Established Hair, Beauty & Barber Salon – Reading –price reduced for – Quick Sale
Reading, Berkshire
- Status
FOR SALE
- Advert ID
660092
- Leasehold: £20,000
- Rent: £19,800 (£1,650 per month)
- Turnover: On request
- Profit: On request
Key Features
- Dedicated nail service section
- Dedicated website presence
- Digital presence with social media
- Direct landlord relationship
Business Details
Established Hair, Beauty & Barber Salon – Reading –price reduced for – Quick Sale
Established Hair, Beauty & Barber Salon – Reading – £20,000 – Quick Sale
An excellent opportunity to acquire an established, fully equipped hair, beauty and barbering salon at an attractive price. Priced for quick sale!
Short Back & Vibes is a contemporary, multi-service salon offering barbering, hairdressing, beauty treatments and nail services. Established in July 2022, the business has built a strong local reputation, supported by an impressive 5-star Google rating from 173 reviews and a substantial Instagram following of 4,598. Plenty of free customer parking available directly outside.
The salon benefits from an established brand, loyal customer base and a bespoke Short Back & Vibes branded product range. Its website and social media presence provide an excellent platform for a new owner to continue developing the business.
Salon Facilities
The premises are fully equipped and offer:
- 5 hairdressing stations
- 1 backwash area
- 2 treatment rooms
- Dedicated toilet facilities
- Storage room
- Fully equipped kitchen
Business Highlights
- Established business, trading since July 2022
- Strong local reputation and customer following
- 5-star Google rating from 173 reviews
- Instagram following of 4,598
- Established website: www.vibesstyling.com
- Bespoke branded product line
- Multiple income streams across hair, barbering, beauty and nails
- Fully equipped premises, ready for a new owner to take over
Lease Details
A new lease will be available to the purchaser, with a term of 5 or 10 years.
Annual rent: £19,800.
Asking Price: £20,000 (Reduced from £37,000)
Offered at an attractive and now reduced price to achieve a quick sale. This represents an excellent opportunity for an existing salon owner looking to expand, a hair or beauty professional wanting to establish their own business, or an entrepreneur looking to acquire an established salon with an existing brand and customer base.
The sale is occurring due to pressing personal reasons and so the price has been substantially dropped. A completed sale by the second week of December is desired.
Mechanism for sale will be:
1. Credit check and landlord approval of prospective new tenant
2. Payment of 20% deposit of sale price
3. Contract of sale prepared and signed. This will list and transfer assets of the business, including brand name, web presence etc.
4. On signature of contract, remaining 80% of sale price is too be paid.
Early enquiries are encouraged.
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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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