Archived
Well Established Hair & Beauty Salon
Cambridge, Cambridgeshire
- Asking Price: £39,995 +SAV
-
Turnover:
Lash & Glo generated an advised turnover of circa £91,350 as of the 2019 accounts, with a gross profit of 64.5%, a net profit of 5.5% and an adjusted net profit of 31.8%.
The assets being sold with the business are worth in the region of £8,500.
The average stock value is in the region of £8,000. For further information please reference B05813.
- Tenure: Leasehold
Please quote reference B05813
Hilton Smythe welcomes to the market Lash & Glo a hair & beauty salon which was established by our client in 2016, due to family commitments our client is now looking to sell this business that has seen exponential growth over the last few years.
The salon offers all aspects of beauty treatments including:
- Lashes.
- Brows.
- Make up.
- Waxing.
- Gel Nails.
- Acrylic nails.
- Massages.
- Micro blading.
- Lip fillers.
- Hair cutting.
- Hair styling.
- Hair colouring.
- Bridal hair.
There are many reasons to buy the business including:
- Exponential growth since opening in 2016.
- Large growing database of clients.
- Reputation and location.
- Cambridge location with own parking spaces.
The business is run and managed by our client, with the help of 1 full time member of staff and 6 staff on a rent a chair basis.
Monday: 10am - 6pm
Tuesday: 10am – 6pm
Wednesday: 10am – 8pm
Thursday: 10am – 8pm
Friday: 10am – 5pm
Saturday: 9am – 4pm
Sunday: Closed
Lash & Glo is located on the outskirts of Cambridge on the main Newmarket Road.
The business is ideally located in a modern premises with its own allocated parking spaces with additional free adjacent street parking. This making it unique for a near central beauticians on a main busy arterial road. Signage is distinctive and visible to passing traffic.
At the United Kingdom Census 2011, Cambridge’s population was 123,867 including 24,506 students.
The salon has:
- Reception area.
- Soft seating in the waiting area.
- 2 Nail Stations.
- 4 Hair Stations.
- 3 Treatment Rooms.
- Double Back Wash
- Tumble Drier
- New Hair products storage/mixing room with sink
- The salon has a CCTV system.
Tenure
We are advised the business is being sold as a leasehold business opportunity with a 6-year lease from 2016 and an annual rent of £17,000. Business rates are currently payable at just £500 per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
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.
