Superb Hair And Beauty Salon With Rental Income | | Undisclosed London | | LONDON SUPERB HAIR AND BEAUTY SALON WITH RENTAL INCOME Equipped to an excellent contemporary standard Located prominently in and up and coming area of South London Excellent level of turnover with adj net profit IRO £100k pa One bed maisonette above salon for rental or owners' accommodation Excellent website In super order with no investment beyond consideration price required L/H: £340,000 + SAV REF: 1270SE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72786
ADVERT IMPRESSIONS : 14,421 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | LEASEHOLD: | £340000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Highly visible trading position in densely populated suburban location in South London
Within easy striking distance of central London with excellent communication links
Close to tube station and a range of complementary businesses
On street parking close by
HISTORY
Established as a hair salon in the 1970s
Acquired by vendor in 2008 with considerable improvements made at a cost of approximately £85,000
Full programme of on going investment to maintain premises to top end and industry leading standard
Range of services and treatments varied to meet requirements of discerning clientele
Now benefits from diverse customer base with very high repeat rate
Excellent website introduced
REASON FOR SALE
Vendor is seeking a change of lifestyle after a number of years in the industry
PRODUCTS
Mainly Aveda
Perron Rigot waxing products
Range of supplementary brands used as required
SUPPLIERS
Products sourced from a range of traditional wholesalers
SERVICES
Hairdressing for ladies, gentlemen and children with the option of Creative Director, Senior Stylist or Graduate Stylist
o Shiatsu scalp massage
o Colouring
o Intensive conditioning treatment
o Full consultation
Beauty Treatments (Non Surgical)
o Hair removal
o Threading
o Eyebrow shaping and tinting
o Manicures
o Pedicures
o Facials
o Massage
Elemental
Hot Stone
Pregnancy
o Body treatments
o St Tropez tanning
o Packages
Tip and Toes
Express
Ultimate
Mens
Pregnancy
CUSTOMERS
Computerised client base of several thousands
Discerning and relatively affluent Londoners
Loyal with high repeat rate
Mixed and multi-cultural
80%/20% ladies/gents split overall
Approximately two thirds of work on hairdressing side and one third on beauty treatments; high crossover rate
STAFF
Highly experienced staff complement of 9 with many long serving members with exceptionally low rates of turnover
5 Full time stylists
1 Part time stylist
2 Part time receptionists
2 Full time assistants
2 Full time therapists
1 Part time therapist
Vendor and wife work within the business mainly in managerial capacity
TRADING HOURS
Monday to Friday 10 AM to 9 PM
Saturday 9 AM to 6 PM
Sunday 9 AM to 5 PM
FINANCIALS
Turnover undisclosed
Adjusted net profit approximately £100,000 per annum
Stock holding approximately £4,000
Ladies cut and blow dry £22 to £52
Mens cut £24 to £32
Colouring £46 to £105
Beauty treatments £10 to £140
Rental income from maisonette £9,000 per annum
OVERHEADS
Staff £150,000 pa
Rent £35,000 pa
Rates £1,450 pa
Heat/Light £3,600 pa
PREMISES AND EQUIPMENT
A contemporary salon on three levels equipped to a top end industry standard comprising briefly:
o Attractive double fronted window display
o Reception counter
o 6 Cutting stations
o 3 Individually designed beauty rooms
o Kitchen/staff room
o WC
One bedroom maisonette with separate access and currently let on short term tenancy
Range of sundry beauty equipment included within consideration price
STRENGTHS
Well established salon trading from current site since the 1970s
Substantial computerised client data base
Stable and reliable staff
Equipped to excellent contemporary standard
No immediate investment beyond consideration price required
Up and coming area with affluent urban population
Excellent demonstrable financial performance with high level of adjusted net profit
Rental income of £9,000 per annum from maisonette offsetting rental
Superb local reputation
Modern website
SCOPE
Superb opportunity to exploit under utilised cutting stations
Introduction of additional beauty treatments
Marketing to established client base
Expansion of existing loyalty scheme
Opportunities for cost savings for working owners
Maisonette could be as owners accommodation if required
TENURE
Leasehold
Term to be agreed
Rent £35,000 per annum
Rates £1,450 per annum
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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). | | | | | | FOR SALE | | | | | REFERENCE: | 1270SE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
