Advert Ref: HD.02.19.100.WL

Hairdressing Salon – Westminster London Sw1 For Sale

  • Westminster, London
Asking price:
£99,950
Sales revenue:
£279,070
Net profit:
Undisclosed

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County Business Sales are proud to offer to the market this attractive, up market hairdressing salon located in the heart of Westminster. Established in 2000, the salon offers a commitment to innovation and creativity that has kept this salon at the forefront of cutting-edge hairdressing. The salon has a 4.7/5 rating from 1419 reviews on the Treatwell website. Confidential Sale-Viewings strictly by appointment only.

Property:
Leasehold
Lease terms:
A new ten-year lease will be available to a buyer (subject to status), with a rent review five years after. We are advised that the new rent will be set at a £39,000 per annum.
Premises details:
The salon, measuring in the region of 980 sq ft, boasts a highly modern, bright and spacious interior, with marble tiled floor and ceiling spot lights. The salon has fourteen styling stations arranged in two rows of five plus one row of four. There are four backwashes, a complimentary juice bar, a mixing room, a fully fitted beauty room (currently not being used) and a kitchen and staff room to the rear.
Size in square feet:
980
Energy Performance Rating:
D

Expansion potential:
This is a genuinely exciting opportunity, a sensibly priced, profitable salon located in an affluent and sought-after location. A full-time working owner could expect to achieve a higher turnover and Net Profit by saving on staff costs and having a more hands-on approach to the business. In addition, there is the option of converting some of the floor space to beauty rooms, to open on Sunday’s and to increase retail sales which at present only amount to 1% of the current turnover. More could also be done in regard to the business’s website and its Google optimization. There is currently no Facebook page or Instagram account for the business

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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