Profitable Unisex Hair Salon in City of London for Sale, Established Since 2006
City of London, London
- Status
FOR SALE
- Date Submitted:
25/01/21
- Advert ID
271145
- Reference
B06009 / Rightbiz
- Call Agent:
- Leasehold: £159,995
- Turnover: £240,567 (£4,626 Per week)
- Net Profit: £37,299 (16% Profit margin)
Business Details
Well established unisex hair salon for sale
BusinessPlease quote reference B06009
CoGoGo welcomes to the market Avalon Hair Studios, London. This business has a long trading history, as it was first established in 2006.
The business trades as a unisex hair salon. The salon receives a generous amount repeat loyal clientele from locals within the area. Our client offers a range of treatments, this includes cutting, styling, extensions and colours, to name a few. The salon is gradually becoming more sustainable and have changed their products to a company called Davines who are a sustainable company with naturally derived products.
The business currently trades 5 days a week and generates a turnover in the region of £240,000.
Since establishment the salon has built up an excellent reputation, with the 5 star google reviews including comments such as –‘Salon was so clean along with professional service and staff, so happy , would highly recommend them.’ And ‘Another great haircut, a very professional and courteous team of stylists. Thank you.'
Our client is offering a hand over period to ensure the continued success of the business.
There is a business website with an online booking option, making it easy for clients to book their appointments.
The current owner also rents out 3 beauty rooms, generating a rental income of £20,380 per year.
The rooms offer a full time Acupuncture that specialises in fertility, menopause, sports injuries and anxiety.
A massage therapist who offers various massages from holistic, Swedish, to deep tissue sports & remedial.
A part time beauty therapist offering various beauty treatments for body, face, hands and feet and a part time anti-aging therapist who specialises in injections with BOTOX, PROFHILO skin booster & SEVENTY HYAL skin booster, AQUALYX fat dissolving injections and Dermal Filler.
Reasons to buy
- Excellent reputation
- Well established
- Scope to increase revenue
- Low overheads
- High footfall location
- Business can be run and managed successfully by the current team in place. (Our client only works 1 day per week in the salon to accommodate her long standing clientele only, the owner wouldn't need to be there everyday)
Location
Avalon Hair Studio is located Weston Park, Crouch End, North London in the London Borough of Haringey. The premises is situated on a parade of shops and a busy road which allows excellent visibility to passing traffic.
Customers can also benefit from convenient metered street parking directly outside the premises.
Crouch End lies between Harringay to the East, Hornsey, Muswell Hill and Wood Green to the North. Stroud Green and Archway to the South and Highgate to the West.
The closest tube stations being Turnpike Lane which is on the Piccadilly Line and Highgate which is on the Northern Line.
Premises
The premises is beautifully presented inside and out, with excellent eye-catching signage.
Upon entrance is the service area with 6 hair stations and 2 back wash systems. To the rear of the premises is a kitchenette and storage area.
The equipment included in the sale comprises of;
- 6 hairdressing chairs
- 2 back wash stations
- 3 Therapy rooms
- Waiting area seating
- Mirrors
- Display shelving
- Cutting tools including dryers
- Till system
- Website
Tenure
We are advised that the business is being sold on Leasehold Basis, with 8 years remaining on the 12 year lease. The rent is £1,333 per month
Hours
The business hours are;
Monday- Closed
Tuesday- 9:00am – 6:00pm
Wednesday- 9:00am – 6:00pm
Thursday- 9:00am–7:00pm
Friday- 9:00am – 6:00pm
Saturday- 9:00am – 6:00pm
Sunday- Closed
Staff
We are advised that the salon employs a full time salon manager, 2 full time stylists and a trainee. Our client now only works 1 day per week in the salon to accommodate her long standing clientele only.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £240,000. In previous years, the business generated a turnover in the region of £190,000. Full financials can be made available upon further request.
Please quote reference B06009
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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