Description
This popular and profitable hair and beauty business is prominently situated in SW London. This is a stable business and has been established for over 25 years. It is run professionally by the current owner who has built an enthusiastic and talented team to work in the business. The salon is fully equipped and well maintained. It attracts a broad range of loyal customers from the local area. The current owner has another business interest and spends just 20 hours a week in the salon.
Further Details
Asking Price £120k
Staff: 5
Turnover: £126k
Rent : £1,000 per month
Staff costs £45K
The business consistently generates £10,000 plus revenues per month
Property Details : Leasehold (until 2024 with option to renew)
Discretionary Earnings - £60k
Key Features:
- Current business is established 25 years and generates stable revenues
- Experienced and loyal team in place
- Beauty Salon + 2 Treatment Rooms
- Low Rent
- Beautifully presented, well-maintained
Location: The business occupies a prominent trading position close to a busy shopping area in SW London. Ample street parking in the immediate area.
Reason for Sale: Oher Business Interests
Potential Growth: Great potential for expansion and development. Current owner is only working in the business 2o hors a week and in the hands of a full-time owner/manager the business will grow further.
Our View:
This is a perfect opportunity to acquire a superbly located and stable hair and beauty business in a location that does not come up very often. The low net rent makes a hair and beauty business exceptionally profitable.
PLEASE NOTE:
Financing may be available for qualified buyers.
For additional details or to arrange to view the business, please contact Transworld Business Advisors UK on +44 (0) 1372 540 989 or via email at jsweeney@tworlduk.com..
Listing Details
- Listing Number: 62394-743736
- Location: Greater London, England
- Price: 40,000
- Down Payment: 0
- Sellers Discretionary Earnings: 60,000
- Category: Beauty Salons & Supplies
- Inventory: 1,000
- FF&E: 0
- Employees: 5
- Years Owned: 5
- Reason for Selling: Other business interests