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Hairdresser / Barber Shop for sale

The Mound, London, SE9

45 sq. m. | £29,950

Property Description

Commercial information

  • Business for sale
  • 484 sq ft (45 sq m)

Key features

  • REF: 2853
  • LEASEHOLD

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to introduce to the market Mirror Images a beauty salon close to London City Centre.

The business was originally established in the 1950's but was taken over by our client very recently in 2011. Our client is now looking to sell the salon due to the desire to reitre.

The area is fantastic for business with most of the trade coming from locals, this is mainly down to the reputation for the great quality service provided and the word of mouth referrals. In the area is minimual competition benefitting the business further.

The current turnover for the business is around 44,000 per annum. We believe this could be increased by extending trading hours. The new owner could also look into hiring more staff, there is currently 1 part time member of staff working with our client. With more staff and extra hours there will be an increase in clients, therefore boosting the revenue generated and higher profits.

This modern hairdressers offers a range of products and services at great prices. There are 4 styling stations and 2 back washes. This is a fantastic sized property, well equipped for the trade.

This is the perfect opportunity for a buyer looking for a profitable well known salon with a great clientele. We highly recommend early viewing to avoid disappointment.


LOCATION
Mirror Images is located on the outskirts of London city centre.

The business is situated in a residential area of London, with very little competition around. The business benefits from free parking and a heavy footfall. The salon is set on a retail parade which is very popular with locals.

The area has great public transport links with several bus stops located around the area. The A20 which travels through to London city is just a short drive away. Central London is around 11.3 miles from the property and is an easy commute using the many train stations surrounding the area.

PREMISES
This ground floor premise looks brilliant, well-kept and modern.

Inside the salon is a fantastic space with two styling station to either side of the room. To the left on entrance is the counter and a seating area for welcoming clients. At the back of the room is two back wash stations. The salon is well presented and decorated and kept simple with a touch of glamour with the mirrored counter.

There is a large amount of products displayed around the salon area, on racks and shelving.

To the back of the premises is the kitchen and preparation area. There is also a toilet and storage area with an exit that leads through to the back carpark.

Equipment included in the sale is as follows-
3 x Stand up hair dryers
2 Blow dryers
Racking
Towels
2 x Fully kitted roller trolleys one is a perm curler trolley
Window display unit
Hand mirrors
Fridge
4 X Large mirrors
Fixtures and fittings
Counter
Shelving
Washing machine
Microwave
Till
Toaster

To the back of the premise is parking for staff.

TENURE
We are advised the business is leasehold

Original lease length 12 years
Current lease length 4 years
Review 5 period
Rent 5,500 per annum

HOURS
The business opens:-

Monday: Closed
Tuesday-Saturday: 9am - 5pm
Sunday: Closed

STAFF
The business is run and managed by the owner with the help of 1 part time staff member.

FINANCIAL PROFILE
The business reports a turnover of 44,000 per annum.

Map & Street View

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