Our client is looking to sell her Tanning Salon in Central London in order to set up a salon closer to her home one hour away. The salon has been trading since 2011 and has built up an excellent reputation in a highly sought after location. Situated only a 20m walk from one of London's busiest train stations, the owner informs us there are no other independently run salons within a 40-minute walk allowing her to have the monopoly in the area. Marketing spend in the business is low and there is unused room in the salon where extra services could be provided. Scope to grow the business is huge!!
The business currently trades at around breakeven, but has previously traded at much higher levels. The owner informs us that the drop in turnover is due to a 'different method of taking payments'. Included in the sale are all of the assets / equipment including x3 stand up machines and x1 laying down machine. The owner estimates these alone to be worth in the region of £70k.
Support and Training:
Full training and on going support provided