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Tanning and Nail Salon for Sale in Gateshead, Tyne and Wear since 2014

Undisclosed, Tyne and Wear

CONFIDENTIAL

  • Leasehold: £85,000
  • Rent: £10,392 (£866 per month)
  • Turnover: £85,246 (£1,639 per week)
  • Profit: £55,609 (66% Profit margin)

Key Features

  • Close to Local Amenities
  • Established Business
  • Fully Fitted
  • Small Business

Business Details

This is a superb opportunity to purchase a well established Tanning & Nail salon in Tyne and Wear

This is a superb opportunity to purchase a well-established Tanning & Nail salon in Gateshead, Tyne and Wear. The business is available on a leasehold basis.

This is a modern and relaxed tanning and beauty salon that covers approximately 900 square feet. They have both lie down and standing sunbeds that have been bought by the vender and are not leased. They also offer spray tanning and nail treatments. They are proud to say that they were awarded Northeast finalists for 'Tanning salon of the year 2023' from the English Beauty Industry awards as they have worked hard to achieve this for their thriving salon.

The business is available on a leasehold basis and has been renovated to an exceptionally high standard throughout as the vendor has skilfully combined the character features of the property with modern fixtures and fittings. The bright, spacious salon boasts a welcoming reception and waiting area, kitchen, toilet facilities, four sunbeds, treatment rooms, and one nail station. There are also another two rooms available which can be rented out to self-employed technicians which should achieve approximately £400-£500 per month.

The salon has been established since 2014 and has experienced steady growth on an annual basis since then. They have an excellent reputation and are widely considered a household name in the local community. This reputation has resulted in a loyal customer base and a vast amount of repeat and recommended custom.

  • Excellent reputation
  • Loyal customer base
  • High customer retention
  • High quality premises
  • All fixtures and fittings included
  • High footfall location
  • Minimal competition
  • Excellent transport links
  • Free parking nearby
  • High turnover - £85,246
  • 2 Spare rooms available to rent

 

It is with a heavy heart that the current vendor is selling the business due to personal commitments. This represents an excellent opportunity for an individual in the beauty sector who is looking for an established business or an existing salon who is looking for a lucrative acquisition.

This business has experienced a high number of enquires at an initial stage, so to avoid disappointment, please contact us for further information.

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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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