Hilton Smythe are delighted to present to the market R and V Hair and Beauty, established by our client in 2014 and now reluctantly offered to market due the pressures of a young family.
Our clients spent in the region of £100,000 3 years ago transforming the unit into a contemporary city centre salon with lots of work stations and private beauty rooms. The large salon offers a range of services including full hair colouring and cutting services and beauty services such as nails, massage, waxing, threading, facials, reiki, reflexology and make up to go.
The business can offer full pamper sessions, hen parties pampering sessions and out of hours appointments.
Our client cleverly mixes the business between employed stylists and rented out spaces or rooms. The rental income is in the region of £28,600 which easily covers the total units rent.
The business currently advertises on yell.com, Facebook and Groupon however a new website would help new customers know the full range of services offered.
Our client is happy to offer a full handover to assure smooth transition of ownership.Location
R and V Hair and Beauty occupies an enviable central trading position on South Street , Romford. South street is the main high street running through Romford town centre and the business is positioned alongside the main high street brands including Marks and Spencer, Superdrug, Burger King and Santander as well as other independent retail outlets.
Romford is a large town in East London, located 14 miles northeast of Charing Cross and is undergoing massive redevelopment including the extended Liberty Shopping which is located on the same side as this business and will offer hundreds of new homes and apartments.
Romford man in line station is 2 mins walk from the salon as well the town's main bus station. There are 2 main car parks directly behind the salon.
Romford is connected by the A12 link road which leads commuters from Essex to London and also connects to London's orbital motorway the M25.Premises
Reception area with reception desk
2 x glass window display units for retail products.
3 x nail bar sections and Pedicure area, (all equipment in these sections are not owned by our client and not included in the sale.
8 x Hair stations - each with own mirrors and storage shelving units.
3 x Beauty stations - each with own mirrors and storage shelving.
Treatment room 1 - inc electric treatment bed, waxing equipment and mirror.
2 x back wash stations.
Staff kitchen - wall and base units.
Staff toilet and shower room.
1st floor - waiting area with leather sofas.
Treatment room 2 - treatment bed, sink, mirror and storage shelving.
Treatment room 3 - double in size of previous room and includes large sink unit, mirror and storage shelving.
Treatment room 4 - same size as room 2.Tenure
We are advised Leasehold.
The original lease length is 15 years.
As of 2017, 12 years remain.
Rent is £45,000 per annum.
Business rates are currently £13,000.Hours
The business currently opens:-
Monday to Wednesday 9.30.am – 6.00pm
Thursday and Friday 9.30am to 7.00pm
Saturday 9.30am to 6.00pm
Sunday 10.30am to 5.00pm.Staff
The business is Owner run with the assistance of 6 part time Hair and Beauty Therapists.Financial Profile
According to the 2017 accounts, turnover is reported in the region of £150,000 with a gross profit at circa 90% and adjusted net of £78,000.