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Hilton Smythe are delighted to present to the market Olympia, a Hair & Beauty business with over 30 years trading history carrying out mainly beauty services. Our client purchased the business just over 5 years ago and due to relocation is now looking to market the business for a quick sale.
Our client initially invested over £25,000 updating the salon which included new electrics, decor, equipment and facia.
At time of instruction the business comes with 5-star customer reviews on Google including 4.8/5-star reviews on their Facebook page.
We are advised that a Full Fire certificate is in place to comply with new safety checks as well as a recent electrical test and Epc.
Our client is currently just offering Hair styling, Nail treatments and Eyelash treatments as the business is being run to suit. Previously, the business had a stand-up tanning machine located in a private room, our client has since rented this room for £100 per week to a Therapist carrying out massage treatments.
The business comes with the option of a new 10 year lease term, very attractive in this busy area.
We recommend any new buyer investigates any of the following areas to significantly increase current turnover levels –
Rent 1 - 2 of the hairdressing stations & small treatment room
Add Botox, fillers and more non-surgical treatments
Add Hair removal treatments
Add fat reduction treatments
Add spray tanning or solarium tanning
Extend opening hours
Add private party bookings for groups
Add children’s pamper sessions
Introduce local advertising and a local business loyalty scheme
Add more employees or self-employed members of staff
The price placed on this business is for the transfer of assets and lease, any potential buyer looking to change the use of the business should also look to view this versatile unit.
Olympia (Hair & Beauty Salon) occupies a central trading position along the busy High Road in Leyton, London.
The street is renowned for its choice of independent businesses which include cafes, garages, clothing shops, carpet and furniture, restaurants, main post office and pharmacy.
Leyton is a popular district of East London and part of the London Borough of Waltham Forest, located just over 6 miles north-east of Charing Cross. It borders Walthamstow and Leytonstone in Waltham Forest, Stratford the London Borough of Newham and Homerton and Lower Clapton in the London Borough of Hackney.
The business sits between 2 mainline stations, Leyton Midland Road and Leytonstone High Road and is 5 mins walk from Leytonstone Tube station on the central line.
There is pay and display parking available directly outside the business.
Large floor to ceiling windows offer full view of the salon area. There are good electric shutters to the full window space including CCTV.
Reception area with sofa
3 x hair stations with full length wall mounted mirrors
3 x storage trolleys
3 x glass cube retail display cabinets, 2 x treatments lamps, 6 x wall mounted glass shelves
1 x single backwash unit
Secluded treatment bed for eyelash treatments, storage and table
Treatment Room 1 - could be rented out or easily changed into either spray tanning booth or stand up tanning booth, comes with 3 x chairs
There is an available parking space for any new buyer to the rear of the property,
We are advised there will be a new 10 year lease made available for any new buyer just £7,800 per annum, the business benefits from full small business relief paying 0 rates in the current year.
The business is currently run to suit our client who mainly works on a ‘appointment only’ arrangement. The previous opening hours were -
MONDAY TO FRIDAY - 11am to 7pm.
The business is currently run and managed by our client only.
The business is current running at approximately £4,000 per month gross turnover.
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