Established Salon In Excellent Central London Location For Sale

Business description

Description:
The Business Partnership is proud to offer for sale this profitable hair and beauty salon in an excellent location in Marylebone, central London, now reduced in price from £55,000 for a quick sale.

Established 26 years ago and run continuously by the current owner, this salon boasts an enviable reputation and represents a great opportunity for a new owner.

The vendor wishes to step back from the day-to-day running of the salon, but is willing to rent a chair from the new owner. Not only does this ensure continuity for the loyal clientele, but the profit share from his chair would make a significant contribution to the running costs.

Add to that a recent lack of marketing investment and not being open on Sundays and this represents a fabulous, low-risk opportunity to a motivated buyer.

Trading Hours:
Mon - Thur: 10 - 6
Fri: 10 - 7
Sat: 9 - 5
Sun: closed

Premises Details:
The property in all is approximately 1,000 sq.ft. The main salon has 5 stations along one wall 3 backwash sinks with chairs along the other, a seating area, storage room, WC and stairs to basement.

In the basement there is a separate beauty treatment room with reception area, storage area.

Training Provided:
The owner is willing to rent a chair, so a smooth handover and hands on training are assured.

Property information

Property:

Leasehold

Lease terms:

The lease has a further 8 years to run before renewal. Rent is £23k / year.

Location:

The salon is located on a busy side street adjoining Marylebone high street, an upmarket village in central London. A short distance away are several very upmarket food and retail outlets.

Business Operation

Expansion potential:

At present, the salon does not open on a Sunday, which is one of the busiest days for retailers on the adjoining high street. Furthermore, the trading hours can be extended.

The owner acknowledges that marketing has been somewhat neglected of late and any investment in this area would quickly yield results.

Competition / Market:

The longevity of the salon is testament to its being able to compete with anyone.

Reasons for selling:

The current owner wishes to take a step back from the day-to-day running of the salon, but continue to serve his loyal clients.

Trading hours:

Mon - Thur: 10 - 6
Fri: 10 - 7
Sat: 9 - 5
Sun: closed

Years established:

1984