Popular Hair & Beauty Salon in North London

Broadway, London
REF: 05542

Asking Price:
£130,000
Annual Turnover:
£375,000
Annual Net Profit:
TBC
REF: 05542

Overview

Tenure:
Leasehold
Established:
1985
  • Expert range of services
  • High annual turnover
  • Well fitted premises
  • Genuine retirement sale
  • Potential for growth

Popular with the residents of Muswell Hill, London, this is a long running and well-established salon, providing a high-quality range of services.

This is a fully functioning salon which offers an exclusive range of professional unisex services which include haircutting, styling and colouring, manicures/pedicures, waxing, threading, eyebrow treatments, facials, microdermabrasion, non-surgical face lifts, acne treatments as well as weight loss and cellulite treatments.

Trading constantly all year round, the business has grown organically through word of mouth recommendations and through continuously offering expert services. Its qualified and trained staff ensure a specialised and friendly service, which guarantees repeat custom.

This is a well-built platform for a new buyer, which has kept overheads low to generate high annual turnover. With firm foundations set, this is a turn-key operation which is ready for a new buyer to step into and run right away.

The salon operates on the ground floor. There is an impressive reception area with a large retail space, showcasing the prestigious brands on offer, like; Aveda, Dermalogica Skincare and KMS products. There is also a nail area, comprising a manicure and pedicure station, two therapy rooms, rear storage area and a WC.

This salon extends to the adjoining hairstyling section, with seven styling stations and two washbasins. In addition to this, there is a styling/colouring area which features another four styling stations and two washbasins. To the back of this area, is another WC and storage area. There is a back yard/garden which can accommodate several cars.

There are two upper levels, one is comprised of five bedrooms, a sitting room, WC, shower and kitchen/dining area, fully furnished and generating rental income for the owner. The second includes five bedrooms, two bathrooms, two WC’s and a kitchen/dining room. This is also fully furnished and occupied by tenants.

Established in 1985, this business has experienced stellar growth and having cemented a reputation for professional and personal service, has successfully generated high annual turnover in excess of £300,000.

This establishment presents many options for a new owner. It will suit an array of buyers such as two partners, a hairdresser or a beauty therapist.

The possibility to expand the business into the upper residential areas to use it as a training area would be beneficial to the business growth. As well as this, the upper level accommodation could be inhabited by the new owner if they desired or could be rented out to staff. Muswell Hill is a very affluent North London suburb with excellent connections to the city. There are currently a number of very large developments in the area, which would be ideal for a new buyer to take advantage of. The vendor is willing to stay on to aid the transition for up to six months.

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  • Busy street
  • Residential area
  • Close to complementary businesses
  • Ample passing trade
  • Heavy footfall
Rent
£72,000
Rates
£24,000
Lease Term
15
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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