Hair Salon for Sale in Prime North London Area with Diverse Services and Customer Base
Undisclosed, London
- Status
FOR SALE
- Advert ID
656148
- Reference
AS193 / Rightbiz
- Call Agent:
- Leasehold: £74,950
- Rent: £16,500 (£1,375 per month)
- Turnover: £48,000 (£923 per week)
- Profit: On request
Business Details
Established Hair Salon in Prominent North London Location
A fully fitted, established hair salon directly opposite an Underground station. The business specialises in European, Afro-Caribbean and Asian hair, including extensions, styling, colour, hair-care and hair-loss solutions.
The premises contain four fitted styling stations, two wash basins, a reception and waiting area, storage and an established salon fit-out. The proposed sale includes the trading name and goodwill, fixtures and equipment, website and domain subject to transfer arrangements, telephone number, relevant digital and social accounts, booking history, supplier information and approximately 4,130 customer records.
PREMISES & STAFF
Leasehold (11 years remaining)
Rent: £16,500 pa
No service charge is currently payable and no business-rates payment is currently being made.
Current turnover is approximately £4,000 per month and the business is breaking even. The salon currently trades on a limited schedule, with one self-employed stylist working approximately one week per month. This leaves substantial unused appointment and chair capacity for an incoming owner-operator or salon business with its own team. Under fuller staffing, historic peak monthly turnover was approximately £14,700 during June–August 2019, with approximately 138 bookings per month.
(Historic figures are provided as evidence of previous capacity and are not represented as current maintainable earnings).
Instagram: 1,900 followers
BUSINESS OVERVIEW
Type: Hair Salon
Location: Prominent and affluent North London location opposite a tube station
Established: 8 years
Turnover: £48,000
Reason for sale: Owner has relocated to Dubai and is seeking a complete exit because the business cannot be managed effectively from overseas.
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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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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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