Hair Salon In Central London With Scope For Working Owner | | Westminster London | | CENTRAL LONDON HAIR SALON WITH SCOPE FOR WORKING OWNER High visible location close to Gov offices & blue chip hq Excellent c/m base low rent & rates for area Staff run -vendor works part time only A/T: £440,600 GP: £398600 NP: £80,500 Scope for full time working owner L/H: £280,000 +SAV REF: 9930SW | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59450
ADVERT IMPRESSIONS : 10,346 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £280,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The salon has a high visibility, central London location, close to many government offices and blue chip business headquarters.
HISTORY
• The business was founded by the vendor over 11 years ago
• The salon has an excellent local and national reputation, was voted salon of the year in 2005 and has maintained the same levels of service and quality since
REASON FOR SALE
• The vendor wishes to concentrate on an alternative unrelated business venture
SERVICES
• The salon has a loyal and regular clientele which is approximately 70% female and 30% male
• The salon stylists are categorised according to their level of seniority, which has been achieved by a regular programme of training and testing and is reflected in the pricing structure of the salon
• Services include colouring, perming, highlighting, straightening and styling for ladies, gents and children
• The salon also rents out a beauty room and nail bar
CUSTOMERS
• The clients are drawn mainly from the many government offices which are close to the salon as well as the nearby blue chip business head offices
STAFF
• 8 full time staff
• 6 part time staff who work on average for 3 days per week
• The salon is virtually staff run as the vendor only works for approximately 2 days per week
TRADING HOURS
Mon to Wed: 9.30am to 6.30pm
Thurs & Fri: 9.30am to 7.15pm
Sat: 9.30am to 5.45pm
FINANCIALS
2009 2008 2007
Sales £440,607 £460,506 £480,786
Gross £398,684 £361,384 £427,292
Net £ 80,509 £ 32,325 £ 78,404
Stock holding: £6,000
OVERHEADS
Staff costs £226,743
PREMISES
Ground floor mid terraced premises which briefly comprise:
• Entry from pavement into the salon
• Fronting reception desk with full epos till
• Rear flat screen plasma TV
• Side product display shelving
• 14 work stations arranged along the length of the salon, in 2 rows of 5, plus 1 row of 4
• 4 back wash units
• Beauty room
• Nail bar
• Rear kitchen
• Stores and w/c
• Second kitchen unit with upright fridge, microwave, washing machine and tumble dryer
• Rear exit to service yard
• The salon is extremely well presented throughout with a great ambience
• Marble tiled floor
• Full air conditioning
• Ceiling spot lights
• 3 camera CCTV system and alarm
STRENGTHS
• An extremely well established salon which has been trading from the current premises for over 11 years
• Outstanding high visibility location near to many government offices and blue chip business headquarters
• Loyal and regular customer base
• Stable and reliable staffing complement
• Limited competition locally
SCOPE
• A full time working owner could save considerably on staff costs
• Having a fully operating web site
• Review the prices charges which have not been increased for over 2 years
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9930SW / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
