Excellent opportunity to acquire a successful hair salon on the outskirts of Bexleyheath, South East London.
Would perfectly suit an existing salon owner looking to expand locations or a freelancer looking to merge their business with an established, long-returning client base and permanent location.
LOCATION
Fronting a main road and occupying a busy local trading position on the outskirts of Bexleyheath. Businesses nearby included estate agents, pubs and supermarkets.
BUSINESS
Trading as a hair salon previously for 30+ years, the current vendor purchased the business close to 10 years ago. Since then, the salon has been refurbished, which included the upgrade of equipment and salon environment. In addition, the reputation and brand of the salon have been enhanced together with a loyal client base grown.
The opportunity to purchase this thriving business is now available due to a combination of other business interests connected to the current owner (in a different industry) and changing family life dynamics.
FINANCIALS
The business currently enjoys takings of £70,000-£90,000 pa.
Profit of £30,000-£40,000 pa.
FUTURE OPPORTUNITIES
These include streamlining the business, offering additional services (inc. beauty/cosmetic), extending current opening hours, enhancing social media presence, developing additional marketing/advertising engagement and employing additional stylists. A growing clientele base with returning customers at its core positions this business to continue thriving and presents amazing upside potential for growth.
There is the potential to offer or transition premises to a nail salon with little/no surrounding competition.
STAFF
Currently operated by 4 hairdressers, 2 apprentices and 1 additional member of staff. Hours split full-time/part-time. As a result, there is a strong level of autonomy, and the business can run sufficiently without the owner present, though some form of active involvement would be beneficial to the business for future growth.
OPENING HOURS
Currently open 5 days a week
PREMISES
Single-fronted premises with an entrance to the salon floor, which includes a waiting area and reception desk. 7 cutting positions and 2 backwash sinks. Staff room that includes a kitchenette. Toilet and fenced garden area to the rear.
On refurbishment, the premises was upgraded with new electrical wiring and fittings and has subsequently had fixed electric heating installed.
TENURE
Leasehold. Strong lease in place with approx. 6.5 years remaining on the original 15-year lease. RENT – £11,500 pa
BUSINESS RATES
None payable
