Fantastic Hair & Nail Salon in Sutton

Sutton

REF: INT2357

Asking Price:
£75,000

Annual Turnover:
£104,000

Annual Net Profit:
TBC

Reduced

REF: INT2357

Photo of Fantastic Hair & Nail Salon in Sutton

Overview

Tenure:
Leasehold

Established:
1997

Excellent Reputation
Friendly & Professional Team
Very Loyal Customer Base
Huge Growth Potential
Equipment Included

For sale is a highly reputable hair and beauty salon situated within an excellent trading position in Sutton, benefiting from high footfall and popular travel routes nearby.

The successful salon offers a fun and unique approach to hair and beauty treatments - having a bar within the salon with free alcoholic refreshments to entertain all customers.

Their extensive list of services includes – manicures, pedicures, hair extensions, men’s haircuts, nail art and gels, hair colouring, hair styling and more.

With an excellent array of treatments available, the salon offers an all-around service, making it a one-stop destination for all customers seeking hair and beauty services.

They boast a number of 5* reviews and have built a brilliant reputation throughout the local area and beyond.

This is a successful and thriving business that is situated within a highly popular part of Sutton, with plenty of transport links and shops nearby.

Offered on a leasehold basis, the current lease is set to expire in 7 years. The salon has a relatively low rent of £12,000 per annum including Property Insurance and benefits from being exempt from business rates.

The salon boasts five hair stations and two nail tables as well as a reception area, with the front of the business being glass fronted - bringing a bright and airy vibe. The sale includes all of the relevant equipment, fixtures and fittings as well as all available products (which are all Balmain).

Currently, the salon operates with four members of staff, including the owner-operator and three other hairdressers, with scope to grow their skilled team to meet demand.

With a good foundation already in place, there is still ample room for additional growth within this already popular business. With high demand already for what they do, expanding the team to allow them to service more customers would be a great way to capitalise on this.

Additionally, expanding on the business's current service offering to cover more beauty treatments - such as eyelash extensions and brow treatments - could also prove beneficial.

Furthermore, growing the business's social media channels on platforms like Instagram and Facebook would be a fantastic way to increase brand awareness and get in front of more potential customers.