Vibrant Hair and Beauty Salon in London

Bayswater, London
REF: S07099

Asking Price:
£199,995
Annual Turnover:
£400,000
Annual Net Profit:
£30,000
REF: S07099

Overview

Tenure:
Leasehold
Established:
2008
  • Well-Established and Longstanding
  • Exceptional Customer Service
  • Great Potential for Further Growth
  • Fantastic Location
  • Use of High-Quality Salon Products

The business for sale specialises in hair and beauty. Tendering to the people of London, the talented stylists cater to every look, ensuring the best customer service in town. Clients can escape the busy city life into a hub of relaxation.

Established in 2008, the business has grown from strength to strength and up for sale due to the owners impending retirement. Open every day 9.30-8:00 pm, Monday to Saturday and 11:00 am-7:00 pm on a Sunday. The salon resides next to a central underground station which generates a high footfall from passing trade.

The business is for sale on a leasehold basis.

The vendor would also be happy to consider taking on partnership on the business.

As customers approach the salon, they face a terraced property with a glass front, showcasing the various products on display in the window. Inside, the counter and till is on the right-hand side.

There are 9 hair stations, with 6 in use currently - allowing plenty of scope to maximise facilities. The current owners also use 1 out of 3 beauty rooms - a new owner could employ more staff to ensure more treatments and appointments are booked, thus increasing the sales turnover. The salon has an adjacent room with 3 backwash basins and various colour mixtures. Stylists are renowned at the salon for exceptional customer service and attention to detail. The beauty rooms are bright and clean with multiple equipment and machines.

The business currently has no active social media pages, allowing for the new owner to create and manage their own marketing strategy. Rated highly on Google Reviews, this reputation gives the new owner an excellent business platform to expand on.

Based in a prime London location, the business attracts ample clients, both regular and first-timers. This is an excellent opportunity to acquire a successful salon with plenty of scope for the future.

The owner could take advantage of the unused beauty rooms and hair stations, employ more staff and introduce new treatments. The new owner could massively profit from implementing a new marketing strategy to drive traffic online and into the salon.

The ideal buyer would be someone with experience in hair and beauty. The industry is thriving, and this business would suit someone looking to own and manage their own salon then take the current infrastructure to the next level. Equally, this opportunity would suit an existing trader looking to expand on their salon and purchase the business as a bolt-on accessory. The current owners are willing to stay on for a transitional period to help the new owner familiarise with the business operations.

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  • Close to the Underground
  • Car parking nearby
  • Good public transport links
  • Residential area
  • Local developments underway
Rent
£80,000
Rates
£33,000
Lease Term
20
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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