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Established Hair And Beauty Salon In Central London For Sale

Central London, London
Asking Price:
£99,995
Sales Revenue:
£565,755
Cash Flow:
£61,888

LOCATION
This business is situated in the desirable SE1 London borough of Southwark. It is within the main commercial area, close to The Shard, News UK and Borough Market area of London Bridge. It lies less than a minute from London Bridge station, and between London Bridge and More London.

FINANCIAL DETAILS
The last accounts for the year ended 31st March 2017 showed a turnover of £565,755 with an operating profit of £61,888 pa.

BUSINESS DETAILS
This highly successful hair and beauty salon was established over 20 years ago and the owners are now looking to retire. There is a possibility of transitional help by the owners to ensure a smooth takeover if required and one of the Owners may be prepared to stay on in the business as a full-time manager.

The business is fully staffed with 17 employees many of whom have a regular client base and they have all been employed for between 3 and 25 years.

This High-End Salon provides a huge array of products and services and is very well known as a one-stop shop in the area. It has long-standing relationships with many international cosmetics retailers and offers its clients high-quality services using top brands. The client base is very loyal and is mainly local residents and the local employee pool.

The business is well presented on social media, has a website and it has excellent opportunities to expand and grow.

PROPERTY
The premises consist of approximately 2,900 sq ft of commercial space with 4 treatment rooms and 14 workstations.

TRADING HOURS
Open 6 days per week

TENANCY
The business is leasehold, and the original lease was for 25 years. The present lease is until 2024. The rent is £23,750.00 pa.


Ref: 13340
Price: £99,995

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

Property information

Property:

Leasehold

Lease Terms:

The business is leasehold and the original lease was for 25 years. The present lease is until 2024. The rent is £23,750.00 pa.

Leasehold Rent:

£23,750 per annum

Location:

This business is situated in the desirable SE1 London borough of Southwark. It is within the main commercial area, close to the The Shard, News UK and Borough Market area of London Bridge. It lies less than a minute from London Bridge station, and between London Bridge and More London.

Premises Details:

The premises consist of approximately 2,900 sq ft of commercial space with 4 treatment rooms and 14 workstations.

Business Operation

Reasons for selling:

Retirement

Years established:
Over 20 year

Other Information

Support & training:

Available

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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