Beauty Salons for sale in London

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John Peacock (Feb 2017)
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Leasehold Price: £225,000 Price Reduced Annual Turnover: £165,689 Annual Net Profit: £43,047
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Business Description
Owing to an aborted sale, this unique business has become available again.

This is a very well run business and has an outstanding reputation. The owner has begun to re-direct their energies elsewhere after the last 10 years building and operating the business; turnover has reduced from c £400k but the platform remains; we believe an experienced operator will do very well from the clear operational capability in place

We urge interested buyers to contact us swiftly to gain access to further information on this fabulous opportunity

The Location is on a prominent street (and has parking directly outside) with good access to residential housing, local government offices, schools and businesses. The area would be described as very affluent

The business has a large client database willing to pay a premium price for the service. Of the 4,000 plus names on the database the owner believes approximately 70% are active and have had treatments in the last 2 years

Service levels are very high with properly qualified staff who are courteous and knowledgeable. This translates into high ratings, referrals and repeat visits

This is a lightly regulated business. All licenses are up to date – property, management and staff

The environment offers a relaxed and quiet atmosphere but at the same time is cosy and warm!

Turnover has averaged above £ 210k pa in the last 3 years. The business has great opportunities for growth and increased profitability. Gross Profit Margins are c 90% - higher than average. Seller earnings are £55k+ pa

Further information will be divulged to interested purchasers under a confidentiality agreement

Lease Information:
The lease has 9 years to run and costs £ 41k pa with 5 year resets allowed through to the term date. The Landlord owns the strip and is currently developing apartments above the premises

Growth Prospects:
The business can grow quickly by adding more staff and mining the existing database
The business does little marketing although it has a very good website
For further information and an in-depth conversation
contact Mark Devonshire at TBA - London City Group Limited
Mobile 07972 634 187
Trading Hours:

Number of Employees: 3

Tenure: Leasehold

Support & Training: 4 weeks

Listed by: Transworld Business Advisors

Find out more about this business opportunity.

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