Well established Hairdressing business for sale
London, City of London
- Asking Price: £105,000 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £82,000. Full financials can be made available upon further request.
Please quote reference B06532
- Tenure: Leasehold
Please quote reference B06532
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Mantelle Hairdressing Limited which is a well-established Hairdressing business with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular local business in an area teeming with customers.
Mantelle Hairdressing was founded by the current owner in 2017 and the business has been a real labour of love for her accruing a fantastic reputation and many regular customers.
The business is now being sold, albeit reluctantly due the owners wish to relocate to New Zealand. She is keen to see this opportunity to own a purpose built hair salon in such a prestigious area, passed to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Mantelle Hairdressing currently offers a wide range of hair treatments and services in a relaxed and friendly environment. The business prides itself on its range of services and treatments in a tranquil atmosphere and provides friendly advice on everything required to keep their customers hair beautiful and in top condition. Services include;
- Wash Cut & Blow-dry for both men and women,
- Colouring techniques including semi permanent and permanent tints
- Highlights and modern techniques such as balayage and freehand colour.
- Wedding, evening hair up and prom hair
The business also carries brands that are in line with the business views including a range of products that are cruelty free with recyclable packaging that are themselves made from recycled ocean waste plastic.
The sale of the business will include the company website ( www.mantelle hairdressing.com), Facebook, Twitter and Instagram pages and the business enjoys great reviews on a number of platforms on the internet. Has an online booking system with 475 customers, along with their contact details.
Scope to improve -
- Rent chairs or employ additional stylists
- Advertising and marketing campaign. Most of the current trade comes from existing customers and word of mouth referrals.
- An effective marketing campaign could increase business considerably
- More social media presence.
- A revamp of the website.
- Extend the opening hours, the business is currently being run at a pace to suit the owner.
- Introduce additional beauty treatments
- Well established business with an enviable reputation and many existing customers
- All fixtures and fittings included making this a real turnkey business opportunity
- Prime trading position in a salubrious part of London
- Current owner happy to offer a handover to ensure the continued success
- Low running costs with inexpensive rent and no business rates
This lovely little business is likely to attract considerable interest.
We are advised that the business is owner run and managed.
The business open hours are By appointment. You would be able to open any time from 8am til 10pm everyday.
Mantelle Hairdressing Limited is located in an upmarket, exclusive courtyard in Bloomsbury, Central London.
Bloomsbury, in the West End of London is considered a fashionable, affluent residential area and is the home of numerous cultural, intellectual and educational institutions.
The location, design and rental price are the biggest drawcards of this business. It is situated in the affluent area of Bloomsbury, within the same courtyard as Le Cordon Bleu Cookery school, London Review bookshop, a Davy's wine bar and other sought after retail businesses, next door to Bloomsbury square and the British museum.
There is a public car park within easy walking distance of the busines, and there are three tube stations within very close distance.
The business is beautifully presented and maintained with a pleasing upmarket feel, it incurs a service charge which ensures that the building is well maintained and secure.
There is a reception desk, a twin backwash, separate customer/staff toilet, ample storage and a customer waiting area on the mezzanine floor.
The owner has built it from scratch so all fixtures and fittings have either been made bespoke or chosen for how well they fit within the space and for their aesthetic qualities. Everything has been very well looked after by the careful owner. The salon has 4 styling stations with chair, mirror, shelf and hairdryer, twin backwash basins and a private waiting area on the mezzanine floor that can accomodate 3 people. It also has a galley kitchen with stock cupboards, plenty of storage throughout the salon, and a seperate toilet with wash basin.
Every detail has been attended to and designed with the client's experience and the stylist's comfort in mind. These things include a high spec specialty boiler, comfortable high spec backwash basins, styling chairs, sound system, teak mid century furniture, 'heals' pendant lighting, the waiting area has a bespoke wooden bench seat, is comfortable and private. The colour scheme is neutral while the whole salon has a modern minimalist feel. The electricity has all been completely wired from scratch so all power points are in the best positions and the lighting has been thoroughly thought through.
We are advised that the business is being sold on a Leasehold basis, a new 10 year lease has been agreed with the landlord, with a 5 year, tenant only break clause.
Rent: £13,250 per annum. Exclusive of the service charge, which is around £2,300 per annum.