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Beautifully Presented Hair & Beauty Salon

City of London, London
Leasehold Price:
£29,995
Status
FOR SALE
Advert ID
246903
Reference
B05438 / Rightbiz
Business
Hilton Smythe are delighted to present to the market Magic Hair and Beauty (also known as Magic Fairies). The ‘Turnkey’ opportunity allows any new buyer the ability to walk straight in and carry on trading with many new options to both increase the turnover as well as increase the business space to the rear of the shop.

The business was established by our client 6 years ago who is now selling due to her decision to relocate back to her country of birth.

Our client admits the business is now run to suit and she now only offers beauty services to her list of loyal customers who can easily book through her excellent online website which is mainly known as ‘Magic Fairies’.

The business offers an excellent range of beauty services which includes:

  • Waxing (ladies and gents)
  • Facials
  • Manicures & Pedicures
  • Eyelash extensions (very popular)
  • Manicures and pedicures
  • Semi-permanent and full make up services
  • Threading
Our client has also introduced ‘Microblading’ which costs £200 per treatment which is proving to be very popular.

Our client previously employed additional staff who offered both hair styling and additional beauty services.

There is an excellent website which includes a 360 degree walk round of the salon interior which will be included in the sale, excellent Google positioning, Facebook and Twitter pages.

Our client totally transformed the unit when she took over, spending in the region of £40,000.

The business is priced to sell and will also include a full business handover from our client who is passionate about handing over her client list to a new owner.

We identify many areas a new buyer could easily double the current turnover which include:

  • Adding more staff to the team, especially to the hairdressing side
  • Adding massage services and non-permanent surgical procedures
  • Increasing the business space by extending into the private rear garden (this could double the current trading space if required)
  • Reintroducing the relationships with Hair / Beauty partners, such as Groupon, Treatwell & Voucher.
  • Focusing on social media links and campaigns within the area
  • Add Yell.com advertising
The business would be ideal for someone already trading as a beautician with some existing clients looking for their own salon.

Any new owner may also look to change the use of the shop as rarely do good sized units at this location come to the market.



Location
Magic Hair & Beauty (Magic Fairies) occupies a highly enviable training position on Green Lanes in Harringay in North London.

Grand Parade is a commanding parade at the junction of Green Lanes and St Ann’s Road and offers both locals and visitors to the area an excellent range of shops and services. The business is located next door to the Salisbury Hotel & Bar, near the local Tesco Express, several independent retailers, chemist, Gym, choice of estate agents, restaurants, takeaways and solicitors.

Harringay is a thriving community in North London which is centred on the section of Green Lanes running between the New River, where it crosses Green Lanes by Finsbury Park, and Ducketts Common, near Turnpike Lane.

Nearest mainline station is Harringay and nearest Tube is Manor House.

The business benefits from having pay and display parking facilities directly across from the shop.



Premises
A complete refurbishment of the salon included:

  • New electrics, plumbing & gas supply installation
  • New feature ceiling and lighting
  • New bespoke grey tiled flooring
  • New alarm system and CCTV
*entry gained behind the main Vietemenese restaurant.

  • Ground floor:
    Client waiting area - large comfortable sofa seating
  • Curved reception desk - lots of storage, client records and card machine
  • 4 hair / beauty stations (2 with sinks)
  • 2 nail treatment stations
  • Singer backwash unit with wall mounted storage shelving
  • Treatment room
External Rear:
Toilet
Large flat garden space - fully included in the lease and ideal development area to increase the current trading space




Tenure
The business is being sold as a Leasehold opportunity with 6 years remaining on a 12 year renewable lease paying just £12,500 per year. The business also benefits from full small business relief paying 0 rates in the current year,



Hours
MONDAY TO SATURDAY - 10am to 7.30pm
SUNDAY - closed




Staff
The business is currently run by our client only



Financial Profile
The business generates an average weekly turnover of £1,000.
Previous sales levels created an annual turnover of around £80,000




Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: City of London, London
Sector: Hairdressers, Beauty Salons
Financials
Annual Turnover: £50,000
Contact Agent
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Advert Reference: B05438 / Rightbiz
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