Hair and Beauty Salon for Sale in North London with Loyal Clientele and Modern Decor
Wood Green, London
- Status
FOR SALE
- Advert ID
650652
- Reference
B09606 / Rightbiz
- Call Agent:
- Leasehold: £99,995
- Turnover: Not Applicable
- Profit: £50,000
Business Details
Established Hair & Beauty Salon – Palmers Green – Long Established – Loyal Client Base
BusinessPlease quote reference B09606
CoGoGo presents an exciting opportunity to acquire a long-established and highly regarded hair & beauty salon situated in the heart of Palmers Green.
The business has successfully traded for approximately 29 years and has become a recognised and trusted name within the local community, benefitting from a loyal repeat customer base and consistent year-round trade.
The salon is now being offered for sale due to the owner’s retirement and relocation abroad, presenting an excellent opportunity for an owner-operator, family business, or investor looking to step into a profitable and stylish salon with further growth potential.
This modern and welcoming salon has been tastefully updated within the last five years and offers a bright, contemporary environment with a stylish and professional finish throughout.
Features include:
- Eight styling stations/chairs
- Three backwash stations with reclining units
- Large front windows allow excellent natural light
- Well-maintained fixtures and equipment
- Modern decor throughout
The salon has built an excellent reputation over nearly three decades and remains one of the longest-standing beauty businesses in the area. The business benefits from strong repeat custom, word-of-mouth recommendations and an established local presence.
The business also maintains an online and social media presence, helping to support customer engagement and bookings.
There remains excellent scope to further develop the business through:
- Extended opening hours
- Additional beauty treatments
- Increased social media marketing
- Online advertising campaigns
- Chair rental opportunities
- Expansion of beauty services and product retailing
Location
Occupying a prominent High Street position within Palmers Green, the salon enjoys strong footfall and excellent visibility amongst a mix of residential homes, independent retailers, cafés and local businesses.
The area benefits from excellent transport connections, including:
- Palmers Green Railway Station - one short bus journey away
- Wood Green Underground Station (Picadilly Line) - easily accessible by bus
Premises
Ground floor commercial premises arranged as a modern hair and beauty salon with attractive frontage and excellent visibility onto the High Street.
The premises are fitted and equipped to a high standard and are ready for immediate continued trading.
Tenure
We are advised that the current lease is to be surrendered by the existing tenant.
A new incoming tenant will be granted a brand-new 15-year lease at a rent of £22,000 per annum.
Hours
The current operating hours are:
Monday - 9:30 am to 5:30 pm
Tuesday - Closed
Wednesday to Saturday - 9:30 am to 5:30 pm
Sunday - Closed
Staff
Currently owner-operated with no employed staff, offering flexibility for a new owner to run independently or expand with additional stylists and beauty therapists.
Financial Profile
We are advised that the business generates an annual turnover in the region of £110,000 with a net profit of approximately £50,000.
Business rates are reported at approximately £6,563 (After small business relief).
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Listing Statistics
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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