Well Established Attractive Hair & Beauty Salon In North London For Sale

Description

Established in 2006. An excellent hair salon measuring approximately 300 sq ft (28 sq m), featuring real wood flooring and a chandelier. Facilities include a reception desk with till, waiting area, six workstations with mirrors and chairs, and two back wash basins. Additional fittings comprise display shelving, cutting tools, and dryers. Three beauty rooms with laminate flooring are included; these rooms are currently let and generate rental income of £640 per room per month, providing a total annual income of £23,000. Further areas include a kitchen, shower room, and cloakroom with toilet and wash hand basin. Location: situated within a parade on a busy road in a sought-after North London locality. Turnover: we are informed by the owner that current takings average £5,750 per week, with potential for growth through extended opening hours. It is advised that sales for the year ending 31 July 2023 amounted to £240,567, with a gross profit of £207,138. Staffing: the business is presently operated by the vendor one day per week, with the support of two full-time and one part-time members of staff. The wage bill is reported to average approximately £1,250 per week. Price: to include the secure lease, goodwill, fixtures and fittings at £170,000, plus assets and stock at valuation. Substantial loan available to an approved applicant.