STUNNING BEAUTY SALON IN CROYDON - PRICE REDUCED
Price:
Leasehold - £35,000
Location:
Surrey , New Addington, Croydon
Business Type:
Service Businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £32,000 with the potential to greatly increase (See financial summary below).
- A business with great potential which has not been exploited because the owner has insufficient time to invest in the business due to being a single Mother with another salon to operate.
- An easily run operation.
- Good loyal well trained staff.
- A fantastic first time buyer’s business opportunity.
History
Phoenix Business Transfer Agents are delighted to place onto the market this beauty salon which has been established since 2002. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to family commitments.
Services
This very good business opportunity provides tanning, nails, massage, facials, waxing, pedicure and manicure.
Staffing
The concern employs 2 staff. 1 is full time and 1 is part time. There is also a manager. All staff would stay on after a sale.
Owners Role
The owners’ role is Managerial and she works 2 days per week at this salon.
Marketing
The owner markets the business with some leafleting and has no website, showing a major opportunity to develop and increase business through a strong marketing strategy.
Competition
There is some local competition with Head Office but a strong marketing strategy and good pricing will put a new owner in a very strong position.
Market
The client base consists of a local but high density population.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more branded beauty products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
Ground Floor
On the first floor there is a spacious and well designed reception and waiting area, to the rear are two tanning rooms and a well equipped beauty treatment room.
First Floor
On the second floor there is a private apartment with independent access which is not included in the lease.
Financial Details
The present turnover is £33,000 per annum.
The potential turnover of the business within the next 2 years is forecast to reach £52,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
- Situated in New Addington area of Croydon in Surrey
- Prominent location close to Biggin Hill Airport
- Part of a parade of shops
- Excellent parking facilities right in front of the salon
- Surrounded by densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
The original length of the lease was 5 years with 2.3 years remaining. The rent is £15,000 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £3,390 pa.
Monday 10 am to 6 pm
Tuesday 9 am to 6 pm
Wednesday 10 am to 6 pm
Thursday and Friday 10 am to 8
UK Non-Specific
£ 800,000
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