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25-Year Successful Hair Salon Business Available for Purchase in Chingford, London

Chingford, London
Established Hair Salon for sale in Chingford London Photo 1
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Established Hair Salon for sale in Chingford London
  • Status

    FOR SALE

  • Advert ID

    603139

  • Leasehold: £90,000
  • Rent: £24,000
  • Turnover: £100,000 (£1,923 Per week)
  • Net Profit: £55,000 (56% Profit margin)

Key Features

  • Established Business

Business Details

Established Hair Salon for sale in Chingford London

A well-established hairdresser's salon in Chingford, London, is now on the market for sale. This successful venture has been operating in the area for 25 years, and I have had the privilege of owning it from its inception. 

The leasehold price currently stands at £90,000, with the business demonstrating a healthy financial performance, reflected in the current annual turnover of £100,000. The impressive profit margin of £55,000 stands as a testament to the prospect of a prosperous business. While the asking price is negotiable, it guarantees the inclusivity of all fixtures and fittings relevant to the daily operations. Rent is also open for negotiation.

The salon's prime location on the main road, just a stone's throw away from the Chingford train station, drastically increases its visibility and accessibility. The easy availability of bus routes further contributes to its convenience. With its significant reputation, gained and maintained over two and half decades, and no notable competition in the proximity, this salon stands as a well-established go-to in the local area. 

Currently, the salon is serviced by two additional, dedicated employees, and we operate from 9 am to 6 pm, with Sundays being the exception. The distinguished presence of the business on popular social media platforms like Instagram and Facebook enhances its reach. Moreover, there's scope to increase this online visibility by tapping into the potential of online booking platforms.

One of the prime reasons for the sale is my impending retirement. However, I am committed to ensuring a smooth transition for the new owner as the landlord. So, I am willing to offer comprehensive training opportunities to the potential buyer and share my depth of knowledge and experience, assuring the salon’s sustained success. Should you require further detailed information about this promising business opportunity, please feel free to get in touch with me.

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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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