Established Online Afro-Caribbean Wig & Hair Accessory Business for Sale in London
Relocatable
- Status
FOR SALE
- Advert ID
616348
- Reference
INT3207 / Rightbiz
- Call Agent:
- Asking Price: £17,500
- Turnover: £20,000 (£385 per week)
- Profit: £8,000 (40% Profit margin)
Business Details
Unique Online Retailer of Wigs, Hair Extensions and Accessories
This is a unique opportunity to purchase an established online retailer with a broad product range, including wigs, hair extensions, jewellery, swimwear, scarves, and various accessories. The business has a strong focus on hair and fashion and primarily caters to the Afro-Caribbean market.
Established in 2017 and acquired by the current owner in 2022, the business has been dedicated to supplying quality lace wigs and hair extensions, addressing a significant gap in the UK market. Over the years, it has grown to supply the highest quality wig fashions, hair extensions, and hair care products to customers across the UK, Europe, and the rest of the world. The product range includes expertly crafted custom wigs, full lace wigs, cosplay fantasy wigs, plus much more. Their specially imported natural extensions feature leading brands such as LA Trend and Sensational.
The wig accessories sector alone is highly profitable, boasting markups exceeding 60%. This segment is also low-maintenance and presents an excellent opportunity for maximizing profits with minimal effort.
Beyond the wigs and extensions, the business also provides all the necessary accessories for applying and removing wigs, including scalp protectors and adhesives, plus a selection of top-tier hair care products such as salt-free shampoos, conditioners, and pure Moroccan Argan oil. The company also offers an easy online shopping experience, complete with excellent aftercare, wig repairs, and a special ordering service.
The business has also successfully expanded into the professional sector, supplying premium products to top hair stylists, theatres, and film production companies. There is also a growing male customer base for toupee accessories, highlighting the versatility and wide appeal of the product range.
Minimal competition from businesses that offer similar services. The business separates itself from competitors by providing advice to buyers and their hair requirements. The business generates sales globally and consistently attracts new customers.
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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.
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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.
Be safe, use a Rightbiz Solicitor
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