£0 £1000000
£0 £1000000

Highly Renowned Hair & Beauty Business

Kent

< 1-1 >

Enlarge

For Sale

£59,950 +SAV

Ref: B05493

Leasehold

Overview

Please quote reference B05493

Hilton Smythe are delighted to present to the market a large salon opportunity occupying 2 x floors decorated to a high standard. The business comes with many years of trading history, it is now been sold to allow our client to start a family.

The renowned business offers both hair and beauty services and was previously a well-known City & Guilds Training Academy. Services include -

  • Ladies and Men’s haircutting, restyling and colouring.
  • Perming/Chemical straightening.
  • Hair conditioning and Hair extensions.
  • Waxing, Pedicures, Nails.
  • Hopi Ear therapy, Facials, Massage.
  • Wedding packages.
Our client advises 70% of the turnover is derived from Hair services and 30% from Beauty. 2 of the 4 staff working in the salon can do both and hair treatments.

All staff apart from our clients are employed on a 50/50 rent a chair basis.

The salon has the potential to employ 8 stylists.

The size of the salon allows any new owner to easily double the current turnover levels, we recommend any of the following areas -

  • Increasing current staffing levels.
  • Remodelling the ground floor area.
  • Updating the current website, social media presence and advertising.
  • Add a new online booking system including an easy to use ‘App’.
  • Increasing the limited choice of Beauty services, including the increasingly popular non-surgical procedures, fat reduction treatments and spray tans.
  • Add permanent make-up and tattooing.
  • Remodelling the lower ground floor to increase the number of Beauty rooms - adding more rooms could easily be rented out individually to increase turnover.
  • Extend current opening hours.
  • Re-introduce a growing school facility.
Rarely do salons of this size, reputation and location come onto the open market. To create a salon space of this standard would easily cost up to £50,000. We strongly recommend early viewing to avoid disappointment.

Turnover
The business is scheduled to achieve a 2019 Turnover of around £80,000 which is very similar to the Turnover achieved in 2016, with a gross profit of circa £21,000 adjusted net profit should be around £35,000- £40,000.

Please quote reference B05493

The business run and managed by our client with the help of 4 self-employed hair stylists/beauticians.

SUNDAY / MONDAY - Closed

TUESDAY - 9am to 3pm

WEDNESDAY - 10am to 8pm

THURSDAY - 9am to 8pm

FRIDAY - 9am to 6pm

SATURDAY - 9am to 4pm

The salon occupies a highly visible corner trading position, the business sits centrally in a dense residential area.

The salon is based in a thriving town in the county of Kent where the business benefits from free parking on nearby streets.

Front external -

  • included in the lease is a large pavement space, ideal for customer parking or a designated customer area.
Ground floor -

  • Large customer waiting area with a black leather sofa and retail display shelving.
  • Curved Reception desk.
  • 7-8 Hair Styling Stations.
  • 1 Nail bar station.
  • 3 x single backwash units.
  • Staff room.
  • Staff kitchen and colour store.
  • Toilet.
Lower Ground Floor -

  • Sunbed Room - larger than average room which includes a rented stand up solarium (recently re-tubed).
  • Treatment Room 1 - treatment bed, storage trolley, storage shelving and access to large store cupboard.
  • Treatment room 2 - currently used as storage.
  • Office - currently used as an office but could be used as a further treatment room.
The premises are circa 117sqm.

Tenure
We are advised the business is being sold as a Leasehold with 2.5 years remaining on a 7-year renewable lease paying just £13,200 per year. The business benefits from full small business relief paying 0 rates in the current year.

Similar Businesses For Sale

11

Well Established Tanning Studio For Sale

Chorley, Lancashire

£29,995 +SAV

Discover Business

8

Well Established Barbers & Tattoo Parlour

Merthyr Tydfil, Mid Glamorgan

£19,995 +SAV

Discover Business

12

Well established Beauty & Tanning Salon business for sale

Enfield, Greater London

£49,995 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Cheryl Hunt

    Sales Negotiator

    Need help with finance to purchase this business?

    Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £59,950 +SAV

    6%
    £23,980
    £35,970
    5 years
    £0

    60 monthly payments of

    £0

    Apply Now

    Representative Example

    Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83


    Rates may differ as they are dependent on individual circumstances. Subject to status.

    Popular business searches in the UK