Newly Renovated Masterclass Hair & Beauty Salon in West Hempstead, London for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
08/03/21
- Advert ID
273438
- Reference
B06069 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: £70,000 (£1,346 Per week)
- Net Profit: Not Applicable
Business Details
Newly renovated Hair & Beauty salon for sale.
BusinessPlease quote reference B06069
CoGoGo is delighted to introduce to the market Masterclass Hair & Beauty, located on Finchley Road, West Hempstead. The business was established by our client in 2018. After taking over the lease of the premises, our client completed a full high spec renovation and refit, to create Masterclass Hair & Beauty. Only now does the business come to market as our client is looking to relocate.
The unisex salon offers a range of professional hair services including cuts, colours, perms and styling to clients of all ages.
This leasehold salon is very well known in the area with great support from the local community. According to the 2019 accounts, the business reports a good turnover of £70,000 per annum.
Masterclass already has an online booking website, which has proven to be effective and efficient for the customers. The business holds a 5 star review status on google and is also a 5 star ‘top rated’ business on Treatwell.
Our client is happy to offer a hand over period to ensure the continued success of the business and introduce the buyer to the regular clientele.
The premises are immaculately presented with modern equipment and décor.
There is ample scope to increase the already thriving turnover as our client has run the business single handed since inception. There are 8 stations in the salon, therefore there is ample scope to employ staff members or perhaps rent out chairs, as well as the option to add more services in the beauty sector.
Early viewing of this highly rated and popular business is highly recommended.
Location
The business is surrounded by a wealth of complimentary shops and businesses, therefore benefits from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance.
The business is within 5 minutes walk distance of Finchley Road underground station (Jubilee and Metropolitan line) and Finchley Road overground station.
The business is also within 3 minutes walking distance of the O2 shopping centre and Sainsbury’s parking.
The area is well served by the A-roads, with the A506 within easy driving distance of the business, which leads to the M1 & M25 motorway network.
Premises
Mid terrace premise briefly comprising of;
Main entrance into open plan salon with reception counter, 7 cutting stations and 3 backwash systems. The interior features bespoke lighting, high gloss floor tiles, modern décor and large mirrors.
To the front, the premises are very well signed and presented and to the rear of the premises is a secure garden area. The size of the salon is 70 sqm.
The sale of the business also includes ;
- 8 hairdressing chairs
- Mirrors
- 3 backwash systems
- Bespoke reception desk
- Waiting area sofa
- Glass display shelving
- Lockers
- Website (online booking system)
- CCTV system
Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is currently £1,665 per month.
Hours
The business trading hours are;
Monday - 10:00AM – 8:00PM
Tuesday - 10:00AM – 8:00PM
Wednesday - 10:00AM – 8:00PM
Thursday - 10:00 AM – 8:00PM
Friday - 10:00 AM – 8:00PM
Saturday - 9:00AM – 7:00PM
Staff
We are advised that the business is owner ran and managed.
Financial Profile
We are advised that as per the 2019 accounts, the business generated a turnover in the region of £70,000. Full financials can be made available upon further request.
Please quote reference B06069
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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