Archived
Reputable Hair Salon For Sale
Radlett, Hertfordshire
- Asking Price: £114,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £290,000 as of 2020, further financial information can be made available upon request.
Please quote reference B07021
- Tenure: Leasehold
Please quote reference B07021
Hilton Smythe is delighted to present to the market SK Hair Design, an exceptionally well presented independent hair salon located within a highly desirable village location.
SK Hair Design was established in 2018 following a £15,000 complete investment by our clients whose aim was to create a chic and contemporary London salon vibe to the leafy suburbs of Radlett.
As you can see from the salon photographs attached, the high end look has clearly been achieved!
The salon had previously been a well-known book shop, so our clients decided to keep some of the original features (shelving behind the reception desk etc.)
A new raised backwash area was added, bespoke hair stations fitted, 2 x new boilers installed as well as plastering/decorating throughout.
SK Hair Design believes that honesty and education is the key to the future for the business and their clients. Honesty in being clear on what is achievable or the process it will take to get your dream colour or style, while educating their clients on the importance of healthy hair.
The salon offers the following services -
- Cut & Finish
- Cut & Go
- Short Blow Dry
- Long Blow Dry
- Hair Up
- Men’s Cut & Finish
- Men’s Head Shave
- Brazilian Blow Dry
- Cocochocco Professional
- London Keratin
- Children’s Cuts
- Colouring
- Specialist Colouring
- Balayage
- Extensions
- INNOLuxe
- Jioco Def Damage Pro Series
- Revitaluxe Joico Mask
- Lusterlock Joico Mask
- Moisture Recovery Jioco Mask
- Joico Hair Repair System
Key brands used include -
- ILLUMINA COLOR
- WELLA PROFESSIONALS
- JOICO
We are advised there is currently a team of 10 in place - 3 x directors, 3 x stylists, 1 x receptionist & 3 juniors.
Key selling points -
- Business website (with online booking system)
- Instagram page - 1,072 followers
- Facebook page = 547 following
- 5 Star Google rating
- Excellent team of stylists in place
- Full business handover offered
- Unique salon space (old book shop)
- Opportunity for further growth
- Add further beauty services/treatments
- Backwash units x 4
- Section mirrors
- Climazone
- Fridge
- Washing machine
- Computer system (shortcuts)
- 2 large boilers
- Storage trolleys
Very rarely to salon opportunities of this size, standard or location come on to the open market and we therefore strongly advise any potential buyer to make an early enquiry to avoid any disappointment.
The business is run and managed by 4 full time and 3 part time staff members.
The business trading hours are:
Monday - Closed
Tuesday to Friday - 09:00am - 18:00pm
Saturday - 08:30am - 17:00pm
Sunday - 10:00am - 15:00pm
SK Hair Design occupies a prominent trading position along Watling Street in Radlett, Hertfordshire.
The double fronted salon sits central to a very good selection of local independent retailers, cafes/restaurants, beauty & financial services to key High street brands such as Tesco & Pizza Express.
Radlett is an affluent village located in Hertfordshire, conveniently positioned between Elstree and St. Albans.
The village surrounds Watling Street (A5183) and its excellent level of shops and services.
Radlett is a very popular village with both young families and professionals and centrally positioned just minutes away from both the M25 and M1 motorways.
Radlett mainline station is just a few steps away from the salon.
There is a choice of customer parking on Watling street or a larger longer stay pay and display car park directly facing.
Tenure
We are advised the business is being sold on a Leasehold basis with 10 years remaining on the Lease, the rent is £3,333 per month. Rates are payable at £1,000 per month.
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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.
