HAIR/BEAUTY SALON SHEPHERDS BUSH LONDON
Price:
Leasehold - £45,000
Location:
London, Shepherds Bush
Business Type:
Service Businesses
• 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.
• The owner has recently invested more than £70,000 on refurbishing the premises which is very well equipped.
• An established business.
• Good loyal clientele.
• A specialist business catering for the local Muslim community as well as locals.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess 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 owners wish to pursue other business interests.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.
• Ideally located concern offering excellent lifestyle.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very well presented hair and beauty salon which has been established since 2006. The business has been in the hands of the current owner since 2006 and they now wish to sell due to other business interests.
Services
This very good business opportunity provides an array of services including massages, facials, hair, waxing, and nails.
Staffing
The concern has only self employed staff. This can vary in numbers but there are usually 2 or 3. The manager works full time and he is paid £17,000 per annum.
Owners Role
The Owner of the business is a sleeping partner. He only has a minimal role in the business.
Marketing
The owner does no marketing for the business.
Competition
As far as competition is concerned there are other salons in the area but the business is unique in that it caters for a large array of customers.
Market
The client base consists of the local community which is very mixed.
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 evenings and Sundays.
• Increasing the product line to include more retail products.
• The business would be more profitable with a working owner.
• Working more hands on hours and saving on wages.
• With the introduction of a website.
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 and is approximately 30 ft x 40 ft. The front is branded with an attractive glass front. The main hair studio is very spacious and has 4 work stations and is fully equipped. To the rear of the premises is a beauty salon which is again fully equipped and has a separate entrance, ensuring discretion.
There is plenty of storage space throughout the building.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £25,000.
Financial Details
The present turnover is £40,000 per annum with a gross profit of 90%. The wages are £18,000 pa. The present value of the stock is £3,000 and the fixtures fittings and equipment are worth £25,000.
In 2008, the turnover was £35,000. The potential turnover of the business within the next 2 years is forecast to reach £100,000 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.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
This concern is situated on the main Uxbridge Road in Shepherds Bush in London. It is a very busy main arterial road with a huge array of businesses close by as well as banks and all other types of amenities. It has a very densely populated residential area surrounding it and good parking locally. This is a very up market part of the city and is very vibrant with a very mixed community and a heavy working population.
The A4020 Uxbridge Road forms a very god link around the city.
The original length of the lease was 12 years with 9 years remaining. The rent is £17,000 pa. The rates are £7,300.
The business operates from Monday to Saturday between 9.30am and 6.30pm.
UK Non-Specific
£ 800,000
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