Long Established Nail and Beauty Salon Based in Portsmouth

Southsea, Portsmouth
REF: S06879

Asking Price:
£40,000
Annual Turnover:
£45,544
Annual Net Profit:
£15,105
REF: S06879

Overview

Tenure:
Leasehold
Established:
2004
  • Well-Established
  • Variety of Services
  • High Quality Treatments
  • Ideal Location
  • Huge Growth Potential

The business on sale is a highly professional Nail salon with a specialist treatment room used for beauty treatments. Open Monday – Saturday 9.30pm-18.30pm, the current owner has built a respectable clientele in the affluent area of Portsmouth, Hampshire.

 

Established in 2004, the salon has retained its staff for many years, well-known for their high-quality and long-lasting treatments. Most customers are female and between the ages of 18-60. Focusing primarily on nails, the shop displays most of their designs on their strong and active Facebook account. Here the customers can leave reviews and based on the opinion of 91 people, the salon sits highly on a positive 4.6/5 stars.

 

The business for sale is on a leasehold basis.

The salon is on the ground floor over a single level. As you walk in the nail area is at the front with two pedicure stations. The treatment rooms and toilets are at the rear end of the shop. There is also a small kitchen and storage area.

Services include facials, waxing, nail extensions, manicures, pedicures, eyebrows and eyelashes tint/extensions, microblading and semi-permanent make-up. Prices range from £7-£150, also selling branded products in-store. All fixtures and fittings are included, as well as 2 (less than 12- month-old) pedicure chairs.

The stock is at value and can be discussed with the vendor.

Their main competition is from similar small salons based in Southsea such as Riva, The Beauty Clinic and Pebble Health. As the primary focus of the business is nails, there is the opportunity for the salon to expand by providing more treatments. Perhaps a tanning service would be popular in the area or the new buyer could venture into masseuse work.

To grow the business the new buyer could consider furthering their online presence. The impact of a website can affect customer engagement and increase appointment bookings if the site is easy to navigate. With a fantastic reputation known for its high-quality treatments, the salon has grown a very loyal customer base.

The ideal buyer could be another nail bar looking to expand geographically, or perhaps a beauty therapist looking to expand into a salon with nail treatments. The current owners are willing to stay on for a short transitional period to help familiarise the new buyer to the business.

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  • Seaside location
  • Fashionable and affluent town
  • Good transport links
  • Busy main street
  • Large footfall and passing trade
Rent
£9,600
Rates
TBC
Lease Term
5
Lease Expiry
###
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
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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