For Sale
Newly refurbished Beauty Salon business for sale
City of London
- Asking Price: £299,950 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business is projected to generate a turnover in the region of £425,000, with an adjusted net profit in the region of £100,000. Full financials can be made available upon further request.
Please quote reference B06545
- Tenure: Leasehold
Please quote reference B06545
Hilton Smythe is delighted to present to the market a recently refurbished beauty salon arranged over 2 floors within a highly sought after London location.
The business opened its doors in 2019 following a complete refurbishment programme which cost our clients in the region of £200,000. All work was professionally designed to emphasise the clean crisp brand image which clients in the area demand.
As you can see from the internal photographs attached, the finish is extremely high end and will allow any new owner the ability to enjoy the growing success without any further asset investment required.
Work completed included -
- New shop front
- Air conditioning system
- Bespoke curved privacy wall
- Custom made cabinets & display shelving units
- New electrics and lighting throughout
- CCTV
- Re-plastering & decoration
- New staff facilities - coffee machine, washing machine, tumble dryer
They offer the following services -
- Manicures & Pedicures
- Nail art
- Eyelash extensions
- Semi-permanent makeup
- Facials
- Ladies waxing
Our client currently uses the Treatwell Beauty site to generate a lot of their new clients, we feel further investing in new social media and business website platforms will allow the business to promote itself more independently.
Key selling points -
- 5 star Google customer reviews
- Handover period offered
- Lots of available space
- Instagram - 123 followers
- Long lease in place
- Highly desirable location & footfall
- Opportunity for significant growth
- High end refit
- Application permitted to carry out injectable services
PLEASE NOTE - There is a £25,000 rental deposit also included in the price of the business.
We are advised that the business has 5 full-time members of staff.
The business hours are -
Monday – 10:00am – 9:00pm
Tuesday – 10:00am – 9:00pm
Wednesday – 10:00am – 9:00pm
Thursday – 10:00am – 9:00pm
Friday – 10:00am – 9:00pm
Saturday – 10:00am – 9:00pm
Sunday – 10:00am – 9:00pm
The business occupies a highly sought after trading position in London.
The beauty salon is surrounded by an excellent choice of independent retailers, cafes & restaurants which attract a consistent footfall throughout the day and evening.
There is a large pay and display car park just a few minutes’ walk away.
Ground floor -
- 3 nail stations
- Customer waiting area
- Disabled friendly customer toilet
- 2 x regular sized treatment rooms in the basement
- 1 x large sized treatment room
- 1 x pedicure area
- Office
- 2 x further treatment rooms
- Toilet & shower room
- Kitchen
- Storeroom
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 £4,166 per month and has £3,240 rates payable.
Please note - There is a £25,000 rental deposit also included in the price of the business.
