For Sale
Newly established beauty salon business for sale
London, City of London
- Asking Price: £37,000 +SAV
-
Turnover:
We are advised that the business generated a turnover in the region of £85,000. Full financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B06010
CoGoGo is delighted to welcome to the market InaStar Beauty Beautique, a well-established Beauty salon located at Aldgate, Whitechapel. The business has been owned by our client for 3 years, though our client has thoroughly enjoyed running the business, the business now comes to the market as our client is looking to free up some time.
The premises is immaculately presented with modern décor and furniture. Our clients’ offer a variety of services such as hairdressing, eyelash and eyebrow treatments, facials, hands and feet treatments and many more.
The spacious premises offers a reception desk, seating area, treatment stations, 3 beauty rooms, and sunbed room with modern and bespoke décor throughout.
The business has developed an excellent reputation within the area and further afield for the high quality of service offered, which has resulted in an excellent client base, with a high volume of repeat trade and word of mouth recommendations.
InaStar Beauty Boutique is currently run single handily, by the current owner.
The business is currently projecting a turnover of £85,000 with plenty of scope to increase such as pushing advertising, employing staff, renting out space and extending opening hours.
The google reviews are 5 star with clients comments including ‘Really enjoyed my massage and facial here! Good quality and made me feel very relaxed. Left my skin feeling lovely and soft after.’ And ‘I was very pleased with the haircut; it was exactly what I wanted! It is clean and safe (COVID measures are thoroughly enforced). Relaxing salon! I will definitely come back.’
Our client is hoping to stay on and rent space if the purchaser desires.
Reasons to buy;
- Excellent reputation
- Scope to increase revenue.
- Low overheads
- Seller offering handover and hoping to stay on and rent space
We are advised that the business owner run and managed, with no other staff members.
The business hours are;
Monday- 9:30am - 7:30pm
Tuesday - 9:30am - 7:30pm
Wednesday- 7:30am – 5:30pm
Thursday- 10:00am – 8:00pm
Friday- 9:30am - 7:30pm
Saturday- 10:00am – 6:00pm
Sunday- Closed
InaStar Beauty Beautique is located at Adler Street, Aldgate, Whitechapel. The area offers a mix of independent shops and commercial buildings, providing a large amount of footfall. It has become a highly desirable location for professionals to both live and work.
Whitechapel is a district in the London, it is 2.9 miles east of Charing Cross, on the northern bank of the River Thames.
Whitechapel is accessed via the A13, one of the busiest routes from Essex in central London.
There are ample parking facilities within the proximity, and permit holder spaces at the front of the property.
Nearest mainline station is Aldgate station just a few minutes’ walk away.
The premises is immaculately presented inside and out, with excellent eye-catching signage.
Upon entrance is the service area with ample shelving and storage, 2 hairdressing stations, 1 hair wash station, 3 manicure and pedicure stations, reception and waiting area.
Adjoining to the service area is beauty room number 1 with beauty bed, wash basin, storage cabinets and shelving.
To the rear of the service area is beauty room number 2 containing a beauty bed, wash basin and shelving. Kitchen area and WC and the sunbed room containing a stand-up sunbed and chair.
The assets included in the sales are in the region of £15,000 and include the following;
- Sofa
- Reception counter
- Leather armchairs
- Treatment seating
- Glass tables
- Mirrors
- Shelving
- TV
- Kitchen furniture
Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is currently £1,850 per month.
To be added to the price is a 6 months deposit in advance (£11,000). The £11,000 is stipulated in the contract and this will be paid on top of the selling price.
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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
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