For Sale
Well Established Hair Salon For Sale
London, City of London
- Asking Price: £99,995 +SAV
-
Turnover:
The business reports a turnover for 2019 of £283,961 with a gross of £161,097
Please quote reference B059300
- Tenure: Leasehold
Please quote reference B059300
Hilton Smythe is delighted to introduce to the market Kennaland, a highly rated and well known Hair studio, located on Mare Street. Kennaland was established by our clients in 2008, only now does the business come to market as are clients are looking to move abroad.
The award winning studio is extremely well known for being the best salon for blondes.
The business is very highly rated with great support from the local community, benefiting from a high volume of repeat trade and word of mouth recommendations.
Kennaland holds a 5 star review status with customer comments including ‘Been going here for years, really trusted stylists and colourists. I go for balayage & always very happy with it. A relaxed a chic space to chill for a few hours, always goes by so quickly’ and ‘I went to Kennaland on the recommendation of a friend and had the best hair cut ever. Also have not had a razor cut for years. Despite walking out after the appointment in the rain my hair looks great next day. The people at the salon are great and it is definitely my new hair home’
Our client is offering a hand over period to ensure the continued success of the business.
The premises has recently been upgraded with stylish, modern décor and art. All salon equipment will be included in the sale.
There is ample scope to improve the already thriving turnover, such as employing more staff, pushing advertising, leaflet drops, and embarking on modern marketing schemes, such as treatwell.com
The business already has a highly active social media accounts and company website.
Early viewing is highly recommended. Viewings are by appointment only, please contact Hilton Smythe for further details
The business is owner ran with the help of 3 staff members.
Mon | Appointment Only
Tue | 10am – 8pm
Wed | 10am - Late
Thur | 10am - Late
Fri | 10am – 8pm
Sat | 9am – 6pm
Sun | 10am – 4pm
The business is located on Mare Street, Hackney, surrounded by a wealth of complimentary shops and businesses benefitting from a high volume of footfall.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
The area is also well served by the A-roads within easy driving distance of the business, which links to the motorway network.
Well-presented studio with excellent eye – catching signage. Due to the location, the business has a high volume of footfall.
The studio is newly renovated, with modern décor and fully equipped to suit the trade.
The sale includes;
- Back wash basin
- Hair stations and chairs
- Reception counter
- Till
- Make up stations
- Mirrors
The premises is upto date with fire and safety regulations.
Tenure
Leasehold
The annual rent is £36,000 pa
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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
Rates may differ as they are dependent on individual circumstances. Subject to status.
