Newly Established Beauty Salon in London's Aldgate, Whitechapel for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
21/01/21
- Advert ID
271008
- Reference
B06010 / Rightbiz
- Call Agent:
- Leasehold: £37,000
- Turnover: £85,000 (£1,635 Per week)
- Net Profit: Not Applicable
Business Details
Newly established beauty salon business for sale
BusinessPlease quote reference B06010
CoGoGo is delighted to welcome to the market InaStar Beauty Beautique, a well-established Beauty salon located at Aldgate, Whitechapel. The business has been owned by our client for 3 years, though our client has thoroughly enjoyed running the business, the business now comes to the market as our client is looking to free up some time.
The premises is immaculately presented with modern décor and furniture. Our clients’ offer a variety of services such as hairdressing, eyelash and eyebrow treatments, facials, hands and feet treatments and many more.
The spacious premises offers a reception desk, seating area, treatment stations, 3 beauty rooms, and sunbed room with modern and bespoke décor throughout.
The business has developed an excellent reputation within the area and further afield for the high quality of service offered, which has resulted in an excellent client base, with a high volume of repeat trade and word of mouth recommendations.
InaStar Beauty Boutique is currently run single handily, by the current owner.
The business is currently projecting a turnover of £85,000 with plenty of scope to increase such as pushing advertising, employing staff, renting out space and extending opening hours.
The google reviews are 5 star with clients comments including ‘Really enjoyed my massage and facial here! Good quality and made me feel very relaxed. Left my skin feeling lovely and soft after.’ And ‘I was very pleased with the haircut; it was exactly what I wanted! It is clean and safe (COVID measures are thoroughly enforced). Relaxing salon! I will definitely come back.’
Our client is hoping to stay on and rent space if the purchaser desires.
Reasons to buy;
- Excellent reputation
- Scope to increase revenue.
- Low overheads
- Seller offering handover and hoping to stay on and rent space
Location
InaStar Beauty Beautique is located at Adler Street, Aldgate, Whitechapel. The area offers a mix of independent shops and commercial buildings, providing a large amount of footfall. It has become a highly desirable location for professionals to both live and work.
Whitechapel is a district in the London, it is 2.9 miles east of Charing Cross, on the northern bank of the River Thames.
Whitechapel is accessed via the A13, one of the busiest routes from Essex in central London.
There are ample parking facilities within the proximity, and permit holder spaces at the front of the property.
Nearest mainline station is Aldgate station just a few minutes’ walk away.
Premises
The premises is immaculately presented inside and out, with excellent eye-catching signage.
Upon entrance is the service area with ample shelving and storage, 2 hairdressing stations, 1 hair wash station, 3 manicure and pedicure stations, reception and waiting area.
Adjoining to the service area is beauty room number 1 with beauty bed, wash basin, storage cabinets and shelving.
To the rear of the service area is beauty room number 2 containing a beauty bed, wash basin and shelving. Kitchen area and WC and the sunbed room containing a stand-up sunbed and chair.
The assets included in the sales are in the region of £15,000 and include the following;
- Sofa
- Reception counter
- Leather armchairs
- Treatment seating
- Glass tables
- Mirrors
- Shelving
- TV
- Kitchen furniture
Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is currently £1,850 per month.
To be added to the price is a 6 months deposit in advance (£11,000). The £11,000 is stipulated in the contract and this will be paid on top of the selling price.
Hours
The business hours are;
Monday- 9:30am - 7:30pm
Tuesday - 9:30am - 7:30pm
Wednesday- 7:30am – 5:30pm
Thursday- 10:00am – 8:00pm
Friday- 9:30am - 7:30pm
Saturday- 10:00am – 6:00pm
Sunday- Closed
Staff
We are advised that the business owner run and managed, with no other staff members.
Financial Profile
We are advised that the business generated a turnover in the region of £85,000. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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