Well-Equipped Hair & Beauty Salon in North London

Enfield, London
REF: S08186

Asking Price:
£40,000
Annual Turnover:
£74,169
Annual Net Profit:
£14,858
REF: S08186
Photo of Well-Equipped Hair & Beauty Salon in North London
Photo of Well-Equipped Hair & Beauty Salon in North London
Photo of Well-Equipped Hair & Beauty Salon in North London
Photo of Well-Equipped Hair & Beauty Salon in North London

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Well-equipped premises
  • Equipment included
  • Recently refurbished premises

This is a unique opportunity to acquire a well-equipped and reputable hair and beauty salon, which is based in Enfield, North London. The business was first established in 2018 and has grown steadily ever since its creation, while also gaining an excellent reputation and a loyal customer base in the local area.

The experienced staff members offer a varied range of hair treatments, including wash and blow dries, keratin smoothing treatments, and a wide choice of hair colouring options. They also provide gentlemen’s barber services and children’s haircuts. The company currently has a client base comprised of 80% females and 20% males.

The business has a prime location in the heart of Enfield and aims to be local customers’ go-to salon for all hair styling needs. The salon mainly focuses on hair, but a freelance beautician rents space within the premises. The company is extremely well-known in North London and even has a two-month waiting list for their esteemed hair services. This business will transfer over with the sale, ensuring a steady revenue for the new owner.

The company’s brilliant reputation is further enforced by the hundreds of highly positive reviews, which the business has amassed on Treadwell, Facebook, and Google. The salon also has a brilliant social media presence, which acts as a great sales window for the business.

The premises are located a five-minute walk from Enfield station, on the edge of the town centre and along the busy A110. Due to this excellent location, there will be plenty of passing trade for the new owner.

The business is based in a small rank of shops, on the ground floor of a three-storey building. Upon entry to the glass-fronted building, you find yourself in the immaculately decorated salon, with a reception desk to the left and four hair stations to the right. Further back, there is also an extra hair station. The salon has two washbasins on the premises and has two doors to the rear, which lead to a beautician’s room and a kitchen, toilet, and garden.

All equipment will be included in the business sale, which means the new owner will be able to get to work straight away.

The current owner is happy to provide a business handover, ensuring there is a smooth and efficient transition.

This would be the ideal opportunity for an owner-operator, who has experience as a working stylist.

There is huge potential for growth with this business, as there is already a two-month waiting list. Hiring extra staff could be a great way to increase revenue and cater to the popular demand for the salon’s brilliant services. The brand name is also incredibly well-known in the North of London, so there is massive scope to expand the number of salons.

The business already has an excellent, easy-to-use website and a fantastic social media presence, with 2,000 Instagram followers and 300 Facebook followers. It would be a great idea for the new owner to continue utilising and optimising these channels.

Features

Online Presence

Location

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  • Nearby car parking
  • Good transport links
  • Residential area
  • High footfall
  • High-street location

Property

Annual Rent
£18,600
Annual Rates
TBC
Lease Term (Years)
25
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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