Hairdressers Salons for sale in Barking

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David Binder (Nov 2017)
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Leasehold Price: £75,000 Turnover: £78,000
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Business Description
Business
Glitz n Glamour has been established for 15 years and has been trading from its current premises for 10 years.

This is a multi award winning professional salon specialising in Racoon Hair Extensions, application of weft, bonded and hair in recovery, TIGI Copyright Colour, Permanent Hair straightening, Kerastraight Smoothing service, Cutting & Styling.

It also rents rooms to a beautician and semi-permanent make-up specialist and due to have a tattoo service from September 2018.

Location
The business is located along a parade of shops in Barking, Essex.

Premises
PREMISES & EQUIPMENT
The premises benefits from a shop front presence with ample parking for customers to use.

As you walk through the front door you are greeted with the reception desk which houses the IT equipment, the hairdressing section is located along the right-hand side of the premises with the hair washing and dying facilities to the rear.

To the left-hand side are 3 treatment rooms, one is currently being used as an office until the tattooing starts in September 2018. Behind the main salon is the toilet and kitchen, which leads to a courtyard garden.
Equipment:
● 6 x salon chairs
● 6 x hairdryers
● 6 x long mirrors
● 3 x trolling
● 2 x display cabinets
● 2 x hair washing stations
● 1 x sunburst 4500 sunbed
● 2 x overhead dryers
● 11 x GHDs
● 1 x safe
● Washing machine
● Tumble dryer
● Fridge
● Freezer
● Tabletop microwave
● 1 x computer system
● 1 x printer
● 4 x CCTV
● Alarm system
● Shutters

Tenure
This business is a leasehold opportunity, with 4 years remaining from the original 14 years.
The rent is £13,750 per year with rates at £360pcm.

Hours
The salon is currently open 4 days a week;
Tues - 10am-6pm
Thurs - 9:30am - 8pm
Fri - 9:30am-6pm
Sat - 8:30am-4:30pm

Staff
2 full time staff members.
2 part time Saturday staff members.

Financial Profile
The business has a projected turnover of £78,000 with a SAV value of £15,000, the turnover can be significantly increased by opening the salon 6 days a week.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04117
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