Hairdressers Salons for sale in Ilford

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Beverley Iles (September 2016)
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Leasehold Price: £69,995 Turnover: £71,883 Gross Profit: £44,769
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Business Description
BUSINESS
Hilton Smythe are slighted to present Osa's Hair and cosmetics business to the open market, established by our client in 2014.  The business enjoys year in year increase in turnover which will only now increase due to the improvement on Goodmayes station.

Our client is looking to sell now as needs to concentrate on other businesses interests not in this area.

Osa's Hair & Cosmetics Centre specialise in hair and beauty products, most especially African, Caribbean and European Hair and Cosmetics products. Also the retail of professional clippers, trimmers, hair dryers, straighteners and hair accessories.

The vast array of products help to nourish, replenish, repair, moisturize, promote growth, control & shine hair while the choice of body creams and lotions help to beautify the skin using natural ingredients to allow the skin to breath. There is choice of make-up including nail varnishes, foundations and eyelashes.

Accessories include wig heads, latex gloves, brushes as well large range of hair accessories including wig caps, pins, make up brushes, combs, Durag, razor blade, scissors, needle, threads, glue, barber accessories, Wahl clippers and oils and gels.

They stock hair pieces, wigs, extensions, braids both human and nonhuman hair types. There is the no 1 hair product in the area with 1441 instagram followers and nearly 5000 page likes on Facebook.

Previously, the shop has operated as an off licence and still holds an alcohol licence with A5 use in place allowing the business type to be changed if required.  Due its location we believe the premise would also make an ideal cafe business.

LOCATION
Osa’s hair and cosmetics shop occupies an enviable trading position directly facing Goodmayes TFL overground station.  The sought after unit on Goodmayes road links directly to the high road, the main link from Ilford to Romford. The A12 is the main link road to Brentwood in the 21 miles east and London 13 miles west

A newly extended large Tesco store is around the corner from the business and allows 3 hours free customer parking.  There is also a pay and display car park directly in front of the business

Queens hospital is less than 5 mins away.

The area attracts a large number of commuters to central London and the ongoing transformation of the Goodmayes station will decrease the journey times to both Essex and connecting services to London.

PREMISES
Ground floor level - 2 x window displays with floor to ceiling suspended window shelving,

l shaped service counter with till point and card machine.

Product shelving to left and right with hanging hooks for accessories.

Central aisle with 2 sides and rear shelving unit.

Lower ground  - currently under utilised by our client however could be rented out as an independent salon or used to complement the wig fitting side of the business. Includes under stairs storage, small kitchen area.

Recently refurbished salon room with 2 hair stations and mirrors, 2 x hood dryers, storage shelving with separate wash basin area and staff /customer toilet.

 

TENURE
We are advised leasehold.

The original lease length 10 years.

As of 2017, 5 years remain.

Rent is £15,240 per annum,

£0 rates payable currently.

HOURS
The business currently opens:-

Monday to Saturday 9.00am – 8.00pm.

Sunday closed.

STAFF
Owner and his wife with 2 x part-time staff.

FINANCIAL PROFILE
As per the 2016 accounts, turnover is reported at circa £72,000, with a gross profit at circa 62%.


Tenure: Leasehold

Listed by: Hilton Smythe
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