Extremely well established hair salon for sale
- Asking Price: £284,995 +SAV
We are advised that as per the 2022 accounts, the business generated turnover in the region of £465k net. Most recent figures show turnover on track for £600k+ for the current year.
- Tenure: Leasehold
Please quote reference B07422
Hilton Smythe are delighted to welcome to the market a highly rated hair salon in West London.
The business was first established back in 1990, and has been a family business since. Our client then took over in 2007, building up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is highly regarded within the local area.
The hair salon has now come to the open market due to our clients desire to retire.
The business is an award-winning salon that offers all forms of hairdressing services for women, men and children. The business aims to use organic hair products. A wide range of organic products are available for purchase in salon.
The salon has grown year on year, winning Hair & Beauty Awards.
Key selling points -
- Excellent reputation
- Loyal, affluent clientele
- High footfall location
- Fully staffed
- High profit margin
- Handover period offered
We are advised that the business has 15 members of staff (3 are self employed).
The current trading hours are -
Monday to Wednesday – 9am – 6pm
Thursday – 9am – 7pm
Friday to Saturday – 9am – 6pm
Sunday – Closed
The hair salon is located in West London.
The business has eye catching signage and receives high levels of footfall and passing trade.
- Large basement for stock storage
- Retail Area
- Reception Area
- 14 Hair Stations
- 3 Backwash stations
- Kitchen and Toilet area
We are advised that the business is being sold on a Leasehold basis, with the current 10 year lease due to expire in April 2024. This will provide new owners with the opportunity to negotiate their own terms with the landlord. Current rent is £42,125 per annum.