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Premium Hair Salon for Sale in Hendon, London with 19 Years of History and Experienced Team

Hendon, London
Premium Hair Salon in Hendon, London Photo 1
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Premium Hair Salon in Hendon, London
  • Leasehold: £50,000
  • Rent: £15,000 (£1,250 per month)
  • Turnover: £149,000 (£2,865 per week)
  • Profit: On request

Business Details

Premium Hair Salon in Hendon, London

An exciting opportunity to acquire a well-established, fully operational hair salon in Hendon, North London, offering an existing clientele, experienced team and excellent potential for further growth. With a trading history spanning approximately 19 years, the salon has built a strong presence within the local community. Since coming under its current ownership in June 2022, the business has undergone significant improvements, strengthening its reputation and achieving an impressive 4.8-star Google business rating from 187 customer reviews.

Generating annual turnover of approximately £149,000, the salon offers an incoming purchaser the opportunity to acquire an established trading business. The salon features five fully equipped styling stations, with all owned fixtures, fittings and equipment included in the sale.

The business benefits from an established team of 6, comprising 5 hairdressers, (including the salon manager/director) and 1 receptionist. The current owners are not professional hairdressers and do not personally provide salon services. This presents an attractive opportunity for an experienced stylist looking to own and operate an established salon, or an investor seeking a business with an existing team in place. With an established customer base, strong reputation and online presence, the salon provides a solid foundation for an incoming owner to build upon, with clear potential for further growth.

PREMISES & STAFF

Leasehold: 5 Years Remaining

Rent: £1,250 per month
Team of 6 with 5 hairdressers, including the salon manager/director, plus 1 receptionist.
 

BUSINESS OVERVIEW

Type: Hair Salon

Location: Premium London Location

Established: 4 years

Turnover:  £149,000

Net Profit: £ TBA

Asking Price: £50,000
 


 

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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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