Hairdressers Salons for sale in Sutton

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Established Hair Salon in Sutton

Sutton, London, England

  • Leasehold Price: £84,995
  • Annual Turnover: £105,312
  • Annual Gross Profit: £89,764
Seller Reference: 7270
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Business Description
 
 
 
 
 
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Seller Reference: 7270
Request Details
Business Description
Prominent Main Road Location
Accounts Available Year End 28th February 2020
Annual Turnover £105,312
Gross Profit £89,764
Accounts Available After Viewing
Well Presented Throughout
7 Mirrored Styling Stations
Excellent Online Reviews
Large, Repeat Client Base
Scope To Expand Range Of Services Offered
EPC - B
REF 7270 – Leasehold Hair Salon With Accommodation
Blacks Brokers are pleased to bring to the market this leasehold hair salon located in Sutton, Greater London.

INTRODUCTION
Hair & Scissors was established in this popular residential area of Sutton over fifty years ago, our client took ownership in 2006 and has since modernised the business. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook, Treatwell and other websites. Hair & Scissors has a strong social media presence.

LOCATION
Hair & Scissors occupies a main road trading position within a parade of residential properties, there are a number of other local businesses close by including a convenience store and cafe. There are a number of schools nearby as well as Cheam Park and West Sutton Train Station. The area is well linked by the M25 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

BUILDING LAYOUT AND DESIGN
Hair & Scissors operates from the ground floor of a spacious semi detached property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the salon is positioned to the front of the property with storage area, toilet and staff kitchenette to the rear of this. The salon is modern and well presented with seven mirrored styling stations and three back wash sinks.

STAFF
The business operates with one full time member of staff in employment in addition to our client working on a full time basis.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new lease will be offered with a rent of £1600 per month. The lease will be 10 years with a 5 year break clause and rent reviews every 3 years.

FINANCIAL DETAILS
Hair & Scissors has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 28th February 2020 show annual turnover of £105,312 and gross profit of £89,764. Full financial information is available after viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This reputable and long established business occupies an enviable trading position in a popular area of Sutton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new beauty services and longer opening hours, possibly new product sales and an online shop with appointment booking system. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Styling Stations x 7
Backwashes x 3
Trading hours:
MON: CLOSED TUE: 09:00 - 20:00 WED: 09:00 - 17:30 THU: 09:00 - 20:00 FRI: 09:00 - 19:00 SAT: 09:00 - 17:00 SUN: CLOSED
Tenure:
Leasehold
Location Details:
Sutton
Listed by:
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