HAIR AND BEAUTY SALON, STREATHAM, SOUTH WEST LONDON
Price:
Leasehold - £95,000
Location:
London, Streatham
Business Type:
Service Businesses
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- 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 £120,000 pa with a net profit of £40,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner has other business interests. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving bustling Unisex Hair and Beauty Salon which has been established since 1978. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides hairdressing, all types of body treatments including manicures and pedicures
Staffing
The concern employs 5 staff who are part time. The total wage bill is £40,000. All staff would stay on after a sale.
Owners Role
The owners role is managing and overseeing the business and works as and when required.
Marketing
The owner markets the business in Groupon and Kgb Coupon Incentives.
Competition
As far as competition is concerned there is a small number in the locality but is no threat to the business.
Market
The client base consists of local persons, business persons and tourists
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 opening hours to include Sundays.
• Increasing the product line to include more retail associated products
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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.
- Situated in Streatham area of Lambeth in South West London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A216, A214, A23 and good railway links.
The original length of the lease was 14 years with 11 years remaining. The rent is £15,000 pa with a review in 3 yrs. The lease may be renewable or negotiable for longer term if required. The rates are £3,500
Monday to Friday – 10. 00 – 20.00
Saturday 10.00 – 20.00
Sunday - Closed
On the first floor there is a 3 bed roomed split level flat which is currently rented.
External
To the rear there is a huge 80ft garden
North Yorkshire
£ 750,000
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