Essex High Street Hair & Beauty Business with Growth Potential For Sale
Undisclosed, Essex
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610330
- Reference
B0040E / Rightbiz
- Call Agent:
- Leasehold: £125,000 (Stock at valuation)
- Rent: £26,000
- Turnover: £206,000 (£3,962 Per week)
- Net Profit: £64,000 (32% Profit margin)
Key Features
- Established Business
- New Lease
- Close to Local Amenities
- Prime Location
- High Turnover
- Split Level Trading Area
- Adjacent to Multiple Retailers
- Open Plan Trading Area
- Town Centre location
- Accounts Available
- Fully Fitted
- Attractive Business
Business Details
HAIRDRESSERS, BEAUTICIANS & AESTHETICS trading from an EXCEPTIONALLY WELL PRESENTED PROPERTY
HAIRDRESSERS, BEAUTICIANS & AESTHETICS
PRICE: OIRO £125,000 plus SAV – LEASEHOLD
LOCATION – AFFLUENT HIGH STREET - ESSEX
REF: B0040E
HAIRDRESSERS, BEAUTICIANS & AESTHETICS trading from an EXCEPTIONALLY WELL-PRESENTED PROPERTY that measures OVER 1,200 SQ FT and located in a HIGHLTY SOUGHT AFTER AREA on an AFFLUENT HIGH STREET – ESSEX LONDON BORDERS. The business has been OWNER ESTABLSIHED SINCE 2019 by our client who has built up an ENVIABLE REPUTATION amongst a REGULAR LOYAL CLIENTELE and only brings the business to market with a GENUINE REASON FOR SALE. Currently arranged as 6 X CUTTING STATIONS, 6 X MAKE UP STATIONS, 2 X NAIL STATIONS, 2 X BACK WASH & 4 X BEAUTY ROOMS that command HIGH RENTAL VALUES the business is being sold with a FULL COMPLEMENT OF EQUIPMENT. Annual takings in excess of £200,000 with a 65% GP MARGIN yielding adjusted NET PROFITS CIRCA £64,000. We are advised a NEW LEASE is available at an asking rental of ONLY £26,000 PER ANNUM exclusive and business rates payable are £6,000 per annum. The owner recognises there is HUGE SCOPE to increase revenues with the introduction of an ACADEMY WITH COURSES which the business can accommodate. We are delighted to be instructed as sole agents for the proposed sale of this business, which will be popular, so an EARLY VIEWING IS ADVISED to avoid missing out. Further information is available at ESSEX AND SUFFOLK BUSINESS SALES.
Contact Agent
Listing Statistics
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
