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Established Hair and Beauty Salon in Thriving Development Area

Bayswater, London
Status
FOR SALE
Advert ID
244824
Reference
B05316 / Rightbiz
Leasehold Price: £200,000
Annual Turnover: £305,121
Business
Hilton Smythe are delighted to present to the market a once in a lifetime opportunity to purchase a Hair and Beauty business directly next door to one of London’s most exciting mixed use development projects, Whitley’s.

The business is now been run to suit our clients whose other business interests are now forcing them to sell after 11 years of successful styling.

The salon offers -

  • Men’s hair styling and cutting
  • Ladies hair styling and cutting, blow drying
  • Semi-permanent and permanent colouring
  • Manicures, Pedicures
  • Ladies and Men’s waxing
  • Eyelash extensions
    Eyebrow
  • Facials
  • Permanent and semi-permanent make up
  • Spray tans
They have a very loyal customer base which will be transferred to any new owner, as well as excellent feedback on social media, this includes -

4.9/5 on Treatwell

5/5 Facebook reviews

5/5 Yell.com

They advertise on Yell.com, Hairdressers Near me, Salonaddict, Defacto and Hairdressers Uk.

Hairdressing services start at £27 upto £200 and Beauty from £10 to £70.

The salon carries out a minimum of 5 spray tans per day.

We expect the level of interest to be high for the business due to increased footfall and new customer base which will happen soon, any new owner would benefit from increasing the range of beauty services currently available, adding new equipment and staff too.

Reorganising the lower ground level rooms would allow for more treatment spaces currently used.

Adding a new salon app with online booking ability would significantly increase weekly turnover and improve the efficiency of the staff within the salon.

We feel any experienced salon owner will be able to double the current turnover listed in accounts and truly capitalise on the new exciting developments in this area.



Location
MV Hair and Beauty occupies a highly enviable 2 floor premises on Queensway in Bayswater, London.

The salon is located next door to the multi million redevelopment of Whitley’s, an outstanding heritage building which will include new apartments and townhouses, a new hotel, cinema and choice of restaurants. The building will enhance the continued redevelopment of Queensway which includes widening the pavement areas to include a pedestrian friendly thoroughfare, encouraging local residents, shoppers and business people to spend more time and money within the area.

Bayswater is an affluent area within the City of Westminster and the Royal Borough of Kensington and Chelsea in West London. It is a built up district located 2.5 miles west of Charing Cross.

Queensway is a renowned shopping area of Bayswater offering an excellent choice of independent businesses, branded restaurants and High street banks.

There is metered parking available on Queensway.

Nearest Tube stations are Bayswater and Queensway.



Premises
Ground floor -

  • Main salon includes 9 x hair stations each with own mirror and storage unit

    Reception desk - client details, card machine and pc
  • Coffee bar
  • 3 x backwash units
  • Colouring store
  • Staff area and storage
  • Lower Ground -
  • Spray Tan room
  • Treatment room 1
  • Treatment room 2 (with shower cubicle)
  • Hallway area - large area for nail stations
  • Toilet, boiler room
  • Large staff room / kitchen (could be divided to create 3rd Treatment room)
  • Access to small courtyard space


Tenure
The business is being sold as a Leasehold opportunity with 8.5 years remaining on a 20 year Lease paying £80,000 per year.

Business rates payable are £33,000 per year



Hours
MONDAY TO SATURDAY - 9am to 8pm

SUNDAY - 11am to 7pm



Staff
The business is run and managed by our 2 clients with the help of 8 employed members of staff too.



Financial Profile
The 2017 accounts showed a turnover in excess of £300,000.



Listing Details
Location: Bayswater, London
Sector: Hairdressers, Beauty Salons
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Advert Reference: B05316 / Rightbiz

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