For Sale
Well established hair and beauty salon for sale
London, City of London
- Asking Price: £54,995 +SAV
-
Turnover:
We are advised as per the 2019 accounts, the business generated a turnover of £84,805, with an adjusted net profit of £32,815.
Pease quote reference B05970
- Tenure: Leasehold
Please quote reference B05970
Hilton Smythe is delighted to welcome to the market Cher Salon, a well-established and busy hair & beauty salon, exclusively for women. The business has been owned by our client for 3 years, only now does the business come to market, as our client is looking to move onto to another business venture.
Cher Salon is immaculately presented with modern décor and furniture. Our clients’ offer a variety of services such as hairdressing, massage, Facials, Threading, Nails, pedicures, waxing and many more.
The spacious premises offer a reception area, hair stations, beauty stations, and 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 5 stars with customers comments stating ‘Lovely experience here and open on a Sunday which is a bonus’ and ‘Really good facial, removed a lot of congestion and the massage was just a lovely way to unwind while the mask did it’s work’.
Our client is offering a hand over period to ensure the continued success of the business.
The business currently operates 7 days per week and generates a turnover in the region of £85,000 per annum.
Reasons to buy;
- Excellent location with free parking
- Well established
- Modern décor
- Scope to increase revenue
- Low overheads
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.
The business has 4 full time and 4 part time members of staff.
The business hours are;
Monday 10:00 – 19:00
Tuesday 10:00 – 19:00
Wednesday 11:00 – 20:00
Thursday 11:00 – 20:00
Friday 11:00 – 20:00
Saturday 10:00 – 19:00
Sunday 10:00 – 18:00
The business is located on Mitcham Road, Tooting, just minutes away from Tooting Broadway tube station.
Surrounded by a wealth of complimentary shops and businesses, providing ample footfall and new clientele.
The premises has parking at the back of the shop for 3 cars as well as ample car parking facilities within walking distance of the business.
Upon entrance of the salon is the main service area comprising of ;
- Reception area
- 3 hair stations
- 1 beauty treatment station
- 2 manicure desks
- 2 pedicure stations
- 3 separate beauty rooms
There is also a basement used as storage
Security - The premises is secured with metal shutters on the front and back.
The equipment included in the sale comprises of :
- 3 hairdressing chairs
- Mirrors
- 1 beauty chair
- 2 manicure tables
- 2 pedicure chairs
- 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, with 8 years remaining on the current 10 year lease. The monthly rent is £2,416. We are also advised that the rates payable is £5,036.
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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.
