Hairdressing Salon Fulham London 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 £100,000 pa with a net profit of £50,000. (See financial summary below).
- A business with great potential which has not been fully exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- There is a laundry facility in the premises.

History
Agents are delighted to place onto the market this hairdressing salon which has been established since 2003. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to emigrating.

Services
This very good business opportunity provides all types of services including hairdressing, extensions, manicures, pedicures, beauty treatments, massages and many other treatments services.

Staffing
The concern employs 2 full time staff and the wages are £22,000 pa.

Owners Role
The owner is involved in the day to day running of the business.

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

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

Market
The client base consists of loyal clientele from far and wide as well the local and business residents.

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 product line.
• Becoming more efficient with staffing levels.
• With an enhanced website.

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 £100,000 pa and a net profit of £50,000. The wages are £22,000. The present value of the stock is £4,000.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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 Phoenix 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. Phoenix 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 Phoenix Business Agents Limited 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 12 years with 4 years remaining. The rent is £22,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £9,000.

Leasehold rent:

£22000pa per annum

Location:

- Situated in Fulham area of South West London.
- Prominent location on main arterial road.
- Part of a small parade of shops.
- Excellent parking facilities nearby.
- Surrounded by 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 A308, A304, Wandsworth Bridge and good railway links.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There is an alarm system. The main customer service area is wooden floored with work stations and mirrors to the walls. It is very well presented and is very conveniently laid out. There is a downstairs with additional treatment rooms and storage space.

There is a toilet, staff facilities and a fully equipped kitchen.

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 product line.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

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

Reasons for selling:

he now wishes to sell due to emigrating.

Trading hours:

Monday to Saturday: 10.00am to 7.00pm

Employees:

The concern employs 2 full time staff and the wages are £22,000 pa.

Years established:

8 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:

£20,000 (included in the asking price)

Inventory / Stock value:

£4,000