London Hair And Beauty Salon With Rental Income For Sale

Business description

HISTORY

• Established as a hair salon in the 1970s
• Acquired by vendor in 2008 with considerable improvements made at a cost of approximately £85,000
• Full programme of on going investment to maintain premises to top end and industry leading standard
• Range of services and treatments varied to meet requirements of discerning clientele
• Now benefits from diverse customer base with very high repeat rate
• Excellent website introduced


REASON FOR SALE

• Vendor is seeking a change of lifestyle after a number of years in the industry


PRODUCTS

• Mainly Aveda
• Perron Rigot waxing products
• Range of supplementary brands used as required


SUPPLIERS

• Products sourced from a range of traditional wholesalers

SERVICES

• Hairdressing for ladies, gentlemen and children with the option of Creative Director, Senior Stylist or Graduate Stylist
o Shiatsu scalp massage
o Colouring
o Intensive conditioning treatment
o Full consultation
• Beauty Treatments (Non Surgical)
o Hair removal
o Threading
o Eyebrow shaping and tinting
o Manicures
o Pedicures
o Facials
o Massage
. Elemental
. Hot Stone
. Pregnancy
o Body treatments
o St Tropez tanning
o Packages
. Tip and Toes
. Express
. Ultimate
. Men’s
. Pregnancy


CUSTOMERS

• Computerised client base of several thousands
• Discerning and relatively affluent Londoners
• Loyal with high repeat rate
• Mixed and multi-cultural
• 80%/20% ladies/gents split overall
• Approximately two thirds of work on hairdressing side and one third on beauty treatments; high crossover rate

STRENGTHS

• Well established salon trading from current site since the 1970s
• Substantial computerised client data base
• Stable and reliable staff
• Equipped to excellent contemporary standard
• No immediate investment beyond consideration price required
• Up and coming area with affluent urban population
• Excellent demonstrable financial performance with high level of adjusted net profit
• Rental income of £9,000 per annum from maisonette offsetting rental
• Superb local reputation
• Modern website




DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Term to be agreed
• Rent £35,000 per annum
• Rates £1,450 per annum

Location:

• Highly visible trading position in densely populated suburban location in South London
• Within easy striking distance of central London with excellent communication links
• Close to tube station and a range of complementary businesses
• On street parking close by

Premises details:

• A contemporary salon on three levels equipped to a top end industry standard comprising briefly:
o Attractive double fronted window display
o Reception counter
o 6 Cutting stations
o 3 Individually designed beauty rooms
o Kitchen/staff room
o WC
• One bedroom maisonette with separate access and currently let on short term tenancy
• Range of sundry beauty equipment included within consideration price

Business Operation

Expansion potential:

• Superb opportunity to exploit under utilised cutting stations
• Introduction of additional beauty treatments
• Marketing to established client base
• Expansion of existing loyalty scheme
• Opportunities for cost savings for working owners
• Maisonette could be as owners’ accommodation if required

Trading hours:

• Monday to Friday 10 AM to 9 PM
• Saturday 9 AM to 6 PM
• Sunday 9 AM to 5 PM

Employees:

13

Years established:

40

Other information

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• Sales Particulars

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• EPC