Thriving Hair and Nail Salon in London

London - South West, London
REF: 05428

Asking Price:
£20,000
Annual Turnover:
£92,000
Annual Net Profit:
£45,000
Reduced
Recently Sold
REF: 05428
Photo of Thriving Hair and Nail Salon in London
Photo of Thriving Hair and Nail Salon in London
Photo of Thriving Hair and Nail Salon in London
Photo of Thriving Hair and Nail Salon in London

Overview

Tenure:
Leasehold
Established:
2010
  • Excellent Reputation
  • Huge growth potential

Well-known amongst the local inhabitants of Richmond Upon Thames, this successful business is a fully-functioning salon, offering a range of professional hair and nail treatments.
Having grown continuously since its inception in 2010, this business has acquired a solid reputation and loyal customer base in the short time it has been trading.
With low overheads and high annual takings, this is a rewarding platform for a new buyer.
The current owners are looking to relocated, hence the reason for sale.

This is a well-operated salon which offers a range of services for both men and women.
Specialising in hair and nail treatments, the business is competitively priced and has amassed a loyal customer base through providing a timely, reliable and friendly service.
The business trades from a sizeable, double-fronted building which features clear exterior signage displaying the business name in large gold lettering above the entrance. Internally, the open plan floor is bright, well decorated and features a reception area. Four cutting stations, a nail bar and three wash basins are positioned on this floor. There is also a separate room for private nail treatments (currently sub-let for £200 per week) as well as a kitchen and toilet facility.
There is parking to the rear of the building for two cars.

Operating hours are currently 9am-6pm, Monday to Saturday. The business is closed on Sundays.
Trading consistently all year round, the business has grown organically through word of mouth recommendations and through minimal advertising.

Intelligent Business Transfer are extremely pleased to offer for sale this highly regarded hair and nail salon which offers a range of quality services to its local inhabitants and is primed for additional expansion.
Established seven years ago, this business has thrived and last year generated high annual income in excess of £92,000.
This is an ideal platform which will appeal to an existing owner-operator/nail technician or hair stylist looking to acquire a well-respected salon in this geographical location.

A new owner is presented with many possibilities to further grow the business.

Employing more qualified staff would enable it to carry out more appointments on a daily basis, which would increase the annual takings.
Hiring workers with specific expertise would also allow the business to grow its range of services to include a wider range of beauty services and it could potentially introduce a mobile service to successfully cater for customers in their homes.
With no online presence currently, the business could establish a website to assist advertising. This could include an online booking system to allow customers to make appointments more easily. Embracing social media would also be an effective tool for advertising.
Additionally, offering customer loyalty schemes, regular discounts as well as more seasonal packages deals would be a great way of guaranteeing repeat custom.

Intelligent Business Transfer have been tasked with finding an appropriate buyer. The vendor is willing to aid the transition for one month.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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