Newly refurbished Beauty Salon business for sale

Leasehold: £299,950
Turnover: £425,000
Net Profit: Not Applicable

Hilton Smythe is delighted to present to the market a recently refurbished beauty salon arranged over 2 floors within a highly sought after London location.

The business opened its doors in 2019 following a complete refurbishment programme which cost our clients in the region of £200,000. All work was professionally designed to emphasise the clean crisp brand image which clients in the area demand.

As you can see from the internal photographs attached, the finish is extremely high end and will allow any new owner the ability to enjoy the growing success without any further asset investment required.

Work completed included -

New shop front
Air conditioning system
Bespoke curved privacy wall
Custom made cabinets & display shelving units
New electrics and lighting throughout
CCTV
Re-plastering & decoration
New staff facilities - coffee machine, washing machine, tumble dryer
All of the equipment and furniture will also be included in the sale

They offer the following services -

Manicures & Pedicures
Nail art
Eyelash extensions
Semi-permanent makeup
Facials
Ladies waxing

The business comes with full permission from the local council to carry out injectable treatment services however they have not added these procedures to their current list of services yet and this allows any new owner the opportunity to capitalize on the high demand for these treatments.

Our client currently uses the Treatwell Beauty site to generate a lot of their new clients, we feel further investing in new social media and business website platforms will allow the business to promote itself more independently.

Key selling points -

5 star Google customer reviews
Handover period offered
Lots of available space
Instagram - 123 followers
Long lease in place
Highly desirable location & footfall
Opportunity for significant growth
High end refit
Application permitted to carry out injectable services
Very rarely do businesses of this type, standard or location come on to the open market and we therefore strongly advise early viewing to avoid disappointment.

PLEASE NOTE - There is a £25,000 rental deposit also included in the price of the business.

Location
The business occupies a highly sought after trading position in London.

The beauty salon is surrounded by an excellent choice of independent retailers, cafes & restaurants which attract a consistent footfall throughout the day and evening.

There is a large pay and display car park just a few minutes’ walk away.

Premises
Ground floor -

3 nail stations
Customer waiting area
Disabled friendly customer toilet
2 x regular sized treatment rooms in the basement
1 x large sized treatment room
1 x pedicure area
Lower ground floor -

Office
2 x further treatment rooms
Toilet & shower room
Kitchen
Storeroom

Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is £4,166 per month and has £3,240 rates payable.

Please note - There is a £25,000 rental deposit also included in the price of the business.

Hours
The business hours are -

Monday – 10:00am – 9:00pm
Tuesday – 10:00am – 9:00pm
Wednesday – 10:00am – 9:00pm
Thursday – 10:00am – 9:00pm
Friday – 10:00am – 9:00pm
Saturday – 10:00am – 9:00pm
Sunday – 10:00am – 9:00pm

Staff
We are advised that the business has 5 full-time members of staff.

Financial Profile
We are advised as per the 2021 accounts, the business is projected to generate a turnover in the region of £425,000, with an adjusted net profit in the region of £100,000. Full financials can be made available upon further request.