Established Hair Salon in South East London

Croydon, London
REF: S05867

Asking Price:
£35,000
Annual Turnover:
£120,000
Annual Net Profit:
TBC
Under Offer
REF: S05867

Overview

Tenure:
Leasehold
Established:
1998
  • Highly skilled hairdressers
  • Busy high street location
  • Close to public transport links
  • Specialist treatments
  • Excellent Reputation

For sale is a popular Hair Salon specialising in an expert range of hair care services based in a prominent high street location in Croydon, Surrey. This business has garnered a solid reputation within the vicinity and has experienced excellent profits since its inception in 1998.

Owned by the current management since 2003, the hairdressing business has garnered a large customer base within the African community for its skilled expertise in African hairstyles.

This is a well-operated and popular hair salon which offers a high-quality range of services including: hair cutting, styling and colouring whilst accommodating various and specialised hair types. Due to its range of services and excellent reputation, the business has acquired a large and loyal customer base.

Internally the premises showcase a spacious and open plan shop floor. There are 16-20 cut/wash and styling stations. Located to the rear of the store is a storage room.

The business is prominent within the area for the excellent service provided by the skilled hairdressers. The salon which specialises in a range of ladies’ hairdressing pays particular attention to African hairstyles and the expertise applied in providing beautiful results.

Trading consistently all year round, the business has grown organically through word of mouth recommendations from its satisfied customers.

The current owner has worked hard to gain a strong reputation, successfully expanding the customer base and generating a high annual turnover in excess of £120,000.

Despite nurturing expanding profits, there are ways in which the business could be developed further. Whilst the business has progressed well without an online presence, establishing a website or promoting via social media would provide a commercial advertising solution to increase exposure and enhance trade.

A potential buyer could also increase the amount of services the hair salon has; introducing more health and beauty services would allow customers to purchase hair and beauty packages. This in turn would increase profits.

Overall, this is an attractive opportunity for anyone who is looking for an affordable and profitable business. The current owner is willing to stay on for a minimal transitional period of 2-4 weeks, if needed, to show a new owner how the business operates.

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  • Bustling high street in Croydon
  • Heavy passing footfall
  • Complemented by neighbouring retail stores
  • Little to no competition.
  • Easily accessible
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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