our client cannot dedicate the time to the proposition due to other business commitments.

This proposition is ideally suited to a hands-on owner-operator who could capitalise on the opportunity and expand the current salon into all the space provided and extend the open hours to trade over 7 days.

LEASE

The building is available on a sub let with competitive rent. The lease will be a Full Repair and Insure lease (FRI lease), this is the most common form of commercial property lease. The lease will be fully negotiated with our client upon sale of the business, it will run at a cost of £721 per week.

BUILDING LAYOUT AND DESIGN

The salon space is positioned within the lower ground floor of a popular local pharmacy with its own separate entrance to the side, accessed from Canonbury Lane. The salon is well branded with large signage displayed above. Inside, the entrance leads to a small lobby area with stairs down to the reception room. There are four beautifully presented, fully equipped beauty rooms fitted with beauty beds, wash facilities, storage units and other equipment. There are also staff toilet facilities, a kitchen and staff room within the ground floor – these areas are shared with the pharmacy that operates from the ground floor. All areas are finished nicely with good quality fixtures and fittings in place. A full inventory is available upon request.

BUSINESS RATES

The business rates will be split 50/50 with our client.

SUMMARY

This is a first class opportunity to rent a 4 room beauty salon that has a large database of active customers and is fully equipped. This prime location occupies a superb trading position in a highly sought after area of Islington. There is plenty of scope to develop the business further with the introduction of further services such as aesthetics, holistic therapy, comfy contouring therapy etc. This proposition would ideally suit an owner operating team who could push the business forward and build upon the 20 year trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Current opening hours are;
WED & FRI: 09:00 - 19:00
SAT: 09:00 - 18:00
These can be tailored to suit

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