For Sale
Newly renovated Hair & Beauty salon for sale.
City of London, City of London
- Asking Price: £69,995 +SAV
-
Turnover:
We are advised that as per the 2019 accounts, the business generated a turnover in the region of £70,000. Full financials can be made available upon further request.
Please quote reference B06069
- Tenure: Leasehold
Please quote reference B06069
CoGoGo is delighted to introduce to the market Masterclass Hair & Beauty, located on Finchley Road, West Hempstead. The business was established by our client in 2018. After taking over the lease of the premises, our client completed a full high spec renovation and refit, to create Masterclass Hair & Beauty. Only now does the business come to market as our client is looking to relocate.
The unisex salon offers a range of professional hair services including cuts, colours, perms and styling to clients of all ages.
This leasehold salon is very well known in the area with great support from the local community. According to the 2019 accounts, the business reports a good turnover of £70,000 per annum.
Masterclass already has an online booking website, which has proven to be effective and efficient for the customers. The business holds a 5 star review status on google and is also a 5 star ‘top rated’ business on Treatwell.
Our client is happy to offer a hand over period to ensure the continued success of the business and introduce the buyer to the regular clientele.
The premises are immaculately presented with modern equipment and décor.
There is ample scope to increase the already thriving turnover as our client has run the business single handed since inception. There are 8 stations in the salon, therefore there is ample scope to employ staff members or perhaps rent out chairs, as well as the option to add more services in the beauty sector.
Early viewing of this highly rated and popular business is highly recommended.
We are advised that the business is owner ran and managed.
The business trading hours are;
Monday - 10:00AM – 8:00PM
Tuesday - 10:00AM – 8:00PM
Wednesday - 10:00AM – 8:00PM
Thursday - 10:00 AM – 8:00PM
Friday - 10:00 AM – 8:00PM
Saturday - 9:00AM – 7:00PM
The business is surrounded by a wealth of complimentary shops and businesses, therefore benefits from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance.
The business is within 5 minutes walk distance of Finchley Road underground station (Jubilee and Metropolitan line) and Finchley Road overground station.
The business is also within 3 minutes walking distance of the O2 shopping centre and Sainsbury’s parking.
The area is well served by the A-roads, with the A506 within easy driving distance of the business, which leads to the M1 & M25 motorway network.
Mid terrace premise briefly comprising of;
Main entrance into open plan salon with reception counter, 7 cutting stations and 3 backwash systems. The interior features bespoke lighting, high gloss floor tiles, modern décor and large mirrors.
To the front, the premises are very well signed and presented and to the rear of the premises is a secure garden area. The size of the salon is 70 sqm.
The sale of the business also includes ;
- 8 hairdressing chairs
- Mirrors
- 3 backwash systems
- Bespoke reception desk
- Waiting area sofa
- Glass display shelving
- Lockers
- Website (online booking system)
- CCTV system
Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is currently £1,665 per month.
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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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