Thriving, Staff-Run Hair & Beauty Salon in Leyton, London For Sale
Leyton, London
- Status
FOR SALE
- Date Submitted:
14/11/23
- Advert ID
602589
- Leasehold: £55,000
- Rent: £14,000
- Turnover: £90,000 (£1,731 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Potential for Alternative Use
- Retirement Sale
- Fully Fitted
- Small Business
Business Details
Newly established Hair & Beauty Salon for sale in Leyton London staff run
A thriving hair and beauty salon situated in Leyton, London, is currently on the market. The salon has been established for the past 3 years but has only been operational for 1.5 years due to the Covid-19 pandemic. I, the current owner, am not involved in its daily management because of my engagement with another business venture. This situation presents an opportunity for a new business owner to inject their personal vision and unique ideas into the salon and stimulate its growth.
The asking price for the leasehold is £55,000 with an open lease, and I am willing to negotiate the closest offer. The enterprise currently enjoys a turnover of £90,000, which, considering its relative newness and absence of an assertive figurehead, is impressive. The shop, located strategically on the high street promises further growth due to the minimal competition in the vicinity.
The fixtures and fittings modified to the specific needs of a hair and beauty salon are included in the sale price. The shop has been well maintained and presents a ready-to-run business condition for any prospective buyer. The selling decision has been influenced by my involvement in multiple business ventures and the need to focus my resources effectively.
The salon runs on a five-day schedule opening from Tuesday to Saturday, each day from 9:30 am to 5:30 pm. The business employs 2 staff members and a manager who are competent enough to keep the operations running smoothly. In terms of digital presence, the salon is significantly unexploited, presenting an opportunity for expansion and enhanced visibility through online platforms.
Current employees, including the manager, are willing to stay on post-sale, but a more involved owner can definitely increase turnover by implementing their unique business tactics. More so, the space has enough potential for alternative uses such as transformation into a barber shop. To access comprehensive details about the salon's operations, assets, and any other information relating to this sale, feel free to contact me directly.
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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.
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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.
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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.
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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.'.
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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.
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