SOLD / WITHDRAWN
5962 / Rightbiz
- Established Since 2009
- Annual Turnover £237,292 Audited
- Gross Profit £202,000
- Loyal Client Base
- Sought After Location
- EPC - G
REF 5962 – Leasehold Hair & Beauty Salon
Blacks Business Brokers are proud to bring to the market this leasehold hair and beauty salon located in the E2 area of London.
The Painted Lady has been trading on Redchurch Street since 2009 with our client in ownership since opening. During that time, the business has firmly established itself within the local community, having gained a large, local customer base and a superb reputation. The business offers a wide range of hair and beauty services and products including nail enhancement, hair styling and design and make up application along with wedding packages and pamper packages.
Located on the trendy and bustling Redchurch Street in Shoreditch in East London, a short distance from Old Spitalfields Market, Leadenhall Market and The City of London. This area is well linked with the A10 and A501, with superb public transport links and parking available in the immediate vicinity.
REASON FOR SALE
The Painted Lady is only being offered for sale due to our client’s other business and lifestyle desires.
The building will be available on a new Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The new lease will be fully negotiated with the business sale but will run at a cost of £3,000 per calendar month for the first year and will go up to £3,500 the second year.
BUILDING LAYOUT AND DESIGN
The Painted Lady is housed within the ground and lower ground floors of a large, double fronted, three-storey property within a well-known, much sought after parade of shops and businesses.
The salon is well branded with clear signage on display and a fully glazed frontage.
Inside, an attractive wood floored salon welcomes customers in with comfortable lounge/waiting area and beautiful exposed brick work. The ground floor is set across 3 rooms.
The main space which consists of 4 cutting stations the retro reception desk and waiting area.
To the rear is the wet room which has two backwash stations and colour dispensary and the Kitchen which has access to the small courtyard and storage.
Downstairs is the manicure and pedicure salon. With 2 skylights to bring in some natural light to the lower ground, it also has two cutting stations.All areas are presented well with modern lighting, tasteful décor and good quality fixtures and fittings.
The Painted Lady is currently operating with four, full-time members of staff in employment.
Financial details are available upon a viewing of the business and The Painted Lady has traded solidly over its trading history. The business generates an annual turnover of £235,000 with gross profits of £202,000.
Redchurch Street in Shoreditch is very busy area of trendy shops, bars and eateries which has become a highly desirable and affluent part of London to live. Located a short distance from The City of London as well as the Beehive and St Pauls Cathedral.An ideal acquisition opportunity for an existing chain of salons to expand into this area or an ambitious individual looking to start up in this fast paced and affluent location. Early viewings are strongly recommended.
Fixtures & Fittings:
6x Salon Chairs
1x 3 Seater Sofa
5x Single Seater Chairs (3 used for pedicures)
1x Boat Bar
2x Gel Nail Curing Lamps
6x Full Length Mirrors
2x Manicure/Makeup Tables
3x Salon Colour Trolleys
Mon - Fri: 11:00 - 20:00 Sat: 11:00 - 18:00 Sun: 12:00 - 17:00
£692 Per Week. Weekly Rent:
£692 Per Week.
Leasehold Price: £119,995
Location: City of London, London
Sector: Engraving Businesses, Hairdressers
Annual Turnover: £237,292
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