Upmarket North London Beauty And Complementary Health Studio For Sale

Business description

Well established (6 years) in the thriving district of Queens Park, one of London's most fashionable and sought after residential locations. The business is located in Lonsdale Road, a private mews, just off the high street Salusbury Road. The site is 1,200 sq foot with four spacious treatment rooms and stylish reception area. Free parking for up to two clients is available directly outside prmises. Currently the owner works full time in the business together with self employed practitioners who include two part-time beauty therapists and four complementary practitioners including deep tissue/hot stone masseurs, an Osteopath and a Homeopath. The business has run very successfully as an owner managed entitiy. Historically the business has not utilised all four of its treatment rooms on a consistent basis as the owner was content to manage the company as a lifestyle business. Wtih aditional management and marketing expertise there is considerable opportunity to build on the current client base and exploit the true potential of the current location.

Location - Private Mews

Lonsdale road contains a selection of different types of business including an Organic Cafe and restaurant, a Pilates Studio, a large GP's practice, Vets and Dental practice plus music and media businesses. In addition a fabulous selection of shops, eateries and pubs are located on the high street. There is also a Farmer's Market on Sundays, which is extremely popular with local residents as well as attracting families from the surrounding areas of Maida Vale, Notting Hill and West Hampstead.

Reason for Sale

The owner now wishes to sell the company as a going concern as she is relocating to Brighton.

Tenure

Leasehold
12 year lease - 6 years remaining
Rent £23,000
4 year break clause, review every 4 yrs (next due 2011)

Rates

£800 a month

Turnover

£103,000

Profit - undisclosed

Asking Price

£70,000

Property information

Property:

Leasehold

Lease terms:

12 year lease - 6 years remaining
4 year break clause
Next rent review 2011

Leasehold rent:

£23,000 per annum

Location:

Attractive mews off busy high street in Queens Park. Car parking available for clients. Extremely affluent area with many young professionals and families with young children

Premises details:

Attractive two storey studio (1,200 sq foot) with four spacious treatment rooms, stylish reception area and storage/utility space

Size in square feet:

£1,200 sq foot

Other information

Expansion potential:

With additional management, more marketing expertise and advertising t there is considerable opportunity to build on the current client base and exploit the true potential of the exceptional location. As the business has a D1 medical use it could also be run as a medical/complementary health centre

Planning consent:

I have a D1 medical use

Competition / Market:

No other beauty salons/spas/health centres in the main centre of Queens Park.

Reasons for selling:

Owner relocating to Brighton

Trading hours:

Monday - Closed
Tuesday - 10am to 8pm
Wednesday - 10am to 8pm
Thursday - 10am to 8pm
Friday - 10am to 6pm
Saturday 9.30am to 6pm
Sunday - Closed

Furniture / Fixtures value:

£13,000 (included in the asking price)

Inventory / Stock value:

£3,000 (included in the asking price)

Website:

www.foodandface.com