Well Established Salon in Romford

Romford, Essex
REF: 04832

Asking Price:
£59,950
Annual Turnover:
£62,000
Annual Net Profit:
£22,000
Reduced
Recently Sold
REF: 04832
Photo of Well Established Salon in Romford
Photo of Well Established Salon in Romford
Photo of Well Established Salon in Romford
Photo of Well Established Salon in Romford

Overview

Tenure:
Leasehold
Established:
2010
  • Excellent Reputation

Since its inception in 2010, this business has rapidly cemented a strong standing within the community as a top-quality salon offering professional services.
Functioning as a tanning and beauty salon, the business has attracted a local customer base and generated healthy revenue year on year.
Well situated in a busy location, the business presents great scope for further development and is in excellent walk-in condition for a new buyer.

This is a fully functioning and well-operated salon which offers an exclusive range of unisex services which include: spray tanning, dermalogica facials, waxing, nail treatments as well as botox and filler clinics once a month.
Trading consistently all year round, the business has grown organically through word of mouth recommendations and through offering expert services and competitive prices.
Its qualified and trained staff ensure a reliable and friendly service, which guarantees repeat custom.

It functions from a sizeable building which features a large glass front with clear exterior signage across the top. Internally, the premises is comprised of a spacious customer seating area which includes a reception desk to the front. The sun beds and treatment rooms are positioned to the rear of the floor.
It features modern interior décor and features high-end fixtures and fittings.

With little advertising undertaken, the business is present on Facebook with a 4.7 rating and over 800 likes.

Intelligent Business Transfer are delighted to offer for sale this newly-established salon which offers an assortment of exceptional quality services to its local inhabitants and is primed for additional growth.
Established seven years ago, this business has experienced stellar growth and having cemented a reputation for its professional and personal service, has successfully generated high annual turnover of £62,000.

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

Employing more qualified workers would enable the salon to carry out more appointments on a daily basis, which would increase the weekly 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.
There is potential to introduce a mobile service, to effectively offer services to customers within their own homes.
The implementation of an online booking system and an e-commerce site would further boost revenue and allow customers to efficiently make appointments online and purchase beauty products online.
Furthermore, increased virtual marketing via social media and locally through leaflet drops would also aid growth and help increase exposure to the business.

Intelligent Business Transfer are searching for a suitable buyer.

Location

Property

Annual Rent
£1,100
Annual Rates
TBC
Lease Term (Years)
8 years - renews Aug '18
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
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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