Upscale Group of Three Unisex Hair Salons in Prime London Locations For Sale
Undisclosed, London
- Status
FOR SALE
- Advert ID
622493
- Reference
N986 / Rightbiz
- Call Agent:
- Leasehold: £125,000
- Turnover: £700,000 (£13,462 Per week)
- Net Profit: Not Applicable
Key Features
- Retirement Sale
- High Turnover
- Fully Fitted
- Town Centre location
- Accounts Available
- Open Plan Trading Area
- Adjacent to Multiple Retailers
- Attractive Business
- Prime Location
- Established Business
- New Lease
Business Details
LEASEHOLD GROUP OF THREE UPMARKET UNISEX HAIR SALONS
3 PRIME TOWN CENTRE LOCATIONS - JOINT TURNOVER £700,000 PA - FULLY STAFF RUN - TO BE SOLD AS A WHOLE OR SEPARATELY - EACH SALON IS IMMACULATE & WELL EQUIPPED
Location
These three immaculate salons are each located in busy prime main road parade positions in the affluent sought after towns of West Wickham, Purley and Selsdon.
Business
These three premier salons were established by our client over 25 years ago and are only now being offered for sale due to their wish to retire. Having established a marvellous reputation over the years they offer a wide range of unisex hair services, from a simple cut & blow dry to hair extensions. This is an ideal purchase for someone to buy a ready made group of salons or as an add on to expand an existing group. L'Oréal and Kérastase products are used.
Turnover
We are informed that the three salons jointly turnover in the region of £700,000 pa
(They took in excess of £1,000,000 pa prior to Covid)
Staff
Staff wages are approx £300,000 - £350,000 pa.
Hours
9.00am - 6.00pm Tues, Weds & Fri 11.00am - 8.00pm Thurs 8.30am - 5.00pm Sat Closed Sun & Mon
Premises
PURLEY - Double fronted premises with single entrance: 1,060 sq/ft Salon Area: Reception desk, , reception chairs, 9 cutting positions, AC unit, 3 backwash basins. Beauty Treatment Room. Office/Store Room: Staff Room/Kitchen. Sep. W.C and W/basin. Outside – Small Yard to rear.
SELSDON - Double fronted premises with single entrance to 1,200 sq/ft Salon Area. Reception desk, reception chairs, 7 cutting positions, AC unit, 3 backwash basins. Beauty Treatment area to rear. Store Room: Sep. W.C and W/basin. Stairs to lower ground floor: Staff Kitchen. 2 Treatment Rooms. WC with hand wash basin. Outside - Yard to rear with parking.
WEST WICKHAM - Double fronted premises with single entrance: 910 sq/ft Salon Area: Reception desk, , reception chairs, 8 cutting positions, AC unit, 3 backwash basins. : Store Room: Sep. W.C and W/basin.
Outside Yard to rear with parking for 2 cars.
Tenure
Each salon to be granted a new 20 year lease with 4 year reviews.
RENTS Seldon £30,000 pa. Purley £29,500 pa. West Wickham £37,500 pa.
Business Rates
TBA
Contact Agent
Listing Statistics
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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.
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