Hairdressers Salons for sale in London

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John Peacock (Feb 2017)
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Leasehold Price: £93,292 Turnover: £130,000
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Business Description
Business
Hilton Smythe is delighted to welcome to the market this well-established and busy hair, health and beauty salon in Holloway.

Salon Zone Boutique was established by our clients in 2015 and is only now being offered to the market due to our client’s desire to move area. The business operates 6 days per week and generates a turnover in the region of £130,000 per annum.

Our clients offer a wide range of hair and beauty services including unisex hair styling, coloring techniques, manicures, pedicures, sun beds and waxing to name a few. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout.

The business has built up an excellent reputation within the city for the high-quality services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours.

A new owner could also embark on a small marketing campaign to highlight the business and the services offered. The business already has an excellent website.

This is an excellent opportunity for a new owner to acquire a busy hair and beauty salon in a prime trading location; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Holloway is an inner-city district of the London Borough of Islington, 3.3 miles north of Charing Cross, over which follows the line of the Holloway Road.

At the centre of Holloway is the Nag's Head commercial area which sits between the more residential Upper Holloway and Lower Holloway neighbourhoods.

Holloway has a multicultural population. It is the home of Arsenal Football Club. Holloway is in the historic county of Middlesex.

Premises
The business occupies the ground floor of a purpose built, terraced shop unit and briefly comprises;

Salon

Windows and glazed door to front creating a light, airy and inviting interior, generous salon which is fastidiously maintained and presented with a lovely high class feel, cleverly designed to maximize the space available,

• Bespoke counter with phone,
• Card machine
• Appointment book,
• Freestanding glass display cabinet,
• Floating shelves used for the display of hair products,
• Wall mounted silver mirror,
• Black effect chairs providing a comfortable customer waiting area.

Equipment-

• 4 hairdressing styling chairs
• 4 wall styling mirrors
• Hairdressing trolleys
• 2 sofas/ seating areas
• Nail desk
• Technician chair
• Client chair
• Sunbed - standing one with changing cabinet
• 2 base washes
• Trolley
• Teeth whitening machine
• Cryolipolisis machine
• Cavitation and RF handles

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 10 years.

Remaining lease length: 8 years as of 2018.

Review period: 5 years.

Rent: £15,000 per annum.

Hilton Smythe are advised the business rates are £6000.

Hours
Monday 10am–7pm
Tuesday 10am–7pm
Wednesday 10am–7pm
Thursday 10am–7pm
Friday 10am–7pm
Saturday 10am–7pm
Sunday Closed

Staff
The business is run by our client with the help of 1-part time and 3 full time members of staff.

Financial Profile
Salon Zone Boutique generated an advised turnover of circa £130,000 as of the 2016 accounts, with a net profit off £70,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04341
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