Profitable Beauty Salon In Upminster Essex For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £90,000 pa with a net profit of £8,000 (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Agents are delighted to place onto the market an exceptional Beauty Salon which has been established since 2005. The business has been in the hands of the current owner since 2008 and she now wishes to sell due to medical reasons.

Services
This very good business opportunity provides beauty treatments, spa and beauty, waxing, pedicure, manicure, nails, non surgical treatments, botox, micro derma abrasions, holistic and hot steam massage and laser treatments

Staffing
The concern employs 2 full time and 1 part time staff and the wages are £30,000 pa.

Owners Role
The owners’ role is to manage and oversee the reception.

Marketing
The owner does not market the business and does not have a website.

Competition
As far as competition is concerned there is none in the immediate vicinity.

Market
The client base consists of local clientele and tourists and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Mondays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £99,108 pa with a gross profit of £30,068 and a net profit of £8,000. The wages are £30,000. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £154,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 2 years remaining. The rent is £8,500 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,740.

Leasehold rent:

£8500pa per annum

Location:

- Situated in Upminster area of Essex.
- Prominent location on main arterial road.
- Part of a small parade of shops.
- Excellent parking facilities nearby.
- Surrounded by well densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A124, A127, M25 and good railway links.

Premises details:

The property is terraced and is part of a small parade of shops and is approximately 80ft x 30 ft. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is tiled with shelving to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room. There are staff facilities, a toilet and a fully equipped kitchen.

External
To the front there is parking available.
To the rear is a car park.

Size in square feet:

80ft x 30ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Mondays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is none in the immediate vicinity.

Reasons for selling:

The original length of the lease was 5 years with 2 years remaining. The rent is £8,500 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,740.

Trading hours:

Monday: Closed
Tuesday: 10.00am – 6.00pm
Wednesday to Thursday: 10.00am – 8.00pm
Friday: 10.00am – 6.00pm
Saturday: 9.00am – 4.00pm
Sunday: Closed

Employees:

The concern employs 2 full time and 1 part time staff and the wages are £30,000 pa.

Years established:

6 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£70,000 (included in the asking price)

Inventory / Stock value:

£2,500