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Established Hair and Beauty Salon for Sale in Bustling Watford, Hertfordshire

Watford, Hertfordshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Advert ID

    616036

  • Leasehold: £75,000 (Stock at valuation)
  • Turnover: £150,000 (£2,885 Per week)
  • Net Profit: On request

Key Features

  • Established Business
  • Price Reduced
  • Prime Location
  • New Lease
  • Fully Fitted
  • Adjacent to Multiple Retailers

Business Details

Hair and beauty salon for sale

A well-established hair and beauty salon is up for sale. The salon boasts a prime location on Watford St Albans Road, a vibrant and bustling high street. This gives ample opportunity for walk-in clients, in addition to the salon's repeated customers. The business is surrounded by a variety of multiple retailers, adding to the high footfall of potential customers.

The salon is staffed by a team of highly skilled and qualified professionals. Known for their expertise and excellent service, the staff contribute to the salon's ongoing success. The significant amount of repeat customers is a testament to the levels of customer satisfaction.

The salon is for sale at a premium price of £75,000, which includes a vast array of beauty machines, fixtures and fittings worth £30,000, however, offers will be considered. These resources contribute to the salon's current impressive turnover of £150,000.

The premises are leasehold, with a monthly rental cost of £2,500. To offset it, a section of the salon is sublet to another business, which contributes £1,000 per month to the rental fee. This arrangement creates an additional income stream for the owner. A new lease can be negotiated as part of the sale.

This beauty salon operates from a fully fitted, well-maintained facility, adding to its appeal. The sale of this successful and popular beauty salon represents an exciting business opportunity for potential buyers seeking an established beauty business in a prime location.

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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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