Soho-Based Hair Salon in Westminster London for Sale - Tremendous Growth Opportunity!
Westminster, London
- Status
FOR SALE
- Advert ID
624033
- Leasehold: £20,000
- Rent: £21,600 (£1,800 per month)
- Turnover: £54,000 (£1,038 per week)
- Net Profit: On request
Key Features
- Small Business
Business Details
BESEMENT Hair salon in Soho
The business, a modern and stylish hair salon, is strategically situated in the vibrant Basement Soho area, nestled between Piccadilly and Chinatown. Just a minute's walk from Piccadilly Train Station, it offers easy accessibility for clients. Convenient parking is available on the premises' backstreet, adding to its appeal.
The salon boasts an inviting reception area, complemented by elegant decor and a cozy atmosphere. It is equipped with multiple styling stations and a comprehensive stock of premium hair products, ready to meet every client's needs. With an impressive street presence, the location is highly attractive for both leisurely and regular visitors.
Established just a year ago, the business presents a tremendous growth opportunity. Currently operating under a 7-year lease, it ensures long-term stability and the potential for substantial income growth with proper management. The business rates are notably low, further enhancing the profitability potential.
The surrounding area teems with amenities including shops, restaurants, and public services, which continually draw in a steady customer base. The asking price for the leasehold is £20,000, with the annual rent set at £21,600. The current turnover stands at £54,000, and all stock is included in the price, making it a promising opportunity for prospective buyers. If interested in more detailed information, please feel free to get in touch.
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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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