Busy and Profitable Hair Salon North West London For Sale
GUIDE PRICE £70,000 (Furniture / Fixtures included)
Sales revenue: £233,000
Net profit: £39,500
Situated in a well-to-do suburb and in a busy shopping and coffee-culture location is this thriving hair salon. The business is being offered for sale as a profitable going concern and is still capable of further growth.
The salon has 10 hair styling stations, 7 staff including the two working owners and a receptionist, and offers a modern and airy space in which to work and do business. The local reputation is excellent and there has been a salon in the location for many, many years.
The business benefits from being in a busy parade with ample parking right outside and nearby. There are various other neighbouring businesses such as restaurants, a supermarket, furniture stores, post office and other mixed retail and catering outlets. The area is affluent and well-populated giving a huge existing and potential local marketplace.
This is proposed as the sale of a limited company (although other structures may be considered) and a full Information Memorandum is available. Please enquire or complete and return the NDA.
Lease terms: For the location the rent is considered quite modest. A secure lease is in place.
Leasehold rent: £13,250 per annum
Location: N W London.
Premises details: Ground Floor with a large shop window and level access. There is also a small rear storage and access yard.
Expansion potential: At present the business is only open 5 days a week and scope exists to increase the opening hours and days. Also there is space to employ more staff or offer chair rental.
Competition / Market: The business is in a very busy location and there are other salons nearby but the commercial area is prosperous and fully occupied.
Reasons for selling: Health reasons.
Trading hours: Tues - Saturday, various hours.
Employees: 7 inc. owners
Support & training: Full handover offered. The current owners wish to pass the business over in an efficient and managed way. They are also able to consider remaining employed in the salon for a period.