| (REF: 2309) Leasehold Hair & Beauty Salon In Edgware Price Reduction |
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| Seller Reference: |
2309 |
| B4S Reference: |
29624 |
| Asking Price: |
£140,000
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| Net Profit: |
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| Sales Revenue: |
£61,772 |
| Number of Staff: |
4 |
| Established For: |
15 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Edgware, North London, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £60,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides hair dressing and comprehensive range of beauty treatments and therapies.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold hair & beauty salon which has been established since 1996. The business has been in the hands of the current owner since 2007 and she now wishes to sell due to ill health and family commitments.
Services
This very good business opportunity provides dressing and comprehensive range of beauty treatments and therapies.
Staffing
The concern employs 4 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business though localized leaflet drops, newsagents and the local health centre but does not have a website.
Competition
As far as competition is concerned there are other hair dressers in the area but none offering the same comprehensive range of beauty treatments and therapies.
Market
The client base consists mainly of local residents with good volumes of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and late evening trading.
• Increasing the treatments to include reflexology, laser hair removal and fish tank foot treatments.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £61,772. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £125,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 10 years with 9 years remaining. The rent is £15,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £3,000.
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Current Rent: |
15000pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the Deans Lane area of Edgware in North London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A41, A1 and M1.
- Stanmore, Burnt Oak and Borehamwood all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
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As far as competition is concerned there are other hair dressers in the area but none offering the same comprehensive range of beauty treatments and therapies. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and late evening trading.
• Increasing the treatments to include reflexology, laser hair removal and fish tank foot treatments.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
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now wishes to sell due to ill health and family commitments.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Tuesday to Saturday: 9.00am to 6.00pm
Sunday: 11.00am to 4.00pm
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The concern employs 4 part-time staff.
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