SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Established Hair & Beauty Salon Brixton

City of London, London

Status

SOLD / WITHDRAWN

Date Submitted:

20/02/20

Advert ID

256676

Reference

7111 / Rightbiz
Leasehold: £59,000
Annual Turnover: £74,831
    Prominent Main Road Location

    Profit and Loss Available Year End March 2020

    Annual Turnover £74,831

    Gross Profit £58,888

    Accounts Available After Viewing

    Repeat Customer Base

    Fully Equipped

    Good Public Transport Links

    Fantastic Online Reviews

    Scope For Longer Opening

    Potential To Introduce New Beauty Services

    Social Media Growth Potential

    EPC - F

Description:
REF 7111 – Leasehold Hair & Beauty Salon
Blacks Business Brokers are pleased to bring to the market this leasehold hair and beauty salon located in Brixton, Greater London.

INTRODUCTION
Xclusive Hair & Beauty was established by our client in this bustling area of Brixton in 2015. The business offers a range of hair and beauty services including waxing, threading, massage, eyelash extensions and hairdressing. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Treatwell. Xclusive Hair & Beauty has a comprehensive website in place.

LOCATION
Xclusive Hair & Beauty occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers, eateries and convenience stores as well as large multiples such as Lidl and Tesco. Clapham Common and Brockwell Park are also close by. The area is well linked by the A23 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s relocation to Portugal, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on an Internal Repair Only lease (IRO lease). The current lease is a twelve year lease which began in 2015 at a cost of £363 per week.

STAFF
The business operates with one part time and two full time members of staff in employment supporting our client working on a full time basis in a hands on role.

FINANCIAL DETAILS
Xclusive Hair & Beauty has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending March 2020 show annual turnover of £74,831 and gross profit of £58,888. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This fully equipped, well established business occupies an enviable trading position in a busy area of Brixton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new beauty services and new opening hours to include late nights and Sundays, possibly a strong marketing drive particularly targeting local social media users. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Xclusive Hair & Beauty operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the reception counter and waiting area is positioned to the front of the shop with main hair salon with three mirrored styling stations and two back wash sinks, three private beauty rooms and one nail station. To the rear is a kitchen area and toilet facilities. All areas are fully equipped and presented nicely.



Fixtures & Fittings:
Reception Desk
Till
Mirrors
Styling Chairs
Nail Station
Beauty Bed


Opening Hours:
MON - WED: 10:00 - 18:00THU & FRI: 10:00 - 19:00SAT: 09:30 - 19:00SUN: CLOSED


Weekly Rent:
£363 Per Week. Weekly Rent:
£363 Per Week.
Contact Agent
Agent Name:
Advert Reference:
7111 / Rightbiz
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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion
Contact the seller for more details, or book a viewing
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Find out more about the business by contacting the seller