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Well Established Hair & Beauty Business For Sale

City Of London, London, UK
Asking Price:
£74,995
Turnover:
£89,310
Net Profit:
Available on request

Business
Please quote reference B06049

Hilton Smythe is delighted to present to the market a Hair & Beauty salon for sale.

The salon has been established within this area for over 10 years and is now being made available for sale due to our client’s wish to concentrate on her other business interest.

The larger than expected salon offers both hairdressing and male barbering services and includes a private beauty room to the rear.

The services include –

Full pre-qualification with stylist
Hair colour and pre-cut consultation
Hair styling
Cutting
Straightening/ Blow dry
Bridal hair and makeup
Colouring
Perming
Hair extensions by ‘Great lengths’
Children’s cuts
Male barbering and cutthroat shaving
Nail & Beauty services

Until 2021, our client had a team of stylists and a nail technician working within the business however due to the pressures of her other business, she has now decided to rent out chairs to both hair stylists and barbers as well as the rear beauty room.

Any new buyer may continue with the focus on renting spaces or re-introduce a new employed team.

There is enough space within the unit to operate both business models.

There is a very loyal local customer base as well as a very high passing footfall.

We recommend any new buyer look to increase the business by adding any of the following –

New social media presence – Facebook/Twitter/Instagram
Local leaflets drop campaign
Loyalty scheme
Extended opening hours
Improved colouring techniques
Additional staff
Increased beauty services
Add a 2nd beauty room
Re-model & new decoration of salon space

Very rare do salon businesses come onto the market in this high footfall area and we therefore recommend early enquiries to avoid disappointment.

Location
The business occupies a highly enviable trading position in London.

This small parade of shops is set slightly back from the main road and forms part of the main pathway. The parade includes a Chinese restaurant, Greek restaurant, Dry cleaners, and Café.

There is a very high footfall due to its position and as a result there is a high concentration of residential homes in this area.

There is a busy bus stop and carpark in front of the salon.

There is a secure staff/customer car park to the rear of the salon as well as free parking in the neighbouring streets.

Premises

Fully alarmed with front and rear access
Single levels secure unit
Central reception desk and client seating area
2 x barbering stations
7 x hairdressing stations (with mirrors & storage)
2 x backwash units & storage shelving
Treatment room
Office
Staff kitchen
Access to rear car park

Rear External –

Secure garage for additional storage.

The business also has;

2x barbering chairs, 7x hairdressing chairs, reception desk and client waiting chairs

Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 5 year lease. The rent is currently £16,000 per annum.

Hours
The business is currently trading 5 days a week.

Staff
The business currently has 4 rented chairs to;

1 x Barber
2 x Hair Stylist ( 1 full time & 1 part time)
1 x Beautician

Financial Profile
Full financials can be made available upon further request.

Please quote reference B06049

Property Information

Property:

Leasehold

Contact Hilton Smythe

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