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Successful Beauty Salon for sale in Sutton

Sutton, Greater London

Asking Price £38,000
Turnover £35,000

Business overview

Recently established salon on a 5 year lease with 3.5 years remaining. Good client base, increasingly growing in size and reputation with great reviews. Includes stock, fixtures and fitting

Business details

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Business description

Established in April 2017 and salon fitted, refurbished and furnished. We have four treatment rooms and a salon floor with 2 manicure stations, a makeup station and retail, waiting area and reception desk.

The salon is currently open Tues- Saturday and is located in an affluent village with passing traffic and footfall.

We have been growing a large client base and good reputation since opening which increases weekly, however due to personal reasons, the owner can no longer commit to the management and workload and is looking to assign the remaining 3.5yrs of the lease and sell the complete business, up and running, fully set up but with room to grow. This is a perfect opportunity for someone wanting to walk in to a ready made business and put their own mark on it.

The salon already has a website and appointment booking system which can be transferred to the purchaser for an effortless transition.

The owner is willing to stay on for a temporary period TBD to help the new owner with the handover.

The lease is £18000 per annum + Vat and the landlord is a commercial letting landlord who is likely to be renting the unit in the long term should the new occupier intend to increase the lease term on expiry. There is also a 3 year get out clause actionable in January 2020.

The business can be grown in a number of ways:
Increase staffing levels. We are not always able to meet customer requests at our busiest times - weekends and evenings. - The current owner suggests that increasing the salon opening hours to include Sundays, Mondays and Friday Evenings would allow better accommodation of client requests.
Expanding the current service menu to include more aesthetic treatments such as Plasma Lift and Dermaplaning.
Increasing retail - the area does not currently have anywhere selling supplements, vitamins and alternative health products. - This was an area the current owner intended to expand into and fits well with the ethos of the brand.

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