Highly Profitable Hair Salons in Richmond Surrey, London for Sale
Richmond, London
- Status
FOR SALE
- Advert ID
623862
- Reference
13445 / Rightbiz
- Call Agent:
- Leasehold: £280,000 (Stock at valuation)
- Rent: £22,000
- Turnover: £438,000 (£8,423 Per week)
- Net Profit: £134,000 (31% Profit margin)
Business Details
HIGHLY PROFITABLE HAIR SALONS, RICHMOND SURREY
BUSINESS: David Masters Hair Salon
LOCATION: Richmond Bridge and St Margarets, South-West London
DATE: November 5, 2024
INTRODUCTION
David Masters Ltd. is a highly reputable and well-established hair salon with two prime locations in South-West London. Founded in 1989, the salon has served a loyal and discerning clientele for over 35 years. The owner has decided to sell his interest in the company, and this thriving business is now being offered for sale due to retirement.
BUSINESS OVERVIEW
● Established: 1989
● Reputation: Excellent reputation for personalised service, quality, and experienced stylists.
● Clientele: Loyal customer base with a high rate of repeat business (67% client retention rate).
● Services: Comprehensive hairdressing services specialising in cut and colour, including highlights and balayage.
● Staff: A team of 8 experienced and qualified stylists, some with over 15 years of service. There are 2 therapists that rent a room from each site.
● Premises: Two modern and well-equipped salon locations:
○ Richmond Bridge: 8 workstations, a therapy room, and high visibility in a period property. Leasehold until May 2032, with a 5-year break clause and the option to renew.
○ St Margarets: 8 workstations, a therapy room, and a prime location near the train station. Leasehold until July 2029, with the option to renew.
● Trading Hours:
○ Richmond Bridge: Monday and Tuesday 10 AM - 6 PM, Wednesday and Thursday 10 AM - 8 PM, Friday 10 AM - 6 PM, Saturday 9 AM - 6 PM, Sunday Closed
○ St Margarets: Monday Closed, Tuesday and Wednesday 10 AM - 6 PM, Thursday 10 AM - 8 PM, Friday 10 AM - 6 PM, Saturday 9 AM - 6 PM, Sunday Closed
● Financial Performance: Profitable business with a strong track record.
○ Business Enterprise Value: £280,000 plus net assets.
○ Adjusted Profit (2024): £134,054
○ Turnover £438,618
○ Full financial information will be made available for serious inquiries.
KEY STRENGTHS
● Well-established brand with a strong reputation for over 35 years.
● Two prime locations in affluent areas of South-West London.
● An experienced and dedicated team of stylists.
● Loyal customer base with a high retention rate.
● Exclusive use of AVEDA products, aligning with sustainable practices.
● Modern and well-equipped salons.
● Strong online presence and a 5-star reputation.
● Growth potential through expanded services, extended hours, or franchising.
OPPORTUNITY
This is an exceptional opportunity for an experienced hair stylist, an investor, or an entrepreneur seeking to acquire a highly successful and profitable salon business with a strong foundation, a loyal clientele, and excellent growth potential in the thriving South-West London market.
NEXT STEPS
Interested parties are invited to contact Zach Dogar at [email protected] or call 07912 513876. You can execute a confidentiality agreement here, arrange a confidential viewing, and request further information, including detailed financial records.
DISCLAIMER
This sales memorandum has been prepared for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities or assets. Verification of all information contained herein is recommended.
Zach Dogar
ETS Corporate
Email: [email protected]
Phone: 07912 513876
Contact Agent
Listing Statistics
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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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