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Thriving Beauty Salon with Low Operating Costs Available in Torquay Devon

Torquay, Devon

PHOTO COMING SOON

  • Leasehold: £69,999
  • Turnover: £85,000 (£1,635 Per week)
  • Net Profit: £65,000 (77% Profit margin)

Business Details

Beauty Salon for Sale – £69,999

Business
Please quote reference B08467

CoGoGo welcomes to the market Pretty Secrets this is a thriving beauty salon located in a highly desirable area of Torquay. 

Unlock the potential of your dreams with this profitable beauty salon located in a prime area! Offering an incredible opportunity, this leasehold business is ideal for an entrepreneur or industry professional ready to step into a turnkey operation.

Key Highlights:

  • Impressive Financials:
    • Annual Turnover: £85,000
    • Net Profit: £65,000
  • Low Operating Costs:
    • Monthly Rent: Just £520
Business Details:

  • Established Reputation: Owned and operated by the current sole trader for the past 15 months, this salon has built a loyal customer base and a stellar reputation for quality beauty services.
  • Business Activities: Full-service beauty salon offering high-demand treatments in a stylish and welcoming environment.
  • Prime Location: Conveniently located with high foot traffic and easy accessibility.
  • Lease Details: 3.5 years remaining on the lease with the potential to renew.
Assets: Equipment and furnishings valued at £1,000 are included, ensuring a seamless transition for the new owner.

Operating Hours: Current hours (9 AM–5 PM, Monday to Saturday) offer plenty of scope for growth by extending to evenings or Sundays to capture additional clientele.

Why Are They Selling?

The current owner is relocating to Australia and is ready to pass this thriving business on to a motivated buyer.

Scope for Improvement:

  1. Expand Hours: Open Sundays or extend evening hours to boost revenue.
  2. Marketing Opportunities: Leverage digital and social media to attract new clients.
  3. New Services: Add trendy treatments to meet client demands and increase profitability.
The Perfect Opportunity Awaits! Priced to sell at just £69,999, this is your chance to own a profitable, established beauty salon with minimal overhead and incredible growth potential.

Contact us today to book a viewing and take the first step toward owning your own successful beauty business!



Location
This business is located at 96 Reddenhill Rd, Babbacombe, Torquay TQ1 3NT.



Premises
The salon occupies a well-maintained and fully equipped premises. It's ready to be taken over immediately and offers a professional setting with ample space for treatments and services.



Tenure
Leasehold – with 3.5 years remaining on the lease and a low rental rate of just £520 per month.



Hours
  • Monday to Thursday: 9:00 AM – 5:00 PM
  • Friday and Saturday: 9:00 AM – 5:00 PM
  • Sunday: Closed




Staff
Currently run by a sole trader, with opportunities for the new owner to expand the business by bringing on additional staff as the business grows.



Financial Profile
Turnover: £85,000 (Full financials can be made available upon request).

Net Profit: £65,000

Assets: £1,000 in equipment and assets



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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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