For Sale
Well established Nails & Beauty salon for sale.
Battersea, City of London
- Asking Price: £99,500 +SAV
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Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £250,000, with an adjusted net profit in the region of £50,000. Full financials can be made available upon further request.
Please quote reference B06030
- Tenure: Leasehold
Please quote reference B06030
Hilton Smythe are privileged to offer to the market Sole Beauty (Clapham Junction).
Sole Beauty first established in Clapham Junction in 2009 and later moved to this current location in 2017.
Our client owns a number of other beauty businesses in London, however his decision to sell his busiest salon is due to the need to invest money into his other non-related business interests.
Any new owner may continue with the current trading name or re-brand to a new business name of their choice.
Sole Beauty offers the following choice of services –
- Shellac Nails
- Facial Treatments
- Body Waxing & Threading
- Eyelash Extensions
- Body Massage
- Own designed website
- Instagram – 678 followers
- Facebook – 181 likes
- Treatwell – 4.5/5 customer review score from 2,366 customers!
- Twitter – 52 followers
Our client informs us there is over 15,000 client details on its database with approx.. 3,000 active clients which will be passed over to any new owner.
There is a very loyal and highly experienced team in place.
On average monthly sales achieve around £20,000 per month however this figure can increase to £30,000 in the summer.
Our client admits a new Owner/Manager would benefit from a more ‘hands-on’ approach as he does not work within this business.
We also recommend any new owner look at any of the following areas to help increase sales and improve productivity –
- Add laser treatments & hair removal treatments
- Add Botox, fillers & non-abrasive treatments
- Increase the number of male clients
- Add an online booking system, business App
- Increase social media posts
- Add new Google-Ad campaign
Key Selling points –
- Unrivalled location
- Highly visible corner position
- Large windows to both sides of the building
- Over 10 years trading goodwill
- 2 x floors of Treatment space – the lower ground floor larger of the 2
- Opportunity to add further treatments
- Nil Business rates
We are advised that the business has 4 full time and 4 part time members of staff, 2 of whom are Self-Employed.
The business is currently trade;
Monday – 10:00am – 7:00pm
Tuesday – 10:00am – 7:00pm
Wednesday - 10:00am – 8:00pm
Thursday – 10:00am – 8:00pm
Friday – 10:00am – 7:00pm
Saturday - 10:00am – 6:00pm
Sunday – 11:00am – 6:00pm
Sole Beauty (Clapham Junction) occupies a highly sought after trading position along Lavender Hill (A3036) in Battersea, South-west London.
We believe the location of the salon makes it one the most desirable within area.
It sits directly in front of the large Asda Superstore, Lidl, Royal Mail & Boots as well being on the same parade as the Magistrates Court/Lavender Hill Police Station.
The business enjoys high footfall due to its close proximity to Clapham Junction mainline station and Underground station just 2 mins walk from the business.
The A3036 is the main link road from Vauxhall across to Wandsworth and therefore there is constant commuter traffic from both cars and buses throughout the day.
There is available metered parking in the adjacent streets and in the 2 x nearby supermarkets.
Due to the amenities and the UK’s busiest train station been on its doorstep, the area is highly populated which significantly helps the view of this business.
Ground floor –
- Open plan space with large windows to both sides
- 4 x manicure tables
- Client waiting area
- Reception desk – computerised database system
- Threading area
- Waxing area
- 3 x Treatment rooms
- 2 x further client waiting areas
- Bathroom
- Toilet
- Staff kitchen
- Store room/ Staff area
- Nail treatment tables & manicure equipment
- Pedicure baths
- 3 x treatment beds, storage and sink facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, with 12 years remaining on the 16 year lease. The rent is currently £2,500 per month. We are also advised that the business has £0 rates payable.
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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.
