Profitable Hairdressing Salon In Bexleyheath For Sal

Description

Hair salon for sale in the Bexleyheath area of South East London.

The salon has been trading for more than 30 years. The current owner bought it around 10 years ago.

The owner later refurbished the salon and updated some of the equipment. The salon is open now and still has regular clients coming in.

The owner now has other work and family commitments, so the salon is up for sale.

Location

The salon is on a main road close to Bexleyheath.

There are supermarkets nearby, along with estate agents, pubs and other everyday shops. The surrounding shops bring a steady flow of people to this part of the road.

Financials

Turnover: £70,000 to £90,000 per year

Net profit: £30,000 to £40,000 per year

Rent: £11,500 per year

Business rates: none payable at present

Staff

The salon has four hairstylists, two apprentices and one other member of staff.

All of them are currently working from the salon.

A hairdresser taking over the business could work with their own clients from the premises if they wanted to. The salon can also continue with the people who are already working there.

Premises

The salon has seven styling stations and two backwash sinks.

There is also a reception and waiting area, a staff room with kitchenette, a WC and an enclosed garden at the rear.

The electrical wiring has been replaced and fixed electric heating is installed.

Lease

The premises are leasehold.

About 6.5 years remain on the current 15-year lease.

The rent is £11,500 per year.

Opening Hours

The salon currently opens five days a week.

The next owner can keep the same hours or change them depending on how they want to run the salon.

Extra Services

Hairdressing is the main service at the moment.

There is space to introduce other services if required. Nails are one option mentioned by the seller, as there are not many nearby businesses offering this locally.

Beauty treatments may also be possible depending on the type of service and the buyer's plans.

There are seven styling stations. A new owner could use the spare capacity for another stylist if needed.

Local promotion and social media have not been a big part of the business so far.

Who Could Take It Over

This would make sense for a hairdresser who wants their own salon without having to fit out a new premises first.

Another salon operator may also be interested, especially if they are looking for a second location around Bexleyheath or elsewhere in South East London.

The salon is currently trading, has people working there, regular clients and a long history in the area.