For Sale
Well established beauty salon for sale
Oxford, Oxfordshire
- Asking Price: £299,995 +SAV
-
Turnover:
Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07424
Hilton Smythe are delighted to welcome to the market Cannelle Medispa, a highly rated beauty salon in Summertown, Oxford.
The business was first established by our client in 1997, building up an excellent reputation and loyal customer base. As seen by the online ratings and reviews, the business is extremely popular within the local area.
Cannelle Medispa has now come to the open market due to our clients desire to retire.
Cannelle Medispa is a high end beauty salon that are experts in core and advanced beauty treatments.
Core beauty treatments include:
- Manicure pedicure including gel and callus peeling
- Waxing
- Facial and massage
- UV free tanning
- Eyes treatment including lash extension lash lift and brow lamination
- Laser hair removal
- HydraFacial
- Caci
- Microneedling
- Resurfacing facial
- LPG lipomassage
- IPL skin rejuvenation, skin tightening, tattoo removal, nail fungus treatment, skin resurfacing and co2 facial
- Clear lift
- HiFu (high intensity focused Ultrasound)
- Radio frequency microneedling
- Light therapy
Key selling points -
- Monika Bartel – 2022 Award winners for best newcomer
- Muddy Stilettos – 2021 finalists
- Small Biz 100 – 2019 winners
- Phorest – 5 star client award winners in 2022
- Highly trained & loyal team in place
- Very desirable location
- Full equipped salon arranged over 3 floors
- Very profitable business model
- Full business handover period offered
- Expand the trading days/hours
- Increase social media advertising
We are advised that the business has 10 members of staff. As the business is fully operated by the staff, a new buyer wouldn't need to replace the role of our client.
The current trading hours are -
Monday – 8am – 6pm
Tuesday and Wednesday – 8am – 7pm
Thursday and Friday – 8am – 8pm
Saturday – 8am – 6pm
Sunday - Closed
Cannelle Medispa is located on Oakthorpe Rd in Summertown, Oxford.
The business occupies a highly sought after trading location on a parade of shops.
Basement room -
- 4 Treatment rooms
- 3 beauty room
- A large manicure and pedicure room
- Reception area
- 4 Treatment rooms
- Management office
Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 15 year lease (Just over 4 years remaining as of July 2023). The rent is £37,600 per annum.
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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
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