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£0 £1000000

Well established covid-friendly unisex hair salon

London, City of London

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Archived

£69,995 +SAV

Ref: B05977

Leasehold

Overview

Please quote reference B05977

Hilton Smythe is delighted to welcome to the market Our Little Secret, a well-established and busy unisex hair salon, located on Railton Road, Brixton. The business was originally established by our client over 11 years ago. Only now does the business come to market as our client is looking to move onto another venture.

Our little secret offers services for all types of hair, such as curly and afro hair. Services include cut and blows, highlights and colours with a unique holistic approach. Products used include Olaplex and Wella.

The business currently operates 5 days per week and generates a turnover in the region of £73,000 per annum, with only 1 Hairdresser and no other staff members. Therefore, there is ample scope to increase the revenue by employing staff, adding beauty treatments to the services, renting chairs etc.

Our Little Secret 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 google reviews are 5 star with customer comments stating ‘A little jem. Always feel so relaxed after having my hair cut here’ and ‘Fantastic hairdressers - both cuts and colour. Been coming here for over 8 years’.

Our client is offering a hand over period to ensure the continued success of the business.

The business is immaculately presented with high class, vintage décor and furniture. The spacious premises offer the hairdressing salon on the ground floor and space for beauty rooms on the lower ground floor, should the purchaser desire.

Reasons to buy;

  • Excellent location with free parking
  • Well established
  • Modern & bespoke decor
  • Huge scope to increase revenue
  • Low overheads
There is also scope to embark on a small marketing campaign to promote the services offered. This is an excellent opportunity for a new owner to take this excellent business to the next level.

Turnover
We are advised as per the 2019-2020 accounts, the business generated a turnover in the region of £75,000, with an adjusted net profit in the region of £25,000.

Please quote reference B05977

The business only has 1 hairdresser and no other staff members. 

The business hours are;

Monday - Closed
Tuesday - 12pm to 8pm
Wednesday - 12pm to 8pm
Thursday - 12pm to 8pm
Friday - 12pm to 8pm
Saturday - 12pm to 8pm
Sunday - Closed


Our Little Secret is located on Railton road (B223), in the affluent area of Brixton, and is ideally and prominently situated with excellent signage.

The area of the business is well supported by public transport links, with ample bus stops and tram stations nearby. Broxwell park is just a few minutes’ walk away.

The business is between the amenities of Brixton, with top restaurants and nightclubs less than 10 minutes away. Also, the residential side with well stablished young professionals and young families around the Herne Hill area, only five minutes away from the salon. There is a Sunday Organic Local market and lots of new businesses opening near by too, making it an excellent trading location. 

The business benefits from free street parking at the front of the building.

Upon entrance is the main service area comprising of; 

  • Reception counter and waiting area
  • 3 hairdressing stations
  • 2 back wash areas
  • Beauty station
To the rear of the premises is the kitchen and storage area with WC comprising of;

  • Storage cabinets
  • Sink
  • Worktops
The premises also has a large basement which could be converted into beauty rooms, or sunbeds etc.

The building is secured with metal roller shutters.

The business also has; 

  • 3 bespoke hairdressing chairs
  • 3 waiting area chairs
  • Bespoke reception counter
  • Large mirrors
  • Storage cabinets
  • 2 backwash systems with chairs
  • Large dresser
  • Beauty station
  • Trolleys

Tenure
We are advised that the business is being sold on a leasehold basis- with 4 years remaining on the 15 year lease. The rent is £750 per month. 

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