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Tuesday 26th of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£230,000

Elite Hair Salon In Prime Fulham Location (parsons Green) Premium Advert

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Reference66661-85738 / RightBiz
Status
FOR SALE
Advert ID200800
LocationUndisclosed, London
SectorHair & Beauty, Beauty Salons
Leasehold Price£230,000
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oUp-market, exclusive hair salon in the highest income area of Fulham, Parsons Green
oSteps away from Parsons Green London Underground Station
oAdjacent to exclusive shopping boutiques and popular restaurants
oTop-quality fixtures & fittings throughout
oSix years in business with extensive client base and top reviews
o‘Average’ client pays £150 per visit
oAttached beauty clinic on lower-ground floor generating additional rental income
oAnnual turnover (including rental income) exceeds £175k
oOwner will consider financing up to 50% of the purchase price

This highly regarded and exclusive hair salon is in one of the highest income areas in West London, and reaps benefits from it perfect location. It is steps away from Parsons Green underground station (District Line), and adjacent to high-fashion clothes shops such as Jigsaw and Whistles. Across the street, the most popular coffee and lunch destination in the area, Le Pain Quotidien, is situated between the local Waitrose and Coop supermarkets. The business has perfect placement in an area surrounded by multi-million pound homes. The salon has hundreds of loyal clients in the area, who regularly visit for £100+ cut/style and £200+ colour treatments. The ‘average’ client spends approximately £150 per visit. The salon is decorated to a very high standard, with top-quality fixtures and fittings, custom lighting, and a premium sound system, all to ensure a wonderful client experience. The salon also benefits from a lower-ground floor, part of which is rented to a beauty clinic for additional rental income. Currently the business operates with the owner and two additional stylists (contracted), and registers turnover exceeding £150k per annum from the salon alone, with additional rental income from the beauty clinic adding to total turnover of approx. £177,000 per annum. The salon has stations for up to four additional stylists, so turnover/income could be expanded considerably more.

The business is for sale due to the owner’s plans to emigrate to Europe for family reasons, with Transworld as exclusive agent. The owner is happy to undertake a transition/training period with the new owner as part of the sale, to ensure a seamless handover of salon clients. The owner is also prepared to finance a credit-worthy buyer up to 50% of the purchase price, making this a particularly attractive opportunity.

Prospective buyers are encouraged to contact Bo Scott at Transworld as soon as possible on 07452 960 217, or by email to BScott@Tworld.com.
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