Well established Hair Salon business for sale.

City of London, London

Status

FOR SALE

Date Submitted:

05/08/21

Advert ID

280728

Reference

B06345 / Rightbiz
Leasehold: £27,995
Annual Turnover: £50,000
Business
Please quote reference B06345

Hilton Smythe is delighted to present to the market Beauty Box, a much loved community business established by our client in 2002.

The business was originally set up as a retail only business, offering an extensive range of ladies hair treatment products and extensions, beauty products. The sale of the business includes the stock. 

7 years ago, due to customer demand our client re-focused the business and added a new hair and beauty salon space.

The salon is renowned for Afro & European hair - offering colouring, relaxing, cutting, braiding and conditioning treatments. They can cater for a wide range of clientele, providing expert advice for both hair and beauty treatments.

The sale of the business includes the following stock/equiptment -

  • 5 Chairs
  • 5 Mirrors
  • 3 Hairdresser Trolleys
  • 2 Dryers
  • 2 Steamers
  • 2 Sinks
  • 2 Sofas
  • 1 Massage Bed enclosed inside a beauty room
  • 1 HD Digital TV mounted on the wall
Our client continues to offer a very good retail side of the business which still attracts a very loyal customer base.

There is a business website included in the sale which details the seasonal offers and combination offers available. The website also includes the testimonials of many happy customers -

‘I found this place after a suggestion from a nearby salon that was fully booked, and I am so glad I went! It can be daunting going to a new salon and I wasn't sure what to expect given that there wasn't much on social media, but Amy (hair stylist) was an absolute pleasure. Not only did she accommodate my last minute appointment change with no complaints, but she also did an incredible job with my feed-in ponytail braids. To top it all off, she was the loveliest person to talk to and I am so glad we crossed paths. You could tell how loved the staff are locally by the people who came in to chat with them while I got my hair done! Looking forward to coming to the salon’

‘Lovely place, they really took care of my hair, I'm normally tender headed, but the stylist was really gentle, very affordable. Beauty Box will definitely be my regular hairdresser’

Our client admits the business is now being run to suit with a reduced staffing team now in place due to the Covid pandemic.

There is lots of potential for any new owner to significantly increase the current turnover and increase the services offered.

Key selling points -

  • New 10 year council lease to be offered
  • Low rental
  • Nil Rates
  • New Shop front recently installed
  • New security shutters
  • New flooring
  • Fully equipped premises
  • 4.5/5 Google review score
  • Business handover offered
We recommend any new owner would benefit from adding Facebook and Instagram pages.

Very rarely do council owned properties in this area come on to the open market and we therefore highly recommend early viewing to avoid disappointment.



Location
Beauty Box occupies a sought after trading position along Greenford Avenue, facing the Hanwell Community Centre.

The business sits along a busy parade of community shops which include a post office, Co-op store, pharmacy, barbers, dry cleaners, several takeaway businesses, William Hill, hardware store, butchers.

The business is located just north of the centre of Hanwell and west of Ealing.

This is a very large residential area with excellent footfall throughout the day and evening.

A main bus stop is directly outside the shop- E1 and E3 bus routes.

Nearest mainline is Castle Bar Park.

The business benefits from customer parking directly outside and in the neighbouring streets.



Premises
Retail counter - range of display counters & stands, shelving

5 x hair styling stations (with mirrors & storage)

2 x backwash units

Storeroom

Staff kitchen/toilets



Tenure
We are advised that the business is being sold on a Leasehold basis, with a new 10 year lease available as per 2021. The rent is £958 per month and has £0 rates payable.



Hours
The business hours are -

Monday – 10:00am – 19:00pm
Tuesday - 10:00am – 19:00pm
Wednesday - 10:00am – 19:00pm
Thursday - 10:00am – 19:00pm
Friday - 10:00am – 19:00pm
Saturday - 10:00am – 19:00pm
Sunday - Closed




Staff
We are advised that the business has 1 part-time staff member. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £50,000, with an adjusted net profit in the region of £10,000. Full financials can be made available upon further request. 

Please quote reference B06345



Contact Agent
Advert Reference:
B06345 / Rightbiz
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