Fantastic Hair & Beauty Salon

Sutton, Surrey
REF: 01661

Asking Price:
£30,000
Annual Turnover:
£50,000
Annual Net Profit:
£15,000
Recently Sold
REF: 01661
Photo of Fantastic Hair & Beauty Salon
Photo of Fantastic Hair & Beauty Salon
Photo of Fantastic Hair & Beauty Salon
Photo of Fantastic Hair & Beauty Salon

Overview

Tenure:
Leasehold
Established:
2001
  • Excellent Reputation
  • Accommodation Included
  • Huge growth potential

This is a very busy hair & beauty salon business with two bedroom flat, rear garden, double garage, and private parking. Established in 2001 and built from scratch, the salon has built up an enviable local community repeat clientele based on recommendation and reputation.

Offering a range of services including hair styling, massage, nails, tanning and pedicures & manicures, this is a well rounded and profitable opportunity. There is an extensive range of other beauty services that are on offer which include but not exhaustively semi-permanent make-up, waxing, and Microdermabrasion.

The premises are highly visible, set in a prominent position, beautifully decorated, well appointed, and tastefully presented throughout.

The main front salon has a superb feel and ambience, with large window elevation to the front, and comprising of 2 hairdressing stations, 2 nail stations, reception and client waiting area. To the rear of the premises it has, a spray tanning area, 2 fully kitted private beauty rooms, staff kitchen & WC, laundry room, and access to rear courtyard garden, double garage and 2 private parking bays.

All rooms are fully kitted with the relevant treatment equipment to include electric beauty beds, spray booth, airbrush compressor, wax pots, wash hand basins, paraffin warmers, and plentiful storage, decorated to a Laura Ashley style standard, and contemporary American film star themed art walls.

Above the premises is a well appointed 2 bedroom apartment, currently let on an assured short hold tenancy but could equally become owners accommodation if required.

Intelligent Business Transfer are extremely pleased to offer for sale this well established leasehold hair and beauty salon complete with 2 bedroom residential accommodation above.

From a cold start in 2001 as a singular owner operator, the business has progressed and grown year on year with a consistent turnover, and more recently became a LTD company.

This is a highly profitable opportunity with an average annual turnover showing £50,000, with a gross profit of £35,000, and an adjusted net profit of £17,660. For sale due only to a growing family, this is ideal for a single owner operator or partnership already working in this sector, and seeking their first business opportunity.

This is an already locally renowned business built on recommendation, client service and reputation there is further scope for an incoming operator to grow the turnover.

Offering a wide range of hair and beauty services, the business opens 5 days per week currently, Tuesday to Saturday. The annual rent of the commercial premises is £12,000.

The hairdressing clientele is currently split 90% ladies 10% gents, and is derived from a mainly middle class demographic ranging from 35 to 75 years old generally. Scope exists to add to an existing online and social media presence, although it is testament to our client that no heavy marketing has been undertaken to get the trade levels to their current healthy position.

Location

Property

Annual Rent
£12,000
Annual Rates
£2,028
Lease Term (Years)
15
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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