Established Health and Beauty Salon in Croydon with Growth Potential and Strong Profits
South Croydon, London
- Status
WITHDRAWN
- Advert ID
631454
- Reference
N989 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Retirement Sale
- Established Business
- Accounts Available
- New Lease
Business Details
LEASEHOLD HEALTH & BEAUTY SALON
LOCATIONOccupying a busy residential corner trading position a short walk from Croydon South railway station, and drawing trade from over the wide and affluent residential catchment area.
BUSINESS
Established in 1986 the business has been in the current vendors hands for some 25 years and has built a tremendous reputation for high standards and friendly service to its loyal clientele which has been built up over the years. This well appointed salon offers a large range of treatments and services with market leading professional products to give its clients the best possible experience. These include a wide range of beauty treatments, including luxurious Hot Stone Massage, Manicures/Pedicures, Hair Removal, Tanning services through to a various selection of Facials.
However, the business currently uses only 3 of its 5 treatment rooms and offers potential we feel for Sunday and/or Monday trading which along with an advertising and promotional campaign would help increase upon its current turnover.
Please note that all necessary training and a full handover are available to ensure continuity of trading. The current owner may be prepared to stay on for a set period in a paid role.
TURNOVER
The 2022 - 2024 accounts for the business show an average turnover of £148,745 per annum. with an average net profit of over £100,000 pa.
The accounts for the year ending March 2025 are not prepared yet but should show similar figures.
STAFF
Vendor plus 2 part time staff (1 does 4 days pwk & 1 does 2 days pwk)
HOURS
11.00am - 8pm Tues & Thurs 9.00am - 5.30pm Weds & Fri 9.00am - 5.00pm Sat Closed Sun & Mon
PREMISES
Victorian corner premises with small forecourt and single entrance to: Reception Area: Tastefully decorated and fitted out to a high end specification. Reception counter: with PC and Phorest Salon booking software. Built in product display units. Door to rear Manicure room with 2 manicure stations, product display cabinets, lazer machine. Store cupboard. Treatment Room 1: Couch, pedicure trolly, ceiling fan, wash basin. Treatment Room 2: Couch, pedicure trolly, cupboards, w/basin. Treatment Room 3: Couch, pedicure station and trolly, cupboards, hand wash basin. Sep. WC with hand wash basin. Kitchenette: Fitted wall and base cupboard units, st/stl sink, microwave oven, fridge. Rear corridor with plumbed washing machine. Door to street. Door to rear enclosed Yard. Access to extension with automated Spray Tan booth, hand wash basin. Treatment room 4: tumble dryer. Treatment room 5: Currently used as store. Note: Full gas fired central heating throughout.
OBSERVATIONS
The salon is presented in great condition, being fully carpeted and exuding a luxurious environment throughout,
TENURE
Negotiable new 15 year lease to be granted to ingoing tenant. Rent £18,000 per annum. (3 year reviews)
EPC RATING
TBA
BUSINESS RATES
Approx £560 per annum. (Payable)
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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.
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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.
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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.
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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.'.
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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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