Well established unisex hair salon for sale
London, City of London
- Asking Price: £159,995 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £110,000 (due to Covid), with an adjusted net profit in the region of £80,000. In previous years, the business generated turnovers in the region of £168,000 and £145,000. Full financials can be made available upon further request.
Please quote reference B06009
- Tenure: Leasehold
Please quote reference B06009
Hilton Smythe welcomes to the market Avalon Hair Studios, London. This business has a long trading history, as it was first established in 2006.
The business trades as a unisex hair salon. The salon receives a generous amount repeat loyal clientele from locals within the area. Our client offers a range of treatments, this includes cutting, styling, perms, extensions and colours, to name a few. The salon also offers product sales of Kerastase offering an added income.
The business currently trades 5 days a week and generates a turnover in the region of £143,000.
Since establishment the salon has built up an excellent reputation, with the 5 star google reviews including comments such as –‘Salon was so clean along with professional service and staff, so happy , would highly recommend them.’ And ‘Another great haircut, a very professional and courteous team of stylists. Thank you.'
Our client is offering a hand over period to ensure the continued success of the business.
There is a business website with an online booking option, making it easy for clients to book their appointments.
The current owner also rents out 2 beauty rooms, generating a rental income of £14,400 per year.
Reasons to buy
- Excellent reputation
- Well established
- Scope to increase revenue
- Low overheads
- High footfall location
We are advised that the business has 2 full time staff members (1 self employed) and 1 part time.
The business hours are;
Tuesday- 9:00am – 6:00pm
Wednesday- 9:00am – 6:00pm
Friday- 9:00am – 6:00pm
Saturday- 9:00am – 6:00pm
Avalon Hair Studio is located Weston Park, Crouch End, North London in the London Borough of Haringey. The premises is situated on a parade of shops and a busy road which allows excellent visibility to passing traffic.
Customers can also benefit from convenient metered street parking directly outside the premises.
Crouch End lies between Harringay to the East, Hornsey, Muswell Hill and Wood Green to the North. Stroud Green and Archway to the South and Highgate to the West.
The closest tube stations being Turnpike Lane which is on the Piccadilly Line and Highgate which is on the Northern Line.
The premises is beautifully presented inside and out, with excellent eye-catching signage.
Upon entrance is the service area with 6 hair stations and 2 back wash systems. To the rear of the premises is a kitchenette and storage area.
The equipment included in the sale comprises of;
- 6 hairdressing chairs
- 2 back wash stations
- 2 Therapy rooms
- Waiting area seating
- Display shelving
- Cutting tools including dryers
- Till system
We are advised that the business is being sold on Leasehold Basis, with 8 years remaining on the 12 year lease. The rent is £1,187 per month