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Profitable Hair & Beauty Salon in Sunderland Tyne and Wear Up for Sale

Sunderland, Tyne and Wear

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Advert ID

    612049

  • Leasehold: £45,000
  • Rent: £6,504 (£542 per month)
  • Turnover: £89,000 (£1,712 per week)
  • Net Profit: £28,000 (32% Profit margin)

Key Features

  • Established Business
  • High Turnover
  • Close to Local Amenities
  • Fully Fitted

Business Details

Hair & Beauty Salon for Sale in Houghton Le Spring

This unique business opportunity stems from a profitable and well-managed company that has been under the same ownership for the past eight years. The decision to sell is health-related offering a golden opportunity for a potential buyer. The business is currently operated by a small, dedicated team of two full-time staff members, who are managed by the owner. Owing to the staff's full diaries, there is potential for further growth and the capacity to take on new team members.

The business operates from a small high street location. The premises were recently refurbished to a high standard, demonstrating its current fully equipped state. The refurbishment encapsulates up-to-date fixtures and fittings, all of which are included in the sale. The buyer will have everything necessary to run the business smoothly, ensuring a seamless transition of ownership.

The business runs five days a week, limiting operational demands yet maintaining strong profitability. The owner benefits both a wage and additional profit from the business, reinforcing the viability of the investment.

The well-established online presence of the business is another significant strength, with a strong social media following: 1.7K followers on Facebook and 700 on Instagram. A burgeoning email marketing list consisting of 1K potential customers also contributes to the company's online reach.

In conclusion, this is a solid business opportunity. It offers a ready-to-go enterprise, easily adaptable for its future owner with potential for expansion.

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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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