Nail And Beauty Saloon In Bexleyheath For Sale

Business description

Business Details
The particular highlights of the business are:
- The owner has totally refurbished this Nail and Beauty Saloon to a very high standard.
- Enjoys a good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £65,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wishes to concentrate on other business commitments
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple.
- Business enjoys superb local reputation.
- The concern provides beauty, nails and a tanning bar that has been refurbished to a very high standard. There is room to extend the business to include hair and massage.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Nail and Beauty Saloon which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell due to concentrate on other business commitments.

Staffing
The concern employs 3 staff members.

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

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is local competition.


Market
The client base consists of local 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 including local and internet advertising.
• Increasing the product line to include hairdressing.
• Increasing the product line to include massage and steam room/s.

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.

PROPERTY DETAILS
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled throughout and has been refurbished to a very high standard. It is very well presented and is very conveniently laid out. There are customer toilets. There is an additional large room that could be refurbished to include hairdressing and massage. Three Phase electricity has been fitted.

There is a beauty room, a spray tanning room and 3 Elegance spa chairs.
There are staff facilities and a fully equipped kitchen.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £55,000.
This includes 3 tanning rooms fitted with Aurora 200 watt units, 1 Flabeloss Machine and 6 nail stations.

FINANCIAL DETAILS
The present annual turnover is £65,000. The wages are £500. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 pa 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 15 years with 13 years remaining. The rent is £12,500 pa. The rates are £1,800.

Leasehold rent:

£12,500 pa per annum

Location:

- Situated in Bexleyheath.
- Prominent location on main arterial road.
- Part of a parade of shops in the local shopping centre area.
- Excellent parking facilities nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many shops and restaurants.
- Well linked with the main line station.
- Area enjoying much growth and re generation.
- A lifestyle area.

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 a CCTV system. The main customer service area is tiled throughout and has been refurbished to a very high standard. It is very well presented and is very conveniently laid out. There are customer toilets. There is an additional large room that could be refurbished to include hairdressing and massage. Three Phase electricity has been fitted.

There is a beauty room, a spray tanning room and 3 Elegance spa chairs.
There are 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 including local and internet advertising.
• Increasing the product line to include hairdressing.
• Increasing the product line to include massage and steam room/s.

Competition / Market:

There is local competition.

Reasons for selling:

Owner wishes to sell due to concentrate on other business commitments.

Trading hours:

Monday to Saturday: 9.00 am – 9.00 pm.
Sunday: 10.00 am – 6.00 pm.

Employees:

The concern employs 3 staff members.

Years established:

Established since 2009

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:

£55,000 (included in the asking price)

Inventory / Stock value:

£1,000