Archived
Well established Beauty and Laser business for sale.
London, City of London
- Asking Price: £49,999 +SAV
-
Turnover:
We are advised that the business generates a turnover in the region of £65,000.
Please quote reference B05975
- Tenure: Leasehold
Please quote reference B05975
Hilton Smythe is delighted to welcome to the market Cher Salon, a well-established Beauty and Laser Aesthetic clinic located at East Hill, Wandsworth. The business has been owned by our client for 4 years, only now does the business come to market, as our client is looking to move onto another business venture.
Cher Salon is immaculately presented with modern décor and furniture. Our clients’ offer a variety of services such as waxing, massages, facials and many more.
The spacious premises offer a reception area and 2 treatment rooms. 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.
The treatwell reviews are excellent, with customers comments stating ‘outstanding. highly recommended. 5 star clinic’ and ‘I had a facial and was really impressed with the results. The beautician was very polite and made me feel comfortable. Hygiene and sanitation was taken seriously. Overall, I had a very pleasant experience and would definitely recommend and come back for another treatment!’.
Our client is offering a hand over period to ensure the continued success of the business.
The business currently operates 5 days per week and generates a turnover in the region of £83,000 per annum.
Reasons to buy;
- Excellent location with free parking
- Well established
- Modern décor
- Scope to increase revenue
- Low rent for the area
This is an excellent opportunity for anybody looking to get into the trade, the business already has knowledgeable staff in place and an abundance of clientele. Early viewings come highly advised and are by appointment only.
At the time of the instruction, the business has 2 full time members of staff.
The business hours are;
Monday 10:30- 18:00
Tuesday 10:30- 18:00
Wednesday 10:30- 18:00
Thursday 10:30- 18:00
Friday 10:30- 18:00
Saturday Closed
Sunday Closed
The Business is located on East Hill, Wandsworth, surrounded by a wealth of complimentary shops and businesses, providing ample footfall and new clientele.
The area has ample bus, train and tube stations close by.
There is a car park at the rear of the shop and further car parking facilities within the proximity.
Upon entrance of the salon is the main service area comprising of;
- Reception area
- 2 separate beauty rooms
- The rooms are fully kitted out to suit the trade, with ample storage and beauty beds.
Security - The premises is secured with an alarm system.
The equipment included in the sale comprises of;
- Mirrors
- 2 beauty beds
- Trolleys and storage systems
- Waiting area chairs
- Retail cabinet
- Reception desk
Tenure
We are advised that the business is being sold on a leasehold basis, and a new 10-year lease is to be granted. We are also advised that the rent is £916.66 per month and rates payable is £5,000.
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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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